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A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
Coinpaprika 2025-02-19 10:02:19

Strategy Plans $2B Stock Sale to Buy More Bitcoin

Strategy Plans $2B Stock Sale to Buy More Bitcoin

Strategy (formerly MicroStrategy) is issuing $2 billion in convertible senior notes to finance additional Bitcoin purchases. This move continues the company’s long-standing practice of accumulating BTC through stock offerings. Michael Saylor confirmed that his firm had not acquired any Bitcoin in the past week, briefly interrupting its usual buying streak. Despite this pause, the company remains committed to its Bitcoin strategy. Since it began acquiring Bitcoin, Strategy has become one of the world’s largest holders of the cryptocurrency. Earlier this month, the company broke its 12-week streak of consecutive purchases , though it quickly resumed buying shortly after. Now, Saylor has acknowledged another temporary pause, stating, “Last week, Strategy did not sell any shares of class A common stock under its at-the-market equity offering program and did not purchase any Bitcoin. As of 2/17/2025, we hold 478,740 BTC acquired for ~$31.1 billion at an average of ~$65,033 per Bitcoin.” Shortly after making this announcement, Saylor followed up with another statement: Strategy is launching a private offering of $2 billion in convertible senior notes. The funds raised will be used to buy more Bitcoin , following the same approach as previous stock offerings. To sustain its Bitcoin purchases, Strategy has employed several methods, including selling shares. Recently, this led to BlackRock acquiring a 5% stake in the company. Meanwhile, its Strike Preferred Stock (STRK) has also performed well. The firm’s Bitcoin holdings have appreciated significantly, yet Strategy remains firm in its long-term commitment to holding these assets. Bitcoin’s price has experienced volatility in recent weeks, which may present a buying opportunity for Strategy . After sharp fluctuations, the price is now consolidating just under the $100,000 mark. While this isn’t a major decline, it does allow the company to accumulate more BTC at a slightly lower cost. At the same time, Strategy’s stock ( MSTR ) has underperformed, dropping nearly 15% over the past month. Despite this, the company remains steadfast in its Bitcoin-focused approach. This latest move aligns with Strategy’s well-documented approach—selling stock to increase its Bitcoin reserves. While there have been rumors of potential challenges in executing this strategy, no concrete issues have surfaced. For now, Saylor continues to maintain a highly bullish outlook on Bitcoin and appears committed to this aggressive accumulation strategy.

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Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
610
Today News
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