Famous American business intelligence firm and the first corporate bitcoin (BTC) holder, Strategy has continued to cement its position as the world’s largest institutional BTC investor. Following a week’s pause from its purchase streak, it has hit the open market with approximately $2 billion to boost its stash by 20,356 BTC. It now holds about 499,096 bitcoins and is just 904 units away from hitting the 500,000 bitcoins mark.
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
$2 Billion Convertible Notes Offering
The bitcoin-enthusiastic company raised about $2 billion through its latest 0% convertible notes offering, due in 2030, to fund its latest purchase. In compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), the notes were sold to qualified institutional investors.
As revealed by Strategy, the notes do not bear regular interest, and their principal amount does not accumulate over time. Meanwhile, the notes will be redeemable, in whole or in part, at Strategy’s option at any time. Unless earlier repurchased, redeemed, or converted, the notes will expire on March 1, 2030. However, from December 3, 2029, holders can convert their notes into cash or shares.
$2 Billion Well Spent
Strategy has shown unwavering confidence in BTC by purchasing the crypto, despite the recent market downtrend. Spending its $2 billion on BTC shopping across the past business week, the company bought BTC below the six-figure mark at an average price of $97,514.
Since 2020, the company has spent $33.1 billion to acquire 499,096 BTC at an average price of approximately $66,357 per bitcoin. At press time, BTC was trading at $95,600.
At today’s prices, Strategy is sitting on $14.6 billion in unrealized profits. The company has also achieved a BTC Yield of 6.9% year-to-date in 2025.
Remarkably, as revealed on the company’s official BTC purchase page, this is the 55th time Strategy has acquired BTC from the open market since it embraced bitcoin as a reserve asset.
Meanwhile, other institutions, including Japan’s Metaplanet and America’s Semler Scientific, have followed in Strategy’s footsteps over the years and are enjoying the benefits of holding bitcoin for the long term.
