Saylor's Strategy secures $2B debt offering, pushes Bitcoin holdings toward 500,000 BTC

Strategy leverages debt markets to bolster its position in Bitcoin despite volatile market conditions.

Saylor's Strategy secures $2B debt offering, pushes Bitcoin holdings toward 500,000 BTC

Key Takeaways

  • Strategy has acquired a total of 499,096 Bitcoin, representing 2.3% of Bitcoin's total supply cap.
  • The company completed a $2 billion debt offering to fund further Bitcoin acquisitions and corporate purposes.

Share this article

Michael Saylor’s Strategy announced today it had added 20,356 Bitcoin to its treasury during the week ending Feb. 23, spending roughly $2 billion and driving its total holdings toward 500,000 BTC. The company financed the purchase through a recently closed $2 billion senior convertible note offering.

The company acquired its total Bitcoin holdings for about $33 billion at an average price of $66,357 per Bitcoin. Strategy reported a Bitcoin yield of 6.9% year-to-date for 2025 as of February 24.

Strategy said earlier today that it had completed a $2 billion offering of 0% convertible senior notes due in 2030. The notes were sold in a private offering to qualified institutional buyers, with an option granted to initial purchasers to buy up to an additional $300 million in notes. The net proceeds from the offering are approximately $1.99 billion after deducting fees and expenses.

As of the publication of this article, MSTR stock was trading at around $286, reflecting a decline from its previous close of $299. This represents a drop of approximately 4.5%, with an intraday low of 5.5%.

Strategy, formerly known as MicroStrategy, began its Bitcoin accumulation in August 2020 as the first publicly traded company to adopt Bitcoin as a primary treasury reserve asset.

The company has maintained an aggressive acquisition strategy, with notable purchases including 218,887 Bitcoin for $20.5 billion in Q4 2024.

Strategy’s current holdings represent about 2.3% of Bitcoin’s total supply cap of 21 million and approximately 2.5% of the circulating supply of 19,828,478 Bitcoin.

In October 2024, MicroStrategy, led by Michael Saylor, set its sights on becoming the world’s foremost Bitcoin bank with aspirations for a trillion-dollar valuation, grounded in a robust, long-term belief in Bitcoin’s potential.

Share this article

Loading...