Strategy Buys 20,356 Bitcoin Days After Unveiling $2B Debt Deal

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CCN2025/02/23 16:00

By:CCN

Key Takeaways

Strategy has bought 20,356 Bitcoin, bringing its holdings to almost 500,000 BTC.
The company had previously paused Bitcoin purchases in the past two weeks and did not sell any Class A common stock.
More BTC purchases are on the horizon as Strategy completed a $2 billion offering of convertible senior notes.

Strategy , formerly known as MicroStrategy , remains the largest corporate holder of Bitcoin, further expanding its reserves despite a recent slowdown in acquisitions.

While its rapid Bitcoin purchases had momentarily paused, Strategy is bolstering its financial position with a newly completed $2 billion convertible notes offering.

Strategy Buys Over 20,000 Bitcoin

Strategy has added 20,356 Bitcoin to its holdings for approximately $1.99 billion, with an average purchase price of $97,514 per Bitcoin. This results in a 6.9% BTC yield year-to-date in 2025.

As of Feb. 23, the company—formerly known as MicroStrategy— owns 499,096 BTC , acquired for around $33.1 billion at an average cost of $66,357 per Bitcoin.

Recently, Strategy had slowed its aggressive Bitcoin accumulation . Over the past two weeks, it has neither added to its Bitcoin reserves nor sold any Class A common stock through its market offering program.

The company, led by Michael Saylor, made significant acquisitions in 2024, purchasing 258,320 BTC.

New Debt Offer To Boost BTC Purchases

Strategy has also announced it finalized its previously announced $2 billion offering of 0% convertible senior notes due 2030, sold privately to qualified institutional buyers.

An option for an additional $300 million in notes was also granted to initial purchasers.

The unsecured notes do not bear interest or accrete in value and mature on Mar. 1, 2030, unless repurchased, redeemed, or converted earlier.

Conversion is allowed under specific conditions before Dec. 3, 2029. Strategy may settle conversions in cash, Class A common stock, or a mix of both.

The initial conversion rate is 2.3072 shares per $1,000 note. This translates to a $433.43 conversion price—a 35% premium over the stock’s $321.05 price on Feb 19.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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