Strategy, formerly known as MicroStrategy, is nearing the half-a-million Bitcoin milestone after its latest acquisition.
A Feb. 24 US Securities and Exchange Commission (SEC) filing revealed that Strategy acquired 20,356 BTC for $1.99 billion, paying an average of $97,514 per BTC.
This brings the firm’s total Bitcoin holdings to 499,096 BTC, which are now valued at over $47 billion. Since the Michael Saylor-led company began accumulating Bitcoin, it has spent $33.1 billion, including fees, at an average purchase price of $66,357 per BTC.
The latest buy contributes to a strong start in 2025, with Strategy reporting a 6.9% BTC yield from Jan. 1 to Feb. 23, a BTC gain of 30,702, and a total valuation increase of $2.941 billion.
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The latest purchase was funded by Strategy’s recently finalized $2 billion zero-coupon convertible note offering. According to the filing, investors were also given an option to acquire an additional $300 million in notes.