Key takeout
- Bitcoin Bull Saylor hinted at the strategy's new acquisition of Bitcoin.
- The company plans to offer a $2 billion convertible note to acquire Bitcoin.
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Following a brief pause, the strategy may have resumed buying Bitcoin. Michael Saylor posted a Bitcoin Tracker on X on Sunday. This is usually followed by an announcement of Bitcoin acquisition.
I don't think this reflects what I did last week. pic.twitter.com/57qe7qfwkm
– Michael Saylor (@saylor) February 23, 2025
Saylor's tweet was aimed at general corporate purposes including the acquisition of Bitcoin after the strategy announced its $2 billion convertible senior notes on Wednesday, announcing 0% interest and maturity in 2030. I'm here.
The Tysons, Virginia-based company, rebranded from the micro strategy, currently owns 478,740 bitcoin, valued at around $46 billion at its current price. 7,633 BTC's latest Bitcoin acquisition occurred at an average price of $97,255 per coin for the week ending February 9th.
After the recent sales of Class A common stock, the strategy is allowing approximately $4 billion in shares to be sold. The company often uses the revenue from these sales to fund its next BTC purchase.
The strategy invested around $31 billion in Bitcoin at an average price of $65,000 per coin, generating nearly $15 billion of unrealized profits.
Bitcoin fell below $95,000 and below $95,000 this week after winning $99,000 on Friday, according to Coingecko data.
Digital assets are currently trading at around $95,700, a slight decline in the last 24 hours.
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