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Home BUSINESS

Michael Saylor’s Strategy Increases Bitcoin Holdings by $742M

Michael Juanico by Michael Juanico
February 10, 2025
in BUSINESS, CRYPTO, FINANCE
Reading Time: 2 mins read
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  • Strategy bought 7,633 BTC for $742 million, pushing its total holdings to 478,740 BTC, worth $46 billion.
  • The firm raised $563 million from a public offering to fund further Bitcoin acquisitions under its aggressive treasury strategy.
  • Saylor’s company continues its commitment to Bitcoin, following the asset’s surge past $100,000 in late 2024.

Michael Saylor’s firm, now rebranded as Strategy, has resumed its Bitcoin buying spree, purchasing 7,633 BTC for $742 million after a brief pause. The company, formerly MicroStrategy, continues to double down on its belief in Bitcoin as a key asset in its treasury strategy.

ICYMI: Michael Saylor's 'Strategy' has acquired 7,633 Bitcoin for $742 million, bringing its total holdings to 478,740 $BTC worth $46 billion 👀 pic.twitter.com/gqRfaeRYCa

— BlockNews (@blocknewsdotcom) February 10, 2025

Strategy’s Latest Bitcoin Acquisition

Strategy’s recent purchase of 7,633 BTC at $97,255 per coin has pushed its total holdings to 478,740 BTC, valued at approximately $46 billion.

An Aggressive Treasury Strategy

The company has outlined plans to raise over $42 billion for further Bitcoin accumulation and recently generated $563 million through a public offering of 7.3 million preferred shares.

Saylor’s Vision for Bitcoin Leadership

Michael Saylor’s long-term bullish stance on Bitcoin remains firm as his firm bets big on BTC, which recently surpassed the $100,000 mark during a historic bull run in late 2024.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinMichael SaylorMicrostrategyStrategy
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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