{"id":14812,"date":"2025-02-25T04:02:25","date_gmt":"2025-02-25T04:02:25","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14812"},"modified":"2025-02-25T04:02:25","modified_gmt":"2025-02-25T04:02:25","slug":"strategy-inches-closer-to-500000-bitcoin-with-fresh-20356-btc-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14812","title":{"rendered":"Strategy Inches Closer To 500,000 Bitcoin With Fresh 20,356 BTC Purchase"},"content":{"rendered":"
\n

Strategy \u2013 the Bitcoin (BTC) treasury company formerly known as MicroStrategy \u2013 has scooped another 20,356 BTC in its latest cryptocurrency acquisition. The purchase has pushed the firm\u2019s total holdings to 499,096 BTC.<\/p>\n

Strategy Continues To Stack Bitcoin<\/h2>\n

In an X post<\/a> today, Strategy co-founder and executive chairman Michael Saylor announced that the firm had purchased 20,356 BTC for $1.99 billion at an average cost of $97,514 per BTC. According to an 8-K filing<\/a> with the US Securities and Exchange Commission (SEC), the purchase was made between February 18 and 23.<\/p>\n

At the time of writing, Strategy holds a total of 499,096 BTC, valued at $33.1 billion, with an average purchase price of $66,357 per BTC. Notably, the company\u2019s total Bitcoin holdings now account for over 2.3% of the total BTC supply of 21 million.<\/p>\n

Today\u2019s BTC purchase follows another major announcement \u2013 Strategy\u2019s successful raising of $2 billion through a zero-coupon convertible note offering. The notes, which mature on March 1, 2030, allow every $1,000 in notes to be converted into 2.3072 shares of Strategy\u2019s Class A common stock at a conversion price of $433.43 per share. <\/p>\n

After accounting for fees and expenses, Strategy generated net proceeds of $1.99 billion from the offering. The company stated that it will use the proceeds for \u201cgeneral corporate purposes, including the acquisition of Bitcoin and for working capital.\u201d<\/p>\n

Notably, today\u2019s note offering is part of Strategy\u2019s ambitious 21\/21 Plan<\/a>. Under this initiative, the company aims to raise up to $42 billion \u2013 partly through equity and fixed-income instruments \u2013 to finance future BTC acquisitions.<\/p>\n

According to today\u2019s announcement, Strategy has already raised nearly $20 billion toward its $42 billion target. Interestingly, Saylor had hinted<\/a> on Sunday about today\u2019s Bitcoin acquisition.<\/p>\n

Following the announcement, Strategy\u2019s stock (MSTR) is trading at $303.50 \u2013 up 1.27% in pre-market trading. Over the past year, the stock has surged by an impressive 345%, outperforming Bitcoin, which is up 86.7% over the same period.<\/p>\n

\"MSTR\"<\/p>\n

Companies Not Deterred By Crypto Market Drawdown<\/h2>\n

Despite a decline in the total crypto market capitalization \u2013 from a peak of $3.90 trillion on December 16 to $3.31 trillion at the time of writing \u2013 investors remain optimistic<\/a>. Many continue to invest in the emerging asset class, buoyed by expectations of favorable<\/a> regulatory developments following US President Donald Trump\u2019s victory in the November election.<\/p>\n

Besides Strategy, other companies like Semler Scientific<\/a>, Rumble<\/a>, and Metaplanet<\/a> have also made major BTC purchases this year. At the time of writing, BTC trades at $95,389, down 0.6% in the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Strategy \u2013 the Bitcoin (BTC) treasury company formerly known as MicroStrategy \u2013 has scooped another 20,356 BTC in its latest cryptocurrency acquisition. The purchase has pushed the firm\u2019s total holdings to 499,096 BTC. Strategy Continues To Stack Bitcoin In an X post today, Strategy co-founder and executive chairman Michael Saylor announced that the firm had […]<\/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-14812","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\/14812","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=14812"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14812\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}