Bitcoin Acquisition by Strategy

Following a brief pause, Strategy may have resumed its Bitcoin purchases. Michael Saylor posted the Bitcoin tracker on X, typically signaling a Bitcoin acquisition announcement.

> I don’t think this reflects what I got done last week.
>
> — Michael Saylor⚡️ (@saylor) February 23, 2025

Saylor’s tweet follows Strategy’s announcement of a $2 billion convertible senior note offering on Wednesday, which carries 0% interest and matures in 2030. Proceeds are intended for general corporate purposes, including Bitcoin acquisitions.

The Tysons, Virginia-based company, rebranded from MicroStrategy, currently holds 478,740 Bitcoin valued at approximately $46 billion. Its latest acquisition was 7,633 BTC, occurring in the week ending February 9, at an average price of $97,255 per coin.

Following the recent sale of Class A common stock, Strategy has about $4 billion of shares available for sale. The firm often uses proceeds from these sales to finance subsequent BTC purchases.

Strategy has invested roughly $31 billion in Bitcoin at an average price of $65,000 per coin, generating nearly $15 billion in unrealized gains.

Bitcoin saw volatility this week, reaching $99,000 on Friday before falling back below $95,000 following a $1.4 billion hack targeting Bybit, according to CoinGecko data.

The digital asset currently trades around $95,700, showing a slight decline over the past 24 hours.