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Microstrategy, now Strategy, is doubling down on bitcoin, amassing 478,740 $BTC after a bold 7,633 $BTC purchase using $742.4 million from stock sales and a preferred stock offering.
Microstrategy Now Owns Nearly 500K $BTC—Here’s How They’re Paying for It
Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR), operating as Strategy, announced updates on its capital markets activities, bitcoin acquisitions, and financial maneuvers in a filing with the U.S. Securities and Exchange Commission (SEC) dated Feb. 10. Executive Chairman Michael Saylor shared the latest bitcoin purchase details on social media platform X, stating:
MSTR has acquired 7,633 $BTC for ~$742.4 million at ~$97,255 per bitcoin and has achieved $BTC Yield of 4.1% YTD 2025. As of 2/09/2025, Strategy holds 478,740 $BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin.
The company funded the acquisition through a combination of stock sales and a preferred stock offering, continuing its aggressive strategy of using capital markets to expand its bitcoin holdings.
Between Feb. 3 and Feb. 9, Microstrategy sold 516,413 shares of its class A common stock, generating net proceeds of approximately $179 million. The company also completed a public offering of 7.3 million shares of its 8.00% Series A Perpetual Strike Preferred Stock (STRK) on Feb. 5, raising approximately $563.4 million. These transactions contributed to the acquisition of 7,633 bitcoins during the same period, purchased at an average price of about $97,255 per bitcoin. As of Feb. 9, 2025, Microstrategy and its subsidiaries held a total of 478,740 $BTC, further solidifying the company’s status as the largest corporate holder of the cryptocurrency.
Additionally, Microstrategy provided an update on its 2027 convertible senior notes. The company previously issued a redemption notice for the notes, set to take effect on Feb. 24, 2025. As of Feb. 9, investors had requested conversions totaling approximately $757.8 million in principal amount, leading to the issuance of 5,322,389 shares of class A common stock. Furthermore, the company introduced key performance indicators (KPIs) such as $BTC Yield and $BTC Gain.
The company reported its Q4 earnings last week, announcing a record increase in quarterly bitcoin holdings, with 218,887 bitcoins acquired for $20.5 billion since the end of Q3. Saylor predicts that bitcoin could reach $13 million by 2045, with a bull case of $49 million and a bear case of $3 million. The latest purchase came after Saylor announced on Feb. 3 that his firm did not buy bitcoin the previous week.