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Strategy Resumes Bitcoin Purchases, Takes Holdings to 478,740 BTC
Executive Chairman Michael Saylor Announces a Bitcoin Purchase of $742.4 million
Updated Feb 10, 2025, 1:08 p.m. Published Feb 10, 2025, 1:00 p.m.
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What to know:
- Strategy bought another 7,633 BTC.
- The company, formerly known as MicroStrategy, now holds 478,740 BTC.
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).
Strategy (MSTR) increased its bitcoin (BTC) holdings to 478,740 BTC after last week's pause with the purchase of $742.4 million worth of the largest cryptocurrency
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The Tysons Corner, Virginia company formerly known as MicroStrategy bought 7,633 BTC in the week ended Feb. 9, Executive Chairman Michael Saylor posted on X. The average purchase price was $97,255 per bitcoin, which raised the overall average purchase price to $65,033
The company didn't buy any bitcoin in the week ended Feb. 2, most likely because it was observing a blackout period during its earnings week. On Feb. 6, the company reported a fourth-quarter net loss of $3.03 per share, compared with income of $0.50 per share a year earlier.
According to the 8-K filing, the bitcoin purchases were made using proceeds from the sale of shares under the sales agreement and the perpetual preferred equity offering of Strike .
Saylor teased the purchase announcement once again on Sunday, as he has for the past few months: "Death to the blue lines. Long live the green dots."
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