Business intelligence software company Strategy, formerly known as MicroStrategy, announced a nearly $2 billion Bitcoin purchase on Monday, adding 20,365 Bitcoin to its treasury at an average price of $97,514 per coin.
The move was telegraphed last week when the firm announced its intentions to sell $2 billion of zero-coupon convertible bonds. Strategy said it would use the proceeds to purchase more Bitcoin as part of its “21/21” plan, with the firm intending to raise $42 billion over the next three years to buy more of the largest crypto asset.
Michael Saylor, the company’s founder and executive chairman, announced the closing of the $2 billion convertible notes sale this morning.
Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTRhttps://t.co/mNWDaXRE7N
Its most recent buy, the largest so far in 2025, brings the firm’s Bitcoin holdings to 499,096, about $47 billion at current prices. That’s nearly 2.4% of the Bitcoin supply—far more than any of its publicly traded peers.
However, that mark falls well below Saylor’s recent suggestion that the United States should scoop up 20% of the supply, adding that owning 4-6 million Bitcoin means the country could “pay off the entire national debt.”
Some are unconvinced of that, however, with author and crypto skeptic David Gerard telling Decrypt last week that there is “no plausible reason” that claim would be true, and adding that Saylor is “advocating for U.S. government price support for Bitcoin and that's all.”
Strategy co-founder Michael Saylor has suggested that the U.S. could purchase 20% of the Bitcoin supply “for free,” and that owning 4 to 6 million BTC would “pay off the entire national debt.”
Appearing at the annual CPAC conference, Saylor spoke in favor of a strategic Bitcoin reserve, arguing that “the dollar would strengthen” if the U.S. federal government created such a stockpile.
He also warned that not pursuing such a policy would risk the U.S. falling behind other nations, claiming that “...
Regardless of whether or not the United States buys Bitcoin, Saylor indicated that he has no plans of slowing down, previously suggesting he would be “buying the top forever” while likening the purchasing of Bitcoin to that of Manhattan real estate.
“Every time Manhattan real estate goes up in value, they issue more debt to develop more real estate," Saylor told CNBC Money Movers in December.
The strategy has worked thus far for the firm, which is up more than $14 billion on its Bitcoin purchases to date, according to data from SaylorTracker.
The market did not react positively to the latest Bitcoin purchase, as MSTR is down 2.37% today, extending its losses to 17% in the last month at a share price of $292.06.
Bitcoin itself is down 0.8% in the last 24 hours to $94,702, about $3,000 lower than Strategy’s average price from its latest buy.
The Russian Ministry of Energy is considering offering its now strictly regulated Bitcoin mining industry incentives to move to the north of the country.
The move follows Russia slapping a Bitcoin mining ban on ten regions (mainly in the south) in January of this year: Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, Donetsk, Lugansk, Zaporizhzhia, and Kherson.
Russia to Ban Crypto Mining 'In Some Regions' Due to Electricity Shortages
The ban is set to rema...
Kraken will soon offer overseas customers the ability to trade U.S.-listed stocks through the crypto exchange’s platform, the company said in a press release on Thursday.
The offering, which covers more than 50 U.S.-listed stocks and exchange-traded funds, will be facilitated through a partnership with Backed, a firm specializing in tokenized securities, using the Solana blockchain to offer so-called xStocks, the company said.
Tokenization refers to the process of taking real-world assets, wheth...
Managing a crypto portfolio is a complicated business—unnecessarily so, according to Glider Co-Founder Brian Huang.
“We need to get to a point where we can say, ‘Hey, Mom, do you want to participate in this?’” he told Decrypt. “We spend a lot of time on this at Glider: how can we make the barrier to entry so low that anybody could do it?”
Glider is designed to enable users to “come to the platform with any trading idea,” Huang said, “and what we do is we automate that whole process for you. So...