Strategy Acquires 20,356 BTC for $1.99B, Boosting Holdings to Nearly 500,000 BTC

Key Points

  • Strategy has purchased 20,356 BTC for approximately $1.99 billion at an average price of $97,514 per Bitcoin.
  • The company now holds 499,096 BTC, acquired for $33.1 billion at an average cost of $66,357 per BTC.
  • This acquisition follows a $2 billion convertible bond sale to fund additional Bitcoin purchases.
By Dorin Buliga

Strategy, formerly known as MicroStrategy, has acquired 20,356 Bitcoin (BTC) for approximately $1.99 billion at an average price of $97,514 per BTC.

This latest purchase, made between February 18 and February 23, brings the company’s total Bitcoin holdings to 499,096 BTC, acquired for around $33.1 billion at an average price of $66,357 per BTC.

The acquisition was funded through a $2 billion convertible bond sale, a strategy the company has frequently used to expand its Bitcoin treasury. Since October 2024, Strategy has been purchasing BTC almost weekly, cementing its position as the largest corporate Bitcoin holder.

Currently, Strategy’s Bitcoin holdings are worth approximately $47.7 billion, representing more than 2.5% of the total BTC supply.

The company’s aggressive Bitcoin accumulation has driven a 2,300% surge in its stock price since it first adopted Bitcoin as a treasury asset in 2020. In contrast, Bitcoin itself has gained over 700% in the same period.

Despite a slight 1.7% decline in Strategy’s stock price on Monday, the company remains committed to its long-term Bitcoin acquisition plan.

Strategy previously announced a goal to raise $42 billion in capital by 2027 through stock sales and fixed-income securities to fund further Bitcoin purchases.

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