Strategy, formerly known as MicroStrategy, is signaling another major Bitcoin acquisition following a brief pause. Co-founder Michael Saylor recently posted a BTC chart indicating that the firm is gearing up for another purchase.
On Feb. 10, the company acquired 7,633 BTC for over $742 million, bringing its total holdings to 478,740 BTC. As of now, Strategy’s Bitcoin reserves are valued at over $46 billion, marking a 47.7% increase on its investment, according to SaylorTracker.
Leveraging Bitcoin Investments
Saylor previously revealed that the company intends to intensify its “intelligent leverage” strategy in Q1 2025 to finance further Bitcoin purchases. As the largest corporate holder of BTC, Strategy aims to maximize shareholder value through continued acquisitions.
Institutional Investors Bet on Strategy
Despite concerns over sustainability, institutional investors remain confident in Strategy’s Bitcoin strategy. A Feb. 6 SEC filing revealed that BlackRock, the world’s largest asset manager, has increased its stake in the company to 5%.
Additionally, 12 U.S. states, including California, Texas, and Florida, hold Strategy stock in pension programs or treasury funds. California’s State Teachers’ Retirement Fund leads with nearly $83 million in Strategy stock, followed by the California Public Employees Retirement System with $76.7 million.
New Financing for BTC Expansion
On Feb. 20, Strategy announced a $2 billion convertible note offering to fuel additional Bitcoin acquisitions, further solidifying its commitment to Bitcoin investment.
No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.
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