Strategy, formerly known as MicroStrategy, is issuing $2 billion in convertible senior notes. This funding will be used to buy more Bitcoin. The company has a history of accumulating Bitcoin through stock offerings.
Michael Saylor, the CEO, mentioned that the firm did not buy any Bitcoin last week. This pause interrupted their usual buying trend. However, Strategy remains dedicated to its Bitcoin strategy. Since starting to acquire Bitcoin, the company has become one of the largest holders of the cryptocurrency.
Earlier this month, Strategy broke a 12-week streak of buying Bitcoin but resumed shortly after. Saylor confirmed that as of February 17, 2025, the company holds 478,740 BTC, purchased for about $31.1 billion. The average price paid was around $65,033 per Bitcoin.
Following this update, Saylor announced the private offering of $2 billion in convertible senior notes. The money raised will be used to buy more Bitcoin, similar to past stock offerings. To support its Bitcoin purchases, Strategy has sold shares. This led to BlackRock acquiring a 5% stake in the company. The firm’s Strike Preferred Stock (STRK) has also performed well.
Bitcoin’s price has been volatile recently, which could be a buying opportunity for Strategy. After significant fluctuations, the price is now stabilizing just below $100,000. This situation allows the company to buy more Bitcoin at a lower cost.
Despite the volatility, Strategy’s stock (MSTR) has dropped nearly 15% in the last month. Still, the company is committed to its Bitcoin-focused strategy. This latest move fits with Strategy’s established approach of selling stock to increase Bitcoin reserves.
Although there are rumors about potential challenges, no significant issues have been reported. Saylor remains optimistic about Bitcoin and is dedicated to this aggressive accumulation strategy.
