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Strategy Bitcoin Stack Just Shy of 500K Tokens After Latest $2B Purchase
The Michael Saylor-led company used funds from last week's $2 billion 0% convertible note offering.
Updated Feb 24, 2025, 7:05 p.m. Published Feb 24, 2025, 1:13 p.m.
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What to know:
Strategy (MSTR) brought its bitcoin (BTC) holdings up to just a hair shy of half of million with its latest acquisition.
The company, led by Executive Chairman Michael Saylor, on Monday morning announced the purchase of 20,356 BTC for $1.99B, or an average price of $97,514 per token.
This comes after the last week's $2 billion 0% convertible note offering, which raised $1.99 billion after expenses.
MSTR's bitcoin stack now sits at 499,096 tokens acquired for $33.1 billion, or an average price of $66,357 each. At bitcoin's current price of $95,500, the holdings are worth about $47.7 billion.
MSTR shares are up marginally in premarket action after a Friday tumble that took the stock price below $300.
