Strategy, formerly known as MicroStrategy, is signaling another major Bitcoin acquisition following a brief pause. Co-founder Michael Saylor recently posted a BTC chart indicating that the firm is gearing up for another purchase. On Feb. 10, the company acquired 7,633 BTC for over $742 million, bringing its total holdings to 478,740 BTC. As of now, Strategy’s Bitcoin reserves are valued at over $46 billion, marking a 47.7% increase on its investment, according to SaylorTracker. Leveraging Bitcoin Investments Saylor previously revealed that the company intends to intensify its “intelligent leverage” strategy in Q1 2025 to finance further Bitcoin purchases. As the largest corporate holder of BTC, Strategy aims to maximize shareholder value through continued acquisitions. Institutional Investors Bet on Strategy Despite concerns over sustainability, institutional investors remain confident in Strategy’s Bitcoin strategy. A Feb. 6 SEC filing revealed that BlackRock, the world’s largest asset manager, has increased its stake in the company to 5%. Additionally, 12 U.S. states, including California, Texas, and Florida, hold Strategy stock in pension programs or treasury funds. California’s State Teachers’ Retirement Fund leads with nearly $83 million in Strategy stock, followed by the California Public Employees Retirement System with $76.7 million. New Financing for BTC Expansion On Feb. 20, Strategy announced a $2 billion convertible note offering to fuel additional Bitcoin acquisitions, further solidifying its commitment to Bitcoin investment. No information published in Crypto Intelligence News constitutes financial advice; crypto investments are high-risk and speculative in nature.
Price analysis 2/24: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK
55 min ago
President Trump asks Musk to be ‘more aggressive’ on DOGE cuts, Musk responds – Federal employees in trouble
1 hour ago
Just In: Michael Saylor Meets SEC Crypto Task Force to Discuss Digital Asset Framework
1 hour ago
Solana is speedrunning Ethereum’s bitcoin ratio chart
1 hour ago
Solana Price is down today amid security concerns
1 hour ago
Bitflow Introduces Automated Dollar-Cost Averaging (DCA) for Trustless Bitcoin Accumulation
1 hour ago