In a move that continues to fortify Michael Saylor’s commitment to the leading crypto, Michael Saylor’s Strategy has announced a new $2 billion capital plan to buy more Bitcoin. The software technology firm announced the latest plan to offer $2 billion in convertible senior notes, with the funds from the purchase funding a new purchase of Bitcoin. Strategy most recently completed a purchase of $243M in Bitcoin.
JUST IN: Michael Saylor's 'Strategy' to raise $2 billion to purchase more Bitcoin.
— Watcher.Guru (@WatcherGuru) February 18, 2025
Since August 2020, the company has adopted a Bitcoin buying strategy. The asset’s unprecedented performance last year saw the move do wonders for Strategy (MSTR) stock, surging to an all-time high of $473 in November of last year. With BTC expected to have another dominant year in 2025, the company has shown no signs of slowing down its buying habits.
In addition to the convertible senior notes, Strategy also expects to grant to the initial purchasers of the notes an option to purchase, for settlement within a period of five business days from, and including, the date on which the notes are first issued, up to an additional $300 million aggregate principal amount of notes. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Strategy’s option at any time, and from time to time, on or after March 5, 2027.
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On Tuesday, Strategy disclosed that its bitcoin holdings sit at approximately 478,740. Saylor followed up the disclosure by stating Strategy spent $31.1 billion to purchase all of these coins, at an average price of $65,033 per BTC. The Saylor-led firm has said that $6.53 billion worth of shares remain for sale as part of its groundbreaking 21/21 plan. Indeed, the company is seeking a $21 billion equity offering and a $21 billion fixed-income securities capital raise. Subsequently, it would target a total Bitcoin acquisition worth more than $42 billion.
Furthermore, Strategy will be discussing the proposed convertible notes offering on a live Video Webinar on Wednesday, February 19.