According to a Bloomberg report published on February 10, 2025, Michael Saylor-led Bitcoin (BTC) treasury firm Strategy has acquired 7,633 BTC for a total cost of $742.4 million, with an average purchase price of $97,255 per BTC.
Strategy Continues From Where MicroStrategy Left
Strategy, formerly known as MicroStrategy, has made its first Bitcoin purchase since rebranding last week. Resuming its trend of weekly BTC acquisitions that began in late October 2024, the company has added 7,633 BTC, bringing its total holdings to 478,740 BTC.
Sources familiar with the matter indicate that Strategy’s latest Bitcoin purchase occurred between February 3 and February 9. The company’s total BTC holdings are now valued at approximately $31.1 billion, with an average acquisition cost of $65,033 per BTC.
Notably, Strategy has ambitious plans to raise $42 billion in capital by 2027 to finance further BTC acquisitions through at-the-market stock sales and fixed-income securities. In line with this strategy, the company announced in January its intention to liquidate some shares via a preferred stock offering to raise $2 billion in Q1 2025.
It is worth highlighting that Strategy did not have a spectacular Q4 2024, as the company failed to meet its revenue targets. During the Q4 2024 results call on February 5, Saylor said:
We will continue to pursue intelligent leverage via our convertible bond strategies, via our preferred stock strategies, via opportunistic capital markets strategies in order to generate that leverage and that performance for the Bitcoin maxi investors.
The company reported a net loss of $670.8 million in Q4 2024. In addition, it reported an adjusted loss per share of -$3.20 – far worse than analysts’ expectations of -$0.12 per share.
That said, Strategy is projected to turn profitable in Q1 2025 following the adoption of new accounting guidelines requiring firms to report the fair value of BTC holdings on their income statements. The company believes these changes will enhance transparency in its treasury operations.
Following the announcement of today’s Bitcoin purchase, Strategy’s stock (MSTR) has climbed 2.27%, trading at $334.99 at the time of writing. On a year-to-date basis, the stock has gained 15.69%.
Corporations Continue To Stack Bitcoin Despite Price Volatility
Last year, Bitcoin entered six-figures territory for the first time, while it recorded a new all-time high (ATH) of $108,786 earlier this year in January. Despite the digital currency’s perceived high price and recent volatility, companies are not holding back from making it a part of their corporate treasury strategy.
For instance, in January, Japanese investment firm Metaplanet announced plans to raise $745 million to fund future BTC purchases. At press time, BTC trades at $97,439, up 1.1% in the past 24 hours.
