By Sulaimon Adewole
Strategy, popularly known as MicroStrategy headed by Bitcoin advocate Michael Saylor, has reiterated its faith in Bitcoin’s wealth creation with the acquisition of 20,356 BTC for $1.99B at $97,514 per bitcoin.
The AI+BI software company pioneers AI advancements for business intelligence and also provides mobile software and cloud-based services.
The announcement was made on the company’s X account (formerly Twitter), @Strategy.
This further cements the company’s belief in digital assets, specifically Bitcoin, and keeps its position as one of the largest corporate holders of Bitcoin (BTC).
The company now holds a total of 499,096 $BTC acquired for $33.1 billion at an average price of $66,357 per bitcoin. Remaining 904 BTC to complete 500,000.
The post reads: “Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved a BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hold 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin.”
The BTCs were funded with their proceeds from a $2 billion offering of convertible notes at 0% coupon and 35% premium, which will mature on March 1, 2030, with an implied strike price of $433.43 per share of class A common stock.
When did MicroStrategy start buying Bitcoin?
MicroStrategy (MSTR) began its Bitcoin reserve strategy on August 11, 2020 with the buying of 21,454 bitcoins for approximately $250 million. Since then, it has added thousands of BTCs to the reserve.
Micheal Saylor stated, as reported by Cointelegraph, in his meeting with SEC’s crypto task force that “Digital assets will unlock trillions in wealth”. He envisions Bitcoin as a strategic reserve that can generate $16-81 trillion in wealth for the US Treasury.
Analysts have hailed the company’s Bitcoin strategy, while some are still sceptical about the sustainability of the approach over the long term.
