{"id":47997,"date":"2025-02-26T16:48:03","date_gmt":"2025-02-26T16:48:03","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47997"},"modified":"2025-02-26T16:48:03","modified_gmt":"2025-02-26T16:48:03","slug":"strategy-buys-another-20356-btc-worth-nearly-2b","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47997","title":{"rendered":"Strategy Buys Another 20,356 BTC Worth Nearly $2B"},"content":{"rendered":"

\u201cSaylor\u2019s Strategy has purchased 20,356 BTC at $97,514 per\u00a0Bitcoin\u201d<\/em><\/strong><\/p>\n

Michael Saylor<\/p>\n

In a bold move underscoring its unwavering commitment to cryptocurrency, Strategy\u200a\u2014\u200aformerly known as MicroStrategy\u200a\u2014\u200ahas acquired an additional 20,356 bitcoins for approximately $1.99\u00a0billion.<\/p>\n

Michael Saylor announced on X<\/a>, \u201cStrategy has acquired 20,356 BTC for $1.99B at $97,514 per bitcoin and has achieved BTC yield of 6.9% YTD\u00a02025.\u201d<\/p>\n

This purchase, executed between February 18 and 23, 2025, was financed through a zero-coupon convertible note offering, as disclosed in a recent filing with the U.S. Securities and Exchange Commission.<\/p>\n

This latest acquisition brings Strategy\u2019s total bitcoin holdings to approximately 499,096 bitcoins, purchased at an aggregate cost of $33.1 billion, with an average price of $66,357 per bitcoin. Data from Saylortracker<\/a> shows that the current market value of these holdings stands at $47.8 billion, reflecting a substantial unrealised gain of over $14.7\u00a0billion.<\/p>\n

The convertible notes issued to fund this purchase are set to mature on March 1, 2030, and feature a 0% coupon rate. Each $1,000 block of notes is convertible into 2.3072 shares of Strategy\u2019s Class A common stock at $433.43 per share, representing a 35% premium over the current market\u00a0price.<\/p>\n

Strategy Maintains its 21\/21\u00a0Plan<\/h3>\n

Despite a net loss of $670 million in the fourth quarter of 2024, Strategy remains steadfast in its long-term bitcoin acquisition plan. The company\u2019s Executive Chairman Michael Saylor has been a vocal advocate<\/a> for Bitcoin, suggesting that the United States should consider adopting a strategic Bitcoin reserve to maintain economic leadership.<\/p>\n

This investment strategy aligns with Strategy\u2019s \u201c21\/21 Plan<\/a>,\u201d which aims to raise $42 billion over the next three years through a combination of equity and fixed-income instruments to fund further bitcoin acquisitions. To date, the company has secured $20 billion of this target, primarily through senior convertible notes and debt offerings<\/a>.<\/p>\n

As of February 25, 2025, Bitcoin<\/a> is trading at approximately $88,687, below its peak of over $109,000 last\u00a0month.<\/p>\n

Strategy Buys Another 20,356 BTC Worth Nearly $2B<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":"

\u201cSaylor\u2019s Strategy has purchased 20,356 BTC at $97,514 per\u00a0Bitcoin\u201d Michael Saylor In a bold move underscoring its unwavering commitment to cryptocurrency, Strategy\u200a\u2014\u200aformerly known as MicroStrategy\u200a\u2014\u200ahas acquired an additional 20,356 bitcoins for approximately $1.99\u00a0billion. Michael Saylor announced on X, \u201cStrategy has acquired 20,356 BTC for $1.99B at $97,514 per bitcoin and has achieved BTC yield of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-47997","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47997"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47997"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47997\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}