Quick Facts:
- Strategy purchased 7,633 BTC between Feb. 1 and Feb. 10, spending $742.4 million at an average price of $97,255 per BTC.
- The firm now holds 478,740 BTC, worth approximately $45.5 billion.
- Strategy now holds over 2.2% of Bitcoin’s total 21 Million supply
After a brief pause, Strategy—the business intelligence firm formerly known as MicroStrategy—has resumed its aggressive Bitcoin acquisition strategy, purchasing another 7,633 BTC for approximately $742.4 million. The latest buy brings the company’s total Bitcoin holdings to 478,740 BTC, worth an estimated $46 billion at current market prices.
The purchase was disclosed in a recent SEC filing, confirming that the acquisition took place between Feb. 1 and Feb. 10 at an average price of $97,255 per BTC. This move marks Strategy’s first Bitcoin buy since late January, when the company momentarily halted its 12-week buying streak.
Michael Saylor, Executive Chairman of Strategy, announced the acquisition via a post on his X account, after giving hints of an incoming purchase last weekend. The Business intelligence and Software development firm, turned Bitcoin accumulator, now holds over 2.2% of Bitcoin’s total 21 Million supply, having purchased at an average price of $65,033 per bitcoin for a total cost of around $31.1 billion, including fees and expenses. This effectively makes Strategy the single largest institutional holder of the leading digital asset.
Strategy’s Aggressive Capital Raise Signals More Bitcoin Buys
As part of its long-term Bitcoin accumulation strategy, Strategy has continued issuing shares to fund additional BTC purchases. The firm recently sold 516,413 shares of its Class A common stock, generating $179 million, alongside 7.3 million shares of its 8.00% Series A Perpetual Strike Preferred Stock, raising another $563.4 million.
With these latest stock sales, Strategy has approximately $4.17 billion in remaining available capital under its “21/21 plan”, which aims to raise $42 billion through a combination of equity offerings and fixed-income securities. These funds will be used to continue purchasing Bitcoin, further strengthening the company’s BTC reserves.
On Monday, Strategy’s stock (MSTR) closed at $334.62, up 2.16%, marking a 519% gain over the past year, reflecting investor confidence in its Bitcoin-focused approach.
Michael Saylor, the firm’s executive chairman and a vocal Bitcoin advocate, hinted at more BTC purchases in the near future.
Strategy Doubles Down on Bitcoin Despite Heavy Q4 Losses
Following its rebrand from MicroStrategy to Strategy, the company has continued its aggressive Bitcoin accumulation strategy—even as it navigates mounting operational expenses and a significant Q4 loss. Over the past few months alone, Strategy has acquired approximately $20 billion worth of BTC, though it temporarily paused its 12-week buying streak last week to report earnings.
In its Q4 2024 earnings release, Strategy disclosed a net loss of $670.8 million, with operating expenses skyrocketing by 693% year-over-year to $1.1 billion. A major contributor to this loss was a $1 billion impairment charge related to its Bitcoin holdings—a sharp contrast to the $39.2 million in impairment costs from Q4 2023.
