Strategy Buys $2B in Bitcoin, Pushing Holdings to 499K BTC

Strategy, formerly known as MicroStrategy, announced a massive $2 billion Bitcoin purchase on Monday, adding 20,365 BTC to its already record-breaking treasury. The latest acquisition, made at an average price of $97,514 per Bitcoin, reinforces the firm’s aggressive Bitcoin accumulation strategy.

Saylor’s $42B ‘21/21’ Plan in Motion

The purchase was expected after Strategy revealed plans to sell $2 billion in zero-coupon convertible bonds last week. The company explicitly stated it would use the proceeds to acquire more Bitcoin, as part of its “21/21” strategy—a long-term vision to raise $42 billion over three years to expand its Bitcoin holdings.

“Every time Manhattan real estate goes up in value, they issue more debt to develop more real estate,”
— Michael Saylor, CNBC Money Movers (December 2024)

Saylor, the company’s founder and executive chairman, confirmed the closing of the $2 billion bond sale this morning, solidifying Strategy’s position as the largest corporate Bitcoin holder.

Strategy Now Controls 2.4% of Bitcoin’s Supply

With this latest record-breaking purchase, Strategy’s total Bitcoin holdings now stand at 499,096 BTC, valued at approximately $47 billion at current market prices.

This represents nearly 2.4% of Bitcoin’s total supply, far exceeding the holdings of any other publicly traded company.

However, the figure is still far below Saylor’s vision of the U.S. government accumulating 20% of the Bitcoin supply.

Crypto Skeptics Dismiss Saylor’s Grand Vision

Saylor recently suggested that the U.S. could acquire 4-6 million BTC to pay off the entire national debt.

“There is no plausible reason why that claim would be true,”
— David Gerard, Crypto Skeptic & Author, Decrypt Interview

Gerard argues that Saylor’s comments are simply a push for U.S. government-backed Bitcoin price support rather than a viable economic policy.

Market Reacts Poorly to Strategy’s Bitcoin Buy

Despite Strategy’s record-breaking accumulation, the market response was negative:

• MSTR shares fell 2.37% today, extending monthly losses to 17%, trading at $292.06 per share.
• Bitcoin itself slipped 0.8%, currently trading at $94,702—approximately $3,000 below Strategy’s average purchase price from this latest buy.

$14 Billion in Profits—For Now

Despite the short-term stock decline, Strategy’s Bitcoin strategy has proven highly profitable. According to SaylorTracker, the company is currently up more than $14 billion on its Bitcoin investments to date.

Saylor has no plans to slow down, famously stating that he intends to “buy the top forever”—continuing to accumulate BTC regardless of market cycles.

With Strategy’s Bitcoin reserves nearing the 500K mark, investors are watching to see if Saylor’s bold vision continues paying off—or if market pressure will challenge the company’s high-risk strategy.