Strategy Plans Up to $2 Billion Bitcoin Purchase Following Stock Offerings
Community speculation suggests Strategy, formerly MicroStrategy, may be planning a $2 billion Bitcoin purchase. Key points include:
- The company’s focus on Bitcoin has raised its stock price and influenced over 70 publicly traded firms.
- Co-founder Michael Saylor hinted at potential purchases via social media, indicating that recent transactions are not reflected in his tracker.
- Strategy aims to raise funds through convertible bonds to finance this acquisition.
- Part of the “21/21 Plan,” seeking $42 billion for Bitcoin investments, split between equity sales and fixed-income securities.
- Strategy is now the largest corporate Bitcoin holder, owning 478,740 BTC valued at approximately $47 billion.
- Recent acquisition included 7,633 BTC for $742.4 million.
- Convertible bonds have returned 71% since issuance, outperforming Bitcoin.
- More than 70 companies globally have added Bitcoin to their reserves, inspired by Strategy’s strategy.