Michael Saylor’s Strategy bags first Bitcoin purchase under new name
Corporate Bitcoin holder Strategy, formerly known as MicroStrategy, announced its first Bitcoin acquisition since rebranding. The company acquired 7,633 Bitcoin at a price of $97,255 per BTC between February 3 and 9, 2025, bringing its total Bitcoin holdings to 478,740 BTC, accumulated at an average price of $65,033 per BTC. This purchase occurred shortly after the company's rebranding to emphasize its corporate treasury strategy in Bitcoin. As of February 9, 2025, Strategy's year-to-date Bitcoin purchases for the year totaled 32,340 BTC. The firm's Bitcoin yield was reported at 4.1% for the year-to-date period, with 2024's yield initially pegged at 74.3%, higher than expected. After recording a $670 million net loss in Q4 2024, the company adjusted its yield target down to 15% for 2025. The latest Bitcoin buy was financed through proceeds from a convertible notes offering as part of its larger strategy to raise $21 billion in equity and fixed-income securities over three years.
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