Michael Saylor Just Bought $1.99B in Bitcoin—Is He a Genius or Just Lucky? 🤔💰

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So, here we are, folks! Strategy, that fancy business intelligence firm owned by our dear friend Michael Saylor, has decided to go all-in on Bitcoin. I mean, who needs a savings account when you can just throw $2 billion at a digital coin, right? 💸

They’ve just snagged a whopping 20,356 BTC between February 18 and 23, 2025, with the grand finale happening on February 24. And get this—the average price per Bitcoin was around $97,514. Cash only, because who has time for credit? 🙄

Funded by Convertible Notes Offering

Now, how did they fund this little shopping spree? Oh, just a casual $2 billion from their convertible notes offering that closed on February 21. You know, the usual—35% conversion premium based on their Class A common stock. Because why not make it complicated? 🤷‍♀️

And wait, there’s more! They’ve got an option for initial purchasers to grab an extra $300 million in convertible notes until February 27, 2025. Because who doesn’t love a good option? It’s like a buffet, but for money! 🍽️

Since they decided to embrace Bitcoin back in 2020 (remember when they were just MicroStrategy?), they’ve been on a roll, expanding their BTC reserves like it’s a Black Friday sale. And guess what? They’ve achieved a year-to-date yield of 6.9% on their Bitcoin holdings. Not too shabby, eh? 📈

Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR

— Michael Saylor⚡️ (@saylor) February 24, 2025

So, after this little splurge, Strategy now holds a staggering 499,096 BTC, with an average cost of $66,357 per Bitcoin. Their Bitcoin stash is now worth around $33.1 billion. Just a casual Tuesday, right? 😅

With this kind of holding, they’re still the big cheese in the corporate Bitcoin world. Move over, everyone else! 🧀

Possible Shift in Weekly Purchase Pattern

In their latest press release, Strategy mentioned they didn’t issue any shares last week. This could mean they’re taking a break from their weekly Bitcoin shopping spree. I mean, even the best shoppers need a day off! 🛍️

But let’s not forget, this isn’t the first time they’ve hit the brakes on buying Bitcoin. They paused twice this month after not being able to sell their shares for two rounds. Talk about a rollercoaster! 🎢

Inspiring Institutional Bitcoin Adoption

Meanwhile, Strategy’s early Bitcoin moves have inspired others to jump on the bandwagon. In 2024, Metaplanet, a Tokyo-listed financial services firm, decided to follow in their footsteps. They even called themselves the “MicroStrategy of Japan.” How cute! 🇯🇵

And in Africa, Altvest Capital made headlines as the first company to adopt Bitcoin as a reserve asset. They started with just one BTC—because baby steps, right? 👶

Oh, and let’s not forget about Rumble, a Canadian company that announced its entry into the Bitcoin space in January. Their CEO, Chris Pavlovski, said their first Bitcoin acquisition was just the beginning. So, stay tuned for more crypto drama! 🎬

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2025-02-24 20:08