Strategy’s Bold $2 Billion Bitcoin Purchase Nears 500K BTC Milestone

• 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.

ICYMI: Michael Saylor’s ‘Strategy’ now owns 499,096 Bitcoin $BTC worth $47,500,000,000 🚀 pic.twitter.com/963W7Wj7q7

— BlockNews (@blocknewsdotcom) February 24, 2025

Where’s the Money Coming From?

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.