Coinspeaker
Feb 24, 2025

Strategy Acquires 20,356 BTC for $1.99 Billion in Recent Purchase

1 min

Strategy, led by Michael Saylor, has acquired 20,356 BTC for approximately $2 billion, finalizing the purchase on February 24, 2025. The average price per Bitcoin was about $97,514, funded entirely through a convertible notes offering that raised $2 billion.

Key Highlights

  • Total holdings now at 499,096 BTC, valued at around $33.1 billion
  • Year-to-date yield of 6.9% on Bitcoin holdings
  • Funding from a recent convertible notes offering with a 35% conversion premium
  • Initial purchasers can acquire an additional $300 million in convertible notes until February 27, 2025
  • No shares were issued last week, indicating a potential pause in weekly Bitcoin purchases

Strategy remains the largest corporate holder of Bitcoin among publicly traded companies globally. Its early adoption has encouraged other institutions to follow suit, including Metaplanet in Japan and Altvest Capital in Africa, which recently adopted Bitcoin as a reserve asset.