Michael Saylor’s Strategy bought $2 billion worth of Bitcoin, bringing its total holdings close to 500,000 BTC.
The purchase was funded through a $2 billion convertible note offering, part of the company’s $42 billion “21/21 Plan.”
Strategy now holds an unrealized profit of $14.8 billion, with BlackRock increasing its stake to 5%.
Michael Saylor’s Strategy (formerly MicroStrategy) just went on another Bitcoin shopping spree—this time, dropping a staggering $2 billion to push its total holdings just shy of 500,000 BTC.
“We now hold 499,096 BTC, acquired for $33.1 billion at an average price of $66,357 per Bitcoin,” Saylor announced in a Feb. 24 X post.
This latest buy wasn’t out of pocket—it was fueled by a $2 billion senior convertible note offering.
The notes have a 0% coupon and mature in 2030—meaning investors don’t get interest, but they can convert them to shares.
Each $1,000 note converts to 2.3072 shares of Strategy’s stock at a price 35% higher than the market rate.
Net proceeds totaled $1.99 billion after fees, all earmarked for Bitcoin acquisition and general corporate use.
This aggressive funding move is part of Strategy’s larger “21/21 Plan”, which aims to raise $42 billion over three years to keep stacking Bitcoin.
So far? They’ve already locked in $20 billion.
Unrealized Gains & Institutional Attention
Despite posting a $670 million net loss in Q4 2024, Strategy is sitting on a massive unrealized profit—roughly $14.8 billion on its Bitcoin holdings.
And institutions? They’re paying attention.
Twelve North American states hold $330 million in Strategy stock through pension funds or treasuries.
BlackRock just upped its stake to 5%, strengthening its grip on the company.
With Bitcoin pushing toward $100K and Strategy nearing 500,000 BTC, one thing’s clear—Saylor isn’t slowing down anytime soon.
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.
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.
