Key Points
- Business intelligence firm Strategy has boosted its Bitcoin holdings with a $2 billion acquisition.
- The company now owns 499,096 Bitcoins, worth approximately $33.1 billion.
Business intelligence firm Strategy, led by Michael Saylor, has strengthened its Bitcoin holdings with a new acquisition valued around $2 billion.
On February 24, 2025, the company announced it had bought 20,356 BTC between February 18 and 23, with each Bitcoin costing around $97,514. The purchase was made entirely in cash.
Funding and Expansion
The latest Bitcoin purchase was funded through proceeds from Strategy’s recently concluded convertible notes offering. This offering, which ended on February 21, successfully raised $2.0 billion, with a 35% conversion premium based on the price of the company’s Class A common stock.
The deal also includes an option allowing initial purchasers to acquire an additional $300 million in convertible notes until February 27, 2025.
Ever since it adopted Bitcoin as part of its corporate strategy in 2020, Strategy has consistently expanded its Bitcoin reserves. The company revealed that it has achieved a year-to-date (YTD) yield of 6.9% on its Bitcoin holdings.
Bitcoin Holdings
Following this acquisition, Strategy now holds a total of 499,096 BTC, bought at an average cost of $66,357 per Bitcoin, including fees and related expenses. The estimated total value of its Bitcoin stash is around $33.1 billion.
With these holdings, Strategy remains the largest corporate holder of Bitcoin among publicly traded companies globally.
In an official press release, Strategy clarified that it did not issue any shares last week. This suggests a possible shift in the company’s recent pattern of weekly Bitcoin acquisitions.
Institutional Bitcoin Adoption
Strategy’s early adoption of Bitcoin has encouraged increased institutional adoption of the digital asset. Metaplanet, a Tokyo-listed financial services firm, announced in 2024 that it was following Strategy’s example by incorporating Bitcoin as a strategic reserve asset.
Metaplanet has since become the largest corporate Bitcoin holder in the Asian market. Additionally, Altvest Capital became the first company in Africa to adopt Bitcoin as a reserve asset.
Other companies are also joining the Bitcoin movement. Canadian-based Rumble announced its entry into the space in January. CEO Chris Pavlovski emphasized that the company’s first Bitcoin acquisition was just the beginning, signaling a long-term commitment to the crypto sector.
