Strategy Shares Decline Following Acquisition of 20,356 BTC

The founder of Strategy (formerly MicroStrategy), Michael Saylor, announced the purchase of an additional 20,356 BTC for $1.99 billion at a price of $97,514 per coin.

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

As of February 23, the firm holds a total of 499,096 BTC. Strategy has spent a total of $33.1 billion on acquiring digital assets, with an average price of $66,357.

The return on investment in the leading cryptocurrency since the beginning of the year is 6.6%.

The funds for the latest transaction were raised through the sale of convertible senior notes worth $2 billion.

Strategy has completed a $2 billion offering of convertible notes at 0% coupon and 35% premium, with an implied strike price of ~$433.43. $MSTR https://t.co/PsEdj3nm0i

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

The issued securities were sold at a 35% premium with an implied strike price of ~$433.43. The bond maturity date is set for March 1, 2030, but early redemption is possible.

Despite the aggressive acquisition of digital gold, Strategy’s (MSTR) stock prices are showing a negative trend. After the market opened on February 24, they fell by 5.86% to $282.1. Over the month, the MSTR rate plummeted by 18.7%.

Earlier, Bernstein predicted that by the end of 2033, Strategy will own 4% of the total Bitcoin supply—830,000 BTC at a price of $1 million.