Strategy, formerly known as accumulating a total of 478,740 BTC following a significant acquisition of the sale of stocks and a preferred stock offering that generated $742.4 million.
Microstrategy currently holds close to 500,000 BTC and here’s how they are funding their acquisition.
Microstrategy Inc., a software intelligence company trading on the Nasdaq as MSTR and also known as Strategy, provided an update on its financial actions, including the acquisition of bitcoin and activities in the capital markets, in a filing submitted to the U.S. Securities and Exchange Commission (SEC) on February 10th. Executive Chairman Michael Saylor disclosed the most recent details of the company’s bitcoin purchases on the social media platform X.
The company used a mix of selling stocks and offering preferred stocks to finance the acquisition, maintaining its bold approach of utilizing financial markets to grow its bitcoin assets.
Between February 3rd and February 9th, Microstrategy sold a total of 516,413 shares of its class A common stock, resulting in around $179 million in net earnings. Additionally, the company conducted a public offering of 7.3 million shares of its 8.00% Series A Perpetual Stock (STRK February 5th, raising approximately $563.4 million. These actions led to the purchase of 7,633 bitcoins during the same timeframe, bought at an average cost of roughly $97,255 per bitcoin. As of February 9, 2025, Microstrategy and its affiliated companies collectively owned 478,740 BTC, strengthening the company’s position as the leading corporate holder of the digital currency.
Microstrategy also shared new information about its 2027 convertible senior notes. They had previously announced that the notes would be redeemed on Feb. 24, 2025. By Feb. 9, investors had converted around $757.8 million worth of notes, resulting in the creation of 5,322,389 class A common stock shares. In addition, the company introduced important metrics like BTC Yield and BTC Gain as key performance indicators (KPIs).
Last week, the company disclosed its fourth-quarter financial results, revealing a significant rise in their bitcoin holdings for the quarter. They reported acquiring 218,887 bitcoins at a cost of billion since the end of the third quarter. S projected that the value13 million by 2045, with optimistic estimates at $49 million and conservative estimates at $3 million. The recent purchase follows Saylor’s statement on February 3 that his company had not purchased any bitcoin the week before.
