Strategy Holds Firm With 478,740 BTC
Software intelligence company Microstrategy (Nasdaq: MSTR), which recently rebranded as Strategy, has disclosed that its bitcoin holdings remain at approximately 478,740 BTC. The company’s Form 8-K, filed with the U.S. Securities and Exchange Commission (SEC) on Feb. 18, reported total bitcoin acquisitions of approximately $31.1 billion at an average purchase price of $65,033 per bitcoin, including fees and expenses. Publicly traded companies submit Form 8-K to the SEC to report significant corporate events, ensuring investors receive timely updates on material developments.
The document also states that no additional bitcoin purchases were made between Feb. 10 and Feb. 17. Executive Chairman Michael Saylor shared an update on social media platform X:
Last week, Strategy did not sell any shares of class A common stock under its at-the-market equity offering program, and did not purchase any bitcoin. As of 2/17/2025, we hodl 478,740 BTC acquired for ~$31.1 billion at ~$65,033 per bitcoin.
Since making bitcoin its primary treasury reserve asset in 2020, the company has consistently pursued an aggressive acquisition strategy. Under Saylor’s leadership, Strategy has established itself as the largest publicly traded corporate holder of bitcoin. Market volatility has not altered the company’s approach, as it continues to adhere to its long-term accumulation strategy.
Alongside its bitcoin update, Strategy provided details regarding the redemption of its 2027 Convertible Senior Notes. A notice issued on Jan. 24 confirmed the full redemption of the outstanding $1.05 billion in principal, with completion expected by Feb. 24. By Feb. 14, the company had received conversion requests totaling approximately $857.4 million in principal, leading to the issuance of 6,022,026 shares of its class A common stock.
Saylor, a well-known bitcoin advocate, has maintained a bullish long-term perspective on the cryptocurrency. He has projected that bitcoin could potentially reach $13 million by 2045, with a bull-case estimate of $49 million and a bear-case scenario of $3 million. His confidence in bitcoin as a store of value continues to shape Strategy’s investment strategy, reinforcing its dual role as both a software company and a major institutional bitcoin holder. Saylor’s update came as bitcoin slipped below $96K.
