MicroStrategy has once again expanded its Bitcoin holdings by acquiring 20,356 BTC for $1.99 billion between February 18 and 23, 2025.
MicroStrategy's Bitcoin Purchase
In February 2025, MicroStrategy acquired 20,356 BTC for $1.99 billion. The average purchase price was $97,514 per BTC, including fees and expenses. The purchase was financed through the issuance of convertible senior notes totaling $2 billion, with a 35% conversion premium over the company's average stock price.
Bitcoin Accumulation Strategy
MicroStrategy began accumulating Bitcoin in August 2020, becoming the first public company to adopt Bitcoin as its primary treasury reserve asset. By February 2025, the company had acquired additional 20,356 BTC, raising its total holdings to 499,096 BTC, equivalent to 2.3% of Bitcoin’s total supply cap and 2.5% of its circulating supply.
Investments and Future Plans
As part of the "21/21 Plan," MicroStrategy aims to raise $42 billion for Bitcoin acquisitions. The company has already secured $20 billion via convertible notes and debt, despite reporting a $670 million net loss in Q4 2024.
MicroStrategy actively expands its Bitcoin assets, demonstrating confidence in the long-term value of cryptocurrency despite financial challenges.
