{"id":14711,"date":"2025-02-24T15:01:44","date_gmt":"2025-02-24T15:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14711"},"modified":"2025-02-24T15:01:44","modified_gmt":"2025-02-24T15:01:44","slug":"btc-price-keeps-dropping-despite-strategys-latest-2b-bitcoin-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14711","title":{"rendered":"BTC Price Keeps Dropping Despite Strategy\u2019s Latest $2B Bitcoin Purchase"},"content":{"rendered":"<div>\n<p>Just a few hours after announcing the successful completion of a $2 billion offering of convertible notes, Strategy (formerly MicroStrategy) said it had purchased BTC for the exact same amount.<\/p>\n<p>Thus, its total bitcoin stash has grown to over 499,000 BTC.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2\/23\/2025, we hodl 499,096 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a> acquired for ~$33.1 billion at ~$66,357 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$MSTR<\/a> <a href=\"https:\/\/t.co\/mNWDaXRE7N\" data-wpel-link=\"external\" target=\"_blank\">https:\/\/t.co\/mNWDaXRE7N<\/a><\/p>\n<p>\u2014 Michael Saylor<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/26a1.png\" alt=\"\u26a1\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1894010574494687441?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 24, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The latest acquisition, announced by co-founder and former CEO Michael Saylor, saw the accumulation of 20,356 BTC at an average price of $97,514. The largest corporate bitcoin holder now owns 499,096 BTC, acquired for $33.1 billion.<\/p>\n<p>Given the cryptocurrency\u2019s current value, Strategy\u2019s holdings are now valued at $47.4 billion, putting the company in a $14 billion paper gain situation.<\/p>\n<p>This purchase was announced shortly after the company <a href=\"https:\/\/x.com\/saylor\/status\/1894003292037894584\" data-wpel-link=\"external\" target=\"_blank\">said<\/a> it had raised $2 billion by offering convertible notes at 0% coupon and 35% premium, with an implied MSTR strike price of $433.43.<\/p>\n<p>Alongside the crypto market, the firm\u2019s shares have been in a nosedive state, losing over 12% in the past five days. They are down by 16.5% since this time last month but up by 105% on a 6-month scale and now trade inches below $300.<\/p>\n<p>BTC\u2019s price also struggles to gain any traction. It <a href=\"https:\/\/cryptopotato.com\/these-altcoins-bleed-out-as-bitcoin-btc-loses-96k-level-market-watch\/\" data-wpel-link=\"internal\">dropped<\/a> below $96,000 earlier today and is now close to breaking beneath $95,000 for the first time since last week\u2019s crash.<\/p>\n<figure id=\"attachment_384702\" aria-describedby=\"caption-attachment-384702\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-384702\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25.png\" alt=\"BTCUSD. Source: TradingView\" width=\"1835\" height=\"819\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25.png 1835w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25-300x134.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25-1024x457.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25-768x343.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25-1536x686.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-25-50x22.png 50w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"><\/a><figcaption id=\"caption-attachment-384702\" class=\"wp-caption-text\">BTCUSD. Source: TradingView<\/figcaption><\/figure>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/btc-price-keeps-dropping-despite-strategys-latest-2b-bitcoin-purchase\/\" rel=\"nofollow\">BTC Price Keeps Dropping Despite Strategy\u2019s Latest $2B Bitcoin Purchase<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Just a few hours after announcing the successful completion of a $2 billion offering of convertible notes, Strategy (formerly MicroStrategy) said it had purchased BTC for the exact same amount. Thus, its total bitcoin stash has grown to over 499,000 BTC. Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14711","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14711"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14711\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}