On Monday, Michael Saylor, CEO of enterprise analytics firm Strategy (formerly Microstrategy), revealed the company procured 20,356 bitcoin for $1.99 billion.
Strategy Nears Half-Million Bitcoin Custody Milestone With New $1.99 Billion Acquisition
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Michael Saylor’s Strategy Adds 20,356 Bitcoin to Portfolio Amid Market Fluctuations
The transaction marks Strategy’s latest expansion of its cryptocurrency portfolio since its prior purchase on Feb. 10. In a post to X, Saylor detailed the acquisition—executed at an average price of $97,514 per bitcoin—and emphasized the firm’s disciplined allocation strategy.
On Monday morning, he also highlighted a 6.9% annualized return on bitcoin holdings year-to-date through 2025, framing it as a testament to the company’s calculated embrace of digital assets.
The Strategy founder added:
As of 2/23/2025, we hodl 499,096 BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin.
The acquisition was announced roughly 45 minutes before Saylor detailed that Strategy completed “a $2 billion offering of convertible notes at 0% coupon and 35% premium, with an implied strike price of ~$433.43.” Strategy reigns as the preeminent publicly traded custodian of bitcoin, its treasury now a mere 904 BTC shy of the half-million milestone—a symbolic threshold in the annals of digital asset accumulation.
Bitcoin ( BTC), however, has navigated choppy waters lately, depreciating by over 8% against the U.S. dollar in the past 30 days. Mirroring this turbulence, Strategy’s Nasdaq-listed shares (MSTR) have retreated 22% across the same period. Yet, zooming out unveils a brighter tableau: MSTR’s valuation has vaulted 118% in the trailing six months, illustrating the volatile yet fertile terrain of crypto-linked equities.
