Thomas Daniels
After a brief hiatus, plan, the business formerly known as MicroStrategy, is ready to continue its aggressive Bitcoin acquisition plan. The company’s dedication to its “21/21 plan” to increase its BTC holdings was reaffirmed when co-founder Michael Saylor recently released a Bitcoin price chart that suggested an impending acquisition.
With the completion of its most recent acquisition on February 10, 2025, Strategy increased its balance sheet by 7,633 BTC, which at the time was worth approximately $742 million. According to SaylorTracker, this increased the company’s total Bitcoin holdings to 478,740 BTC, which are presently valued at almost $46 billion. As a result of the company’s strategic deployment of money to enhance shareholder value, its Bitcoin investment has increased by 47.7%.
Institutional Trust in the Bitcoin Play of Strategy
Big banks still support Strategy in spite of market skepticism about the viability of its Bitcoin acquisition strategy. According to a Securities and Exchange Commission (SEC) filing, BlackRock, the largest asset manager in the world with $11.6 trillion in assets under management, raised its ownership share in the business to 5% on February 6, 2025.
Remarkably, 12 states in the US now own Strategy stock in their treasury reserves or pension funds. With an estimated $83 million invested, California’s State Teachers’ Retirement Fund has the greatest ownership of all of them. The California Public Employees Retirement System is next in line with roughly $76.7 million in shares.
Strategy’s $2 Billion Convertible Notes to Finance Additional Bitcoin Acquisitions
In an effort to raise more money for Bitcoin acquisitions, Strategy, which has been expanding rapidly, announced on February 20, 2025, the pricing of a $2 billion convertible note offering.
Saylor has previously highlighted the company’s approach of using “intelligent debt” to strengthen its position in the Bitcoin market, thereby solidifying Strategy’s position as the biggest corporate Bitcoin holder. The company’s long-term Bitcoin strategy continues to be a defining feature of its business identity as institutional interest increases.
