Strategy, formerly MicroStrategy, confirms 478,740 BTC holdings worth $31.1B, maintaining its Bitcoin investment strategy while redeeming $1.05B in convertible notes.
Strategy, the software intelligence company formerly known as MicroStrategy (NASDAQ: MSTR), has reaffirmed its commitment to Bitcoin, disclosing total holdings of 478,740 BTC in a recent SEC filing.
According to its Form 8-K submitted to the U.S. Securities and Exchange Commission (SEC) on Feb. 18, Strategy’s Bitcoin acquisitions total approximately $31.1 billion, with an average purchase price of $65,033 per BTC, inclusive of fees and expenses. The company also confirmed that no additional Bitcoin purchases were made between Feb. 10 and Feb. 17.
Strategy Maintains Bitcoin Accumulation Plan
Executive Chairman Michael Saylor reiterated the company’s long-term Bitcoin strategy in a social media post on X (formerly Twitter):
Since adopting Bitcoin as its primary treasury reserve asset in 2020, the company has pursued an aggressive acquisition approach, solidifying its position as the largest corporate holder of Bitcoin. Despite market fluctuations, Strategy has remained committed to this investment model, aligning with its recent rebranding.
Convertible Note Redemptions and Stock Issuance
In addition to its Bitcoin holdings update, Strategy announced the redemption of its 2027 Convertible Senior Notes. A notice issued on Jan. 24 confirmed the full redemption of $1.05 billion in principal, with completion expected by Feb. 24.
By Feb. 14, the company had received conversion requests totaling $857.4 million, leading to the issuance of 6,022,026 shares of class A common stock.
Saylor’s Bitcoin Price Prediction
Michael Saylor remains bullish on Bitcoin’s long-term prospects. He has projected that Bitcoin could potentially reach $13 million by 2045, with a bull-case scenario of $49 million and a bear-case of $3 million.
His confidence in Bitcoin as a store of value continues to shape Strategy’s approach, reinforcing its dual role as both a software company and a major institutional Bitcoin holder.
Stock Performance and Market Impact
As of Feb. 19, 2025, Strategy’s stock (NASDAQ: MSTR) is trading at $332.81, reflecting a slight 0.35% decrease from the previous close.
With its rebranding and continued Bitcoin accumulation, Strategy remains a key player in the institutional adoption of cryptocurrency.
