Business intelligence software company Strategy, formerly known as MicroStrategy, announced a nearly $2 billion Bitcoin purchase on Monday, adding 20,365 Bitcoin to its treasury at an average price of $97,514 per coin.
The move was telegraphed last week when the firm announced its intentions to sell $2 billion of zero-coupon convertible bonds. Strategy said it would use the proceeds to purchase more Bitcoin as part of its “21/21” plan, with the firm intending to raise $42 billion over the next three years to buy more of the largest crypto asset.
Michael Saylor, the company’s founder and executive chairman, announced the closing of the $2 billion convertible notes sale this morning.
Its most recent buy, the largest so far in 2025, brings the firm’s Bitcoin holdings to 499,096, about $47 billion at current prices. That’s nearly 2.4% of the Bitcoin supply—far more than any of its publicly traded peers.
However, that mark falls well below Saylor’s recent suggestion that the United States should scoop up 20% of the supply, adding that owning 4-6 million Bitcoin means the country could “pay off the entire national debt.”
Some are unconvinced of that, however, with author and crypto skeptic David Gerard telling Decrypt last week that there is “no plausible reason” that claim would be true, and adding that Saylor is “advocating for U.S. government price support for Bitcoin and that’s all.”
Regardless of whether or not the United States buys Bitcoin, Saylor indicated that he has no plans of slowing down, previously suggesting he would be “buying the top forever” while likening the purchasing of Bitcoin to that of Manhattan real estate.
“Every time Manhattan real estate goes up in value, they issue more debt to develop more real estate,” Saylor told CNBC Money Movers in December.
The strategy has worked thus far for the firm, which is up more than $14 billion on its Bitcoin purchases to date, according to data from SaylorTracker.
The market did not react positively to the latest Bitcoin purchase, as MSTR is down 2.37% today, extending its losses to 17% in the last month at a share price of $292.06.
Bitcoin itself is down 0.8% in the last 24 hours to $94,702, about $3,000 lower than Strategy’s average price from its latest buy.
Edited by Andrew Hayward
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