Despite the rebrand, it is business as usual for Michael Saylor’s Strategy, as the firm has purchased another $742 million worth of Bitcoin. According to a post to X (formerly Twitter) from the company’s founder, MSTR has purchased a total of 7,633 Bitcoins to add to its growing stash.
After shedding the name MicroStrategy, the firm took a week’s break from its BTC accumulation strategy. Yet they are back and embracing the leading cryptocurrency that has served them so well. Its most recent purchase brings its total holdings to a worth of $46 billion.
JUST IN: Michael Saylor's MicroStrategy buys another 7,633 Bitcoin worth $742 million.
— Watcher.Guru (@WatcherGuru) February 10, 2025
Also Read: Michael Saylor’s MicroStrategy Renames to Strategy
New Name Same Plan: Michael Saylor’s Strategy Buys Another 7,633 Bitcoin
In late 2024, Bitcoin went on a bull run that saw it reach unprecedented heights. The asset broke through $100,000 for the first time in its history. Not only did that see a rush towards adoption, but it proved some of the biggest cryptocurrency defenders in the financial sector right.
Chief among them was Michael Saylor, whose rebranded Strategy has returned to buying up the leading crypto, adding $742 million worth of BTC on Monday. Indeed, it paid $97,255 per BTC in the most recent purchase that saw it add more than 7,600 of the cryptocurrency to its holdings, according to a recent filing.
Also Read: Saylor Proposes $81 Trillion Bitcoin Reserve to Reinvent US Financial System
According to the company, its total stash has reached 478,740 BTC. Moreover, that totals a $46 billion mark as of the filing, with the company paying an average of $65,033 per bitcoin. This is just the latest in what is an ambitious plan to continue acquiring the asset.
The firm has laid out its Bitcoin treasury strategy that is seeking to raise more than $42 billion over the next two years. On February 5th, the company completed a public offering of 7,300,000 preferred shares for $80 per. Indeed, that sale had generated the company $563 million in proceeds, with the company investing more than $31 billion in Bitcoin to date.