Categories: MarketsMenafn

Strategy Adds $2 Billion Worth of Bitcoin, Acquiring 20,356 BTC

Strategy, the Nasdaq-listed business intelligence firm formerly known as MicroStrategy, has announced it further deepened its commitment to the flagship cryptocurrency Bitcoin (BTC), pouring an additional $1.99 billion into the cryptocurrency to acquire an additional 20,356 coins.

The company, which over time has become synonymous with cryptocurrency investment, bought the tokens at an average price of $97,514 per BTC and has now recorded a bitcoin yield of 6.9% so far this year, according to a recent filing with the U.S. Securities and Exchange Commission (SEC).

This latest acquisition, funded through the proceeds of a $2 billion convertible notes offering completed just days prior, brings Strategy’s total BTC holdings to a staggering 499,096, valued at approximately $33.1 billion and acquired at an average cost of $66,357 per coin. The company’s unwavering embrace of Bitcoin as a primary treasury reserve strategy has fueled both investor enthusiasm and scrutiny in equal measure.

The convertible notes offering, finalized on February 21, generated significant investor interest, raising $2 billion with an option for purchasers to acquire an additional $300 million. The notes carry a 35% conversion premium based on Strategy’s Class A common stock price, potentially diluting existing shares upon conversion.

Strategy’s Stock Market Returns

Strategy’s stock has largely mirrored the volatile nature of the cryptocurrency market, with a beta of 3.26, indicating significantly higher volatility than the broader equities market. Despite this, the stock has delivered a remarkable 335 % return over the past year, and currently boasts a market capitalization of $74 billion, according to data from Google Finance.

MSTR stock. Source: Google Finance

The company, it’s worth noting, first started buying BTC back in August 2020 and has since been issuing debt and equity offerings to finance additional cryptocurrency purchases. Its first BTC buy was for 21,454 BTC at an average price of around $11,600.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

XRP Drops from $3.65 to $3.14—SunnyMining Launches Automated Mining Contracts to Help Users Turn XRP into Stable Daily Income

Houston, Texas, 26th July 2025, ZEX PR WIRE, XRP has fallen from its mid-month high…

11 hours ago

XRP Holders Can Now Earn Daily Passive Income via Find Mining’s New Payment Integration

Find Mining has launched “Pay with XRP,” enabling global users to access mainstream crypto mining…

11 hours ago

XRP encountered liquidation? Ripplecoin Mining launched XRP cloud mining contracts to help holders obtain stable daily income

Despite the increased market volatility, Ripplecoin Mining uses AI intelligent computing power system and flexible…

1 day ago

XRP Popularity Surges: SunnyMining Launches High-Yield Cloud Mining Plans to Turn XRP Holdings into Daily Income

Los Angeles, California, 25th July 2025, ZEX PR WIRE, XRP is rapidly evolving from a payment-focused token…

1 day ago

Are You Still Envious of Others Who “Make Money by Holding Coins”? The Biggest Winner This Year May Be XRP Holders

Los Angeles, California, 25th July 2025, ZEX PR WIRE, As XRP continues to lead the crypto market,…

1 day ago