Strategy, led by Michael Saylor, intends to resume aggressive Bitcoin purchases amidst ongoing strategy implementation.
Accelerating Bitcoin Acquisition
On February 10, Strategy completed the purchase of 7,633 BTC, bringing its total to 478,740 BTC valued at over $46 billion. Michael Saylor announced the use of 'intelligent leverage' for further acquisitions.
Institutional Endorsement and Growth
Amidst BlackRock increasing its stake in Strategy to 5%, institutional confidence in the company grows. U.S. pension funds, like the California State Teachers’ Retirement Fund, have already invested millions in Strategy's stock, underscoring Bitcoin's growing role in traditional finance.
$2 Billion for Future BTC Purchases
Strategy announced a $2 billion convertible note offering to finance more Bitcoin purchases, cementing its corporate acquisition strategy in the BTC space. This reinforces the company's leading position in Bitcoin corporate adoption.
Michael Saylor and Strategy continue to confidently build their Bitcoin assets, emphasizing the cryptocurrency's significance in institutional investment.
