Strategic Company - formerly known as MicroStrategy - announced on Monday that it has purchased an additional 20,356 Bitcoin for nearly $2 billion.
The company, which is listed on the Nasdaq 100 tech index under the ticker (NASDAQ:MSTR), clarified that it sold approximately $1.99 billion in debt, after deducting fees, and used those funds to buy Bitcoin.
The company stated that it completed the offering of its zero-interest convertible senior notes due in 2030, explaining that it intends to use the proceeds for general corporate purposes, including the acquisition of Bitcoin and working capital.
Strategic said it purchased these new Bitcoin units at an average price of approximately $97,514 per Bitcoin, while Bitcoin is currently trading at a price of $95.8 thousand, though it recently traded at around $107,000.
Strategic reported that the total volume of its digital Bitcoin holdings has reached approximately 499,096 Bitcoin as of February 23, 2025.
The total value of Strategic's Bitcoin purchases so far amounts to around $33.1 billion, which was bought at an average price of approximately $66,357 per Bitcoin, including fees and expenses.
At the same time, Strategic clarified that during the period from January 1, 2025, to February 23, 2025, its Bitcoin yield was 6.9%, and Bitcoin gains were 30,702, resulting in the company's gains from Bitcoin amounting to $2.941 billion, based on yesterday's market price of Bitcoin.
