Catenaa, Tuesday, February 25, 2025-Business intelligence firm Strategy, formerly known as MicroStrategy, has acquired an additional $2 billion worth of bitcoin, pushing its total holdings to 499,096 BTC, according to a regulatory filing Monday.
The company purchased 20,356 BTC at an average price of $97,514, funding the transaction through a zero-coupon convertible note offering. Strategy now holds approximately 2.3% of bitcoin’s total supply, second only to BlackRock’s iShares Bitcoin Trust, which controls around 2.8%.
This marks Strategy’s largest bitcoin purchase since Dec. 9 and continues its aggressive accumulation strategy, with nearly weekly acquisitions since November. Executive Chairman Michael Saylor hinted at the move over the weekend on social media.
Despite skepticism about the sustainability of this approach, Strategy’s stock has surged over 300% in the past year. However, shares fell 4% on Monday, while bitcoin traded around $95,000, below its record high of $109,000 last month.
