Strategy to Issue $2 Billion in Convertible Notes for Bitcoin Purchases

Strategy (formerly MicroStrategy) is issuing $2 billion in convertible senior notes to finance more Bitcoin purchases, maintaining its strategy of accumulating BTC through stock offerings.

• Michael Saylor confirmed no Bitcoin was purchased in the last week, marking a brief interruption in their buying streak.
• As of 2/17/2025, Strategy holds 478,740 BTC, valued at ~$31.1 billion with an average cost of ~$65,033 per Bitcoin.
• Despite volatility, Bitcoin's price is consolidating just under $100,000, potentially allowing for additional acquisitions at lower costs.
• Strategy's stock has dropped nearly 15% over the past month but the company remains committed to its Bitcoin-focused approach.
• No significant challenges have been reported regarding the execution of this strategy.
• Saylor maintains a bullish outlook on Bitcoin and continues aggressive accumulation.