Strategy continues its active investment in Bitcoin, successfully completing a Bitcoin purchase and convertible note issuance.
Strategy's Bitcoin Acquisition
Strategy has announced the acquisition of 20,356 BTC for approximately $1.99 billion, with an average price of around $97,514 per Bitcoin. As of now, the company holds 499,096 BTC, having invested $33.1 billion at an average price of $66,357 per Bitcoin.
Convertible Notes Offering
On February 24, 2025, Strategy completed a $2 billion private offering of convertible senior notes, due in 2030. The proceeds are intended to fund Bitcoin acquisitions and general corporate purposes, reinforcing the company's commitment to its Bitcoin treasury strategy.
Bitcoin Discussions in the U.S. and El Salvador
Strategy's head, Michael Saylor, suggested that the U.S. government should acquire 20% of Bitcoin's total supply, necessitating the purchase of 3.9 million BTC. Meanwhile, smaller scale plans are under discussion, like Senator Cynthia Lummis's suggestion of a 5% reserve. Concurrently, Saylor met with El Salvador President Nayib Bukele to discuss potential Bitcoin collaboration.
Despite economic challenges and price fluctuations, Strategy continues to express strong confidence in Bitcoin's long-term outlook.
