Strategy Resumes Bitcoin Purchase With Over 20,000 BTC

Michael Saylor’s Strategy, formerly known as MicroStrategy, has commenced its Bitcoin (BTC) buy after weeks of not acquiring the leading cryptocurrency. Strategy submitted a filing with the US Securities and Exchange Commission (SEC) earlier today, showing its large BTC buy.

Strategy Buys More Bitcoin 

As revealed in the filing, Strategy bought 20,356 BTC valued at approximately $1.99 billion. The company purchased the digital assets at an average of $97,514 per BTC.

This latest BTC acquisition brings Strategy’s total Bitcoin reserve to 499,096 BTC, valued at over $47 billion. The company, which began accumulating Bitcoin in 2020, has spent $33.1 billion, including fees, at an average price of $66,357 per BTC. 

Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR https://t.co/mNWDaXRE7N

— Michael Saylor⚡️ (@saylor) February 24, 2025

Strategy has become the largest corporate Bitcoin holder, holding over 2.2% of Bitcoin’s total 21 million supply. Between January 1 and February 23, Strategy reported a 6.9% BTC yield, a BTC gain of 30,702, and a total valuation increase of $2.941 billion. 

This achievement puts the company on a strong start in 2025. It also shows the firm’s commitment to accumulating Bitcoin. MicroStrategy last purchased Bitcoin in early February, acquiring 7,633 BTC for $742.4 million at an average of $97,255 per coin.

How Strategy Funds Its Bitcoin Acquisition 

According to the recent filing, Strategy funded its latest Bitcoin purchase with its recently finalized $2 billion zero-coupon convertible note offering. Additionally, investors were allowed to acquire an additional $300 million in notes. 

Strategy revealed plans to raise $563 million in January through a Perpetual Strike Preferred Stock (STRK) offering. At the time, the company said it would issue 7.3 million STRK shares at $80 each. Strategy emphasized that all profits will go into buying more Bitcoin and other corporate purposes.

BlackRock’s Commitment to Strategy 

One of the world’s biggest asset managers, BlackRock, recently showed its commitment to strategy by increasing its firm ownership. BlackRock bought an additional 1.78 million MSTR shares, bringing its total to 11.26 million. 

This new purchase makes BlackRock a major shareholder in Strategy, strengthening its influence in the company’s future. Meanwhile, BlackRock also has one of the biggest Bitcoin stashes as an Exchange Traded Fund (ETF) issuer.