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The stock performance of MicroStrategy, a business intelligence company, highlights the difference that adopting the Bitcoin strategy could make for…
The post Data Shows MicroStrageys Bitcoin Strategy is a Template Every Public Traded Firm Should Follow first appeared on The Crypto Basic.
Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency’s largest publicly traded corporate holder. As of September 19, the company reported holding approximately 252,220 Bitcoin, valued at around $15.8 billion. Related Reading: Analyst Predicts A Solana Price Crash To $80 If This Happens The convertible notes issued by MicroStrategy carry an interest rate of 0.625% and will mature in 2028. This marks the fourth time this year that the company has turned to the convertible note market to finance its Bitcoin acquisitions. In conjunction with the new issuance, MicroStrategy is redeeming $500 million of higher-interest 6.125% notes due in 2028, reflecting a strategic shift to lower borrowing costs while expanding its crypto portfolio. Co-founder and Chairman Michael Saylor has played a pivotal role in shaping MicroStrategy’s identity as a cryptocurrency investment vehicle since the company first ventured into Bitcoin in 2020. Under his leadership, the firm has transformed from a traditional enterprise software maker into a de facto crypto hedge fund, demonstrating a bold commitment to digital assets amid market fluctuations. MicroStrategy’s stock has also seen significant gains this year, more than doubling in value and outperforming Bitcoin’s approximately 50% increase over the same period. The latest acquisition follows MicroStrategys earlier purchase of 18,300 Bitcoin, valued at roughly $1.11 billion last week. Bitcoin Price Analysis Following what has been deemed a bullish catalyst, the broader cryptocurrency market has responded positively to the US Federal Reserve’s announcement on Wednesday of a 0.50% basis point rate cut. This decision contributed to the recovery over the past week after Bitcoin’s price retraced to as low as $52,640 on September 6. Bitcoin has managed to reclaim the $63,000 mark, aiming to consolidate above this critical level for the last 24 hours. Market analyst Ali Martinez points out that this price point coincides with Bitcoins 200-day simple moving average (SMA) on its BTC/USDT daily chart, which Martinez identifies as a pivotal threshold for the anticipated bull run in the latter part of the year. Historically, failures to maintain this support level have led to significant corrections, as observed in 2020, 2018, and 2014. Martinez warns that a rejection at this level could signal trouble for Bitcoins future price trajectory. Related Reading: XRP Price Surge Could Hit 9,470% Analyst Predicts $27 Target In Bold Forecast To mitigate the risk of a sharp decline, key support floors have been spotted at $61,700 in the short term, with the $60,000 mark serving as an essential threshold to prevent further price drops. In addition, introducing new liquidity into the market could significantly boost the Bitcoin price, as the Fed’s decision may boost investor confidence in riskier assets such as BTC. A successful break and consolidation above $63,000 could set the stage for a potential challenge of the next resistance level at $64,000 in the coming days. Featured image from DALL-E, chart from TradingView.com
Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor. The company announced on Thursday the acquisition of an additional 11,931 BTC valued at approximately $786.0 million, further solidifying its position as a major institutional holder of the digital asset. MicroStrategy’s Bitcoin Holdings Surge To Nearly $15 Billion MicroStrategy’s Chairman and Co-founder, Michael Saylor, revealed the latest acquisition in a social media post. The company purchased 11,931 Bitcoin between April 27 and June 19, utilizing proceeds from convertible notes and excess cash at an average price of $65,883 per Bitcoin. Notably, the recent purchases increased MicroStrategy’s overall Bitcoin holdings to an impressive 226,331 BTC, acquired at a total cost of $8.3 billion, currently valued at approximately $14.9 billion. Related Reading: Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder Saylor’s interest in Bitcoin dates back to 2020, when he began purchasing the cryptocurrency as a hedge against inflation and an alternative to holding cash. Since then, Bitcoin has experienced substantial growth, appreciating around 600% since Saylor’s initial investments. The recent purchase by MicroStrategy comes at a time when market sentiment towards Bitcoin is mixed. Market intelligence platform Santiment reports that the community is “mainly fearful” or disinterested as Bitcoin’s price hovers between $64,000 and $65,000. However, Santiment suggests that BTC trader fatigue, combined with whale accumulation exemplified by MicroStrategy’s latest acquisition, often leads to price bounces that reward the patient, as seen in the image above. BTCs Cycle Top To Reach New Heights Despite the current mixed sentiment in the market, most experts and analysts are forecasting a cycle top for Bitcoin beyond the current all-time highs. Market analyst Crypto Con recently used Fibonacci retracements to forecast conservative and less conservative potential cycle top targets. According to Crypto Cons analysis, the .618 Fibonacci retracement level has proven reliable for previous Bitcoin cycle tops. Extension levels can be derived by retracing from the cycle bottom to the top of the first move. The cycle tops of 2013 and 2017 were predicted at 4.618, while the 2021 top was forecasted at the 5.618 level. For the current cycle, the conservative target for the cycle top is $106,000, while the less conservative target stands at $161,000, according to Crypto Con. Related Reading: SEC Drama Fuels XRP Rally: Open Interest Skyrockets Adding to the positive sentiment, wealth management firm Bernstein has made bold predictions for Bitcoin’s future price trajectory. Despite arguments from bears that the Bitcoin ETF trade is over and early allocations were driven by retail investors, Bernstein holds a different viewpoint. The firm emphasizes that Bitcoin ETFs are on the verge of approvals at major wirehouses and large private bank platforms in this year’s third or fourth quarter. These potential approvals and institutional interest act as a catalyst for adoption. Bernstein expects Bitcoin to reach a cycle high of approximately $200,000 by 2025, $500,000 by 2029, and an impressive $1 million by 2033. The firm asserts that institutional investors are evaluating “net long” positions, indicating a growing interest in the cryptocurrency. At the time of writing, BTC has limited its losses in the 7-day time frame to 3.6%, resulting in a current trading price of $65,170 for the largest cryptocurrency on the market. Featured image from DALL-E, chart from TradingView.com
Strategy, formerly known as MicroStrategy, has confirmed another addition to its growing Bitcoin reserves, acquiring 1,895 BTC for $180.3 million. This latest acquisition pushes the company's total holdings to 555,450 BTC. Chairman Michael Saylor highlighted the purchase through a post on X.https://twitter.com/saylor/status/1919362210804990383Latest Acquisition Follows $1.4 Billion Bitcoin BuyNotably, this $180 million acquisition is modest compared to last weeks $1.4 billion purchase. Still, it fits into the companys consistent pattern of strategic buying. Since its inception of Bitcoin purchases, Strategy has significantly ramped up its buying activity, especially following the U.S. 2024 elections. At an average purchase price of $68,550 per BTC, the company has now invested approximately $38.08 billion in Bitcoin. With the market price of Bitcoin currently exceeding $94,000, Strategy holds an unrealized profit estimated at more than $14 billion.The timing of the latest purchase aligns with the companys ongoing capital deployment plan. Just days prior, Strategy unveiled a $42 billion funding program. This initiative includes a $21 billion common stock issuance and an additional $21 billion through fixed-income instruments. The funds aim to expand Bitcoin holdings and increase yield targets throughout 2025.Saylor Signals Continued Accumulation StrategyWhile no longer CEO, Michael Saylor continues to play a visible role in Strategys direction. On Sunday, he hinted at the upcoming buy by pointing to a chart on SaylorTracker, noting the lack of "orange dots" used to represent BTC purchases. His messaging comes amid comments reiterating his belief in persistent and large-scale acquisitions. He recently stated plans to continue purchasing even if Bitcoin reaches a price of $1 million per coin. https://twitter.com/coinbureau/status/1919314657757495319According to Saylor, acquisitions could scale to $1 billion per day depending on market conditions and availability.Future Approach as Liquidity Concerns EmergeThis posture toward aggressive acquisition has prompted industry discussions about the future of Bitcoin supply. Richard Byworth, a partner at Syz Capital and adviser to Jan3, speculated on whether Saylors current acquisition method would remain viable if supply tightens significantly. He proposed that the company could consider acquiring firms and using their treasury assets for future Bitcoin purchases. This approach, he noted, might offer a more efficient path in a scenario where OTC liquidity dries up.
Leading business intelligence company Strategy (formerly MicroStrategy) announces plans to raise an additional $2.1 billion to grow its Bitcoin holdings. In a press release today, Strategy unveiled plans to raise $2.1 billion by selling shares of its 10% Series A Perpetual Strife Preferred Stock (STRF). The Crypto Basic also confirmed the development in an X post today.https://twitter.com/thecryptobasic/status/1925543917212021007Strategy Enters New Sales Agreement Consequently, on May 22, Strategy entered into a sales agreement with Barclays Capital, The Benchmark Company, and TD Securities. These financial institutions will be the sales agents for Strategys STRF offering. According to a prospectus filing, these agents will execute the sale on behalf of Strategy in a disciplined manner over an extended period. This indicates that they will closely watch the stocks price and trading volume and only issue it under favorable conditions. STRF, which trades on the Nasdaq exchange, was worth $100.65 per share as of yesterday, May 21. While the agents are not required to meet any minimum sales goals, the Strategy aims to raise $2.1 billion via the offering. Plans to Buy More Bitcoins 2% of the gross proceeds will be paid to the sales agentsTD Securities, Barclays, and the Benchmark Company. The remaining proceeds will be channeled to general corporate purposes, including acquiring additional Bitcoins and other routine expenses. It has become common for Strategy to fund its Bitcoin purchases using proceeds raised through the sales of its stocks. Through this effort, Strategy has grown its Bitcoin holdings to 576,230 BTC. Strategys Bitcoin holdings represent 2.9% of BTCs circulating supply, which currently stands at 19.86 million coins. Strategy has been buying Bitcoin since August 2020 and is still poised to acquire more through the issuance of its STRF shares. The company has remained resilient in growing its Bitcoin stash despite reporting a Q1 2025 loss of $4.2 billion after adopting a new accounting method. Notably, the STRF offering is part of Strategy's latest fundraising plan, which was recently unveiled. Strategy aims to raise $42 billion to fund more Bitcoin buys by issuing $21 billion worth of fixed income and another $21 billion in common shares. Bitcoin Soars to New ATH Meanwhile, the timing of the latest offering comes hours after Bitcoin registered a new all-time high (ATH). The premier cryptocurrency set an ATH of $111,861 in the early hours of today. Although Bitcoin has retraced slightly to around $110,000, the firstborn crypto is still up 3.68% in the past 24 hours, 8.9% in the past week, and 22.72% in 30 days. At the moment, Bitcoin is changing hands at $110,859, boasting a market cap of $2.2 billion.
Pomerantz LLP has filed a class action against Strategy (formerly MicroStrategy) and its executives over the companys Bitcoin investments and related financial disclosures. The New York law firm recently filed the class action in the U.S. District Court for the Eastern District of Virginia. Notably, the plaintiffs include investors who acquired Strategy stock between April 30, 2024, and April 4, 2025. The class action alleged that Strategy violated federal securities laws and hopes to pursue remedies on behalf of investors under Sections 10 (b) and 20 (a) of the Securities and Exchange Act. Allegations Against Strategy According to the complaint, Strategy misled investors during the class period by changing its accounting practices without adequately disclosing the implications. It noted the company has accumulated and held Bitcoin since 2020 as part of its long-term strategy. The complaint states that Strategy financed its Bitcoin purchases using cash reserves, as well as proceeds from equity and debt financing. It also notes that the company has referred to itself as a "Bitcoin Treasury Company."In support of this strategy, Strategy introduced new key performance indicators (KPIs), including BTC Gain, BTC Yield, and BTC $ Gain, to help investors evaluate the performance of its Bitcoin holdings.Change in Accounting Model Meanwhile, on January 1, 2025, Strategy adopted the FASBs Accounting Standards Update (ASU 2023-08), which requires companies to record their cryptocurrency holdings at fair value in financial statements.Previously, Strategy used a cost-less-impairment accounting model, under which Bitcoin impairments were recorded only when the assets price fell. Unrealized gains were not recognized unless the assets were sold.The plaintiffs argue that Strategy failed to adequately warn investors about the new accounting model's risks and overstated its profitability under the fair-value approach.In addition, the complaint alleged that Strategy understated the potential losses it might record on its Bitcoin holdings under fair-value accounting. According to the plaintiffs, investors suffered significant losses after Strategy announced an unrealized loss of $5.91 billion in Q1 2025. As a result, the price of its common A stock crashed 8.67%, or $25.47 per share, to $268.14 on April 7. According to the complaint, the company later admitted in a public statement that the $5.9 billion net loss stemmed directly from applying the fair-value accounting standard on its Bitcoin holdings. Consequently, Pomerantz is seeking to recover damages on behalf of affected investors.Strategy Buys More BitcoinMeanwhile, Strategy seems unbothered by the class action as it announces the acquisition of 7,390 BTC worth $764.9 million. The company made the disclosure today in a filing submitted with the U.S. SEC. At press time, the company holds 576,230 BTC acquired for $40.18 billion, each costing $69,726. With Bitcoin currently trading at $103,745, Strategy's Bitcoin stash is valued at $59.78 billion.https://twitter.com/Strategy/status/1924435820947058877
At least 14 U.S. state public retirement and pension funds now collectively hold $632 million in MicroStrategy (MSTR) stock, a company best known for its large Bitcoin treasury.The data, compiled by Julian Fahrer, founder of Bitcoin Laws, highlights a strong quarterly increase of $302 million, underscoring the expanding role of Bitcoin-linked equities in government portfolios.MicroStrategy as a Gateway to BitcoinMicroStrategy (now rebranded as Strategy) has become widely recognized as a proxy for Bitcoin exposure due to its long-term strategy of acquiring and holding BTC on its balance sheet. For public funds seeking indirect exposure to Bitcoin without holding the asset directly, MSTR has emerged as a preferred vehicle.In Q1 2025, the combined investment from these 14 states reflects a growing appetite for Bitcoin-aligned equities. On average, the state funds increased their position size in MSTR by 44% compared to the previous quarter.California, Florida, and Wisconsin Lead the PackCalifornia led the group with the largest total holdings. The State Teachers Retirement System and the Public Employees Retirement System held a combined 694,119 shares, worth over $276 million.Florida followed with 221,860 shares worth approximately $88 million, while Wisconsin held 127,528 shares, totaling $51 million in exposure. Other notable holdings include: North Carolina: 107,925 shares ($43 million) Ohio: 80,381 shares ($32 million) Texas: 72,595 shares ($29 million)Fastest Growing PositionsMeanwhile, Utahs Retirement Systems reported the most aggressive quarterly increase, with holdings surging 184% to 25,287 shares. Colorado also showed notable growth with a 67% jump in shares, followed by Florida (38%), Texas (33%), and Louisiana (30%).Other states that reported an increase in their exposure include Arizona, Maryland, and New Jersey. The overall trend confirms broader acceptance of Bitcoin-aligned investment strategies.`Spreadsheet showing U.S. state exposure to Bitcoin MSTR by Julian FahrerInterestingly, some of these states are pursuing legislation to permit the investment of state funds directly in Bitcoin and strategic BTC reserves. Notably, data from Bitcoin Laws shows that 47 crypto-related bills have been introduced across 26 U.S. states, with 37 currently active.Some, like New Hampshire, have achieved success. Governor Kelly Ayotte signed into law earlier this month a bill permitting up to 5% of the state treasury to be invested in Bitcoin. However, in states like Florida, similar initiatives have failed.Others, like Arizona, are seeing partial success, with support for unclaimed asset applications but rejection of state treasury investment in Bitcoin.Bitcoin Exposure by Proxy Becoming MainstreamDespite the cautious approach still prevalent among many states, this influx of state-managed public funds into MSTR signals a new level of Bitcoin adoption among institutional and government-managed entities.While direct crypto ownership by these entities remains rare, the strategic use of Bitcoin-aligned equities offers a regulatory-compliant and familiar method for gaining exposure.
Renowned Bitcoin firm Strategy is maintaining its weekly BTC acquisition strategy, announcing a fresh billion-dollar purchase today.Specifically, Strategy has added 13,390 BTC tokens worth $1.34 billion to its expansive Bitcoin portfolio. The acquisition came at an average cost of $99,856 per coin. Following this latest addition, Strategy now holds a massive Bitcoin war chest totaling 568,840 BTC tokens.Notably, the firm's Bitcoin portfolio accounts for 2.864% of BTC's circulating supply. This sizable holding further strengthens its position as the largest corporation with Bitcoin on its balance sheet.While Bitcoin is trading above $103,300, Strategys average purchase price of $99,856 suggests the acquisition occurred several days ago, prior to today's public disclosure by Michael Saylor, the company's chairman.https://twitter.com/saylor/status/1921898712801874273Continued Bitcoin AcquisitionStrategy, formerly known as MicroStrategy, has been accumulating BTC since September 2020. During this period, the firm mostly followed a monthly purchasing schedule until the last quarter of 2024, when it transitioned to primarily weekly acquisitions.Last week, it announced the purchase of 1,895 BTC worth $180.3 million at an average cost of $95,167. This week, the company disclosed an acquisition over seven times larger, committing more than $1 billion.Strategy's largest single Bitcoin purchase was announced on November 25, 2024, when it took custody of 55,500 BTC tokens worth $5.4 billion at the time.To date, Strategy has invested $39.41 billion in Bitcoin over the past four years. With the overall portfolio now valued at $58.82 billion, based on BTCs current price above $103,000, the company is sitting on an unrealized profit of $19.39 billion.Notably, the company funded the latest purchase of 13,390 BTC using proceeds from its ongoing $42 billion at-the-market (ATM) equity offerings, which include both common stock (MSTR) and preferred stock (STRK).Critics Warn of Market RiskWhile the companys bold strategy of raising capital through ATM offerings to purchase Bitcoin has earned praise, critics are also expressing concern. In response to the latest move, long-time Bitcoin skeptic Peter Schiff remarked that Strategys next buy could push its average cost above $70,000 per coin.Schiff warned that a significant downturn in Bitcoin could send its market price below Strategys average cost basis. He argued this could be problematic, given how much the company has borrowed to accumulate Bitcoin. When Saylor sells, Schiff cautioned, small paper losses will become huge real losses.However, Strategy founder Michael Saylor has made it clear he has no plans to sell. He previously stated that he would continue buying Bitcoin, even if the price climbs to $1 million per coin.
Strategy is back in the headlines after splashing massive cash to secure a new batch of Bitcoin tokens for the second consecutive week.The business intelligence-turned-Bitcoin development firm went shopping again in the previous week, its executive chairman, Michael Saylor, disclosed. In a tweet today, he confirmed that Strategy (formerly MicroStrategy) had acquired 15,355 BTC, worth $1.42 billion.Strategys acquisition adds to its recent weekly and monthly streak, following a persistent double-down on Bitcoin. The firm has now acquired Bitcoin for the second week in a row and the third time in the past five weeks.Strategy Loves a Bitcoin PurchaseMeanwhile, Saylor disclosed that it acquired the fresh rounds of 15,355 BTC at an average price of $92,737 per coin, bringing its dollar-cost-averaged (DCA) Bitcoin cost to $68,459. Furthermore, todays acquisition, which was expected following Saylors "green dot" tweet on Sunday, expands the depth of Strategys Bitcoin holdings to 553,555 BTC ($52 billion).Interestingly, the self-acclaimed Bitcoin Treasury company further extends its position as the largest public firm holding the pioneering cryptocurrency. For context, it now holds second-place Marathon Digital by 505,955 BTC and third-place Twenty One Capital by 522,055 BTC, data from BitcoinTreasuries shows.Remarkably, Strategy noted in the Monday acquisition announcement that its BTC yield now stands at 13.7% year-to-date, as its Bitcoin bet continues to pay off. Further analysis reveals that the firm spent $37.90 billion to acquire the stash, with its current valuation of $52 billion resulting in an unrealized profit of $14 billion.Strategy Acquiring Bitcoin at Unreal PaceMeanwhile, last weeks 15,355 BTC ($1.42 billion) acquisition further confirms a pattern noted by verified CryptoQuant contributor J.A. Maartunn. In a Monday tweet, he stressed that Strategy has always gone big on their acquisitions at the end of the month, as seen in the last three purchases.https://twitter.com/JA_Maartun/status/1916845581407838608For perspective, Strategy bought 20,365 BTC ($1.99 billion) and 22,048 BTC ($1.92 billion) in the last weeks of February and March, with todays acquisition strengthening the argument. Meanwhile, in between the hefty Bitcoin buys, Strategy never acquired more than 7,000 BTC, further supporting the analysts theory.Strategy's Bitcoin Acquisition ChartRemarkably, Adam Livingston recently stressed the impact of Strategys incessant Bitcoin acquisition in a Sunday commentary. The Bitcoin Age and The Great Harvest author highlighted that the business development firm is synthetically halving Bitcoin with its unrealized accruals.https://twitter.com/AdamBLiv/status/1916482436671689074While miners produce 450 BTC per day and 13,500 BTC per month following the 2024 halving, Strategy has been acquiring a chunk of these new bitcoins, synthetically reducing the supply. The analyst stressed that if this continues, Strategy would be inducing halving manually and spurring a supply shock.
Strategy (formerly known as MicroStrategy) has added 6,556 Bitcoin (BTC) to its balance sheet, spending a total of $555.8 million for the new acquisition. The purchase was funded by proceeds from the companys two at-the-market (ATM) stock offerings. According to a regulatory filing, Strategy sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series, STRK, between April 14 and April 20. The common stock sale raised $547.7 million, while the preferred shares generated $7.8 million.Total Bitcoin Holdings Now at 538,200 BTCWith this latest purchase, Strategys total Bitcoin holdings have increased to 538,200 BTC, acquired at an average price of $67,766 per coin. The firms move to bolster its Bitcoin position follows a pattern of frequent buys since Michael Saylor, the companys executive chairman, led the charge for significant Bitcoin purchases. The most recent purchase happened on April 14, when the firm bought 3,459 BTC, resuming its purchases after a 7-day stay.Bitcoin Performance and Strategys GainsNotably, the companys Bitcoin holdings have yielded notable returns. For the quarter-to-date (QTD), Bitcoin has generated a 1% yield. Since the beginning of the year, Bitcoin has produced a 12.1% yield for Strategy, contributing to a significant $455 million gain from 5,209 BTC accumulated during the current quarter. Furthermore, Bitcoins gains for the year-to-date (YTD) have reached $4.72 billion, a positive reflection of the assets performance so far in 2025.Strategy Bitcoin PortfolioCriticism Surrounds Strategys Bitcoin StrategyDespite the positive performance, the companys ongoing Bitcoin acquisition strategy has drawn criticism. Well-known crypto critic Peter Schiff warned that Strategys continued Bitcoin purchases could eventually lead to losses. Schiff noted that as the company acquires more Bitcoin, its average purchase cost increases, especially if Bitcoins price declines. He pointed out that the company still has a "paper gain" of around 25% on its holdings but suggested that a further drop in Bitcoins value could result in the companys average BTC purchase cost exceeding the market price. If this occurs, Strategy could hold its Bitcoin position at a loss, as the market value of its holdings would be lower than the amount paid.
Renowned crypto critic Peter Schiff has criticized Strategys Bitcoin accumulation spree and predicted that the company will soon experience losses on its BTC holdings. Schiff made the assertion today after Strategys chairman, Michael Saylor, announced the companys latest Bitcoin acquisition. Strategy Acquires 3,459 BTC In an X post today, Strategy announced that it acquired 3,459 BTC for $285.8 million. This implies that Strategy spent an average of $82,618 per BTC for this acquisition.Notably, the company purchased all 3,459 BTC in one week, from April 7 to 13, 2025. With the latest move, Strategy further solidified its position as the biggest corporate Bitcoin holder, with a total holding of 531,644 BTC. Saylor revealed that the total acquisition cost was $35.82 billion, resulting in an average price of $67,556 per BTC. At the current price of $84,555, Strategys Bitcoin portfolio is valued at $44.95 billion, marking a return of $9.13 billion. Schiff Predicts Imminent Loss for Strategy Meanwhile, Strategys latest Bitcoin purchase attracted mixed reactions from financial experts, with Schiff criticizing the move. The American stockbroker highlighted what he considers a big problem regarding Strategys continued BTC acquisition. Schiff suggested that as Strategy buys more Bitcoin, its average purchase cost rises as BTCs price declines. At the time of the post, Schiff noted that the Strategy still has a "paper gain" of about 25%. However, he warns that if the price of Bitcoin continues to plunge, Strategys overall average BTC cost will surpass the market price. If this happens, the Bitcoin critic stated that Strategys entire BTC position would be held at a loss as the market value would be less than what the company paid for. Schiffs warnings come as Bitcoin recovers from last weeks collapse, which pushed it downward to around $74,000. Despite the recovery, Bitcoin is still 22.5% below its all-time high (ATH) of $109,114, recorded on January 20, 2025. Schiff Calls Saylor the Egg Man Meanwhile, Schiff has been a vocal critic of Bitcoin, referring to the asset as a digital risk. He has slammed companies like Strategy for their Bitcoin buying spree, which he suggests could end in regret. In November, he called Saylor the egg man shortly after the Strategy announced plans to raise $42 billion for more BTC purchases. The egg man is a cautionary tale about how a client aggressively purchased egg futures contracts, raising the price to a lofty target of $1.75 from an opening price of $0.25. Following this hefty surge, the client attempted to sell his egg futures contracts only to learn from his broker that he had been the only one buying the asset, making him the egg man. Interestingly, Saylor and Strategy have often ignored Schiffs criticisms as they continue to acquire more BTC. The Strategy executive chairman remains confident in Bitcoin, predicting that the premier asset will eventually hit a market cap of $500 trillion.
Samson Mow, CEO of JAN3, has responded to growing criticism over Strategys Bitcoin purchase price.The criticism intensified following Strategy's acquisition of 22,048 BTC for roughly $1.92 billion at an average price of $86,969 per Bitcoin. Mow took to the X platform to argue that the focus on the purchase price is misplaced.He emphasized that whether the price is $86,969 or $82,000 is irrelevant in the grand scheme of things. Mow compared the situation to the past, noting that no one questions the decision to buy Bitcoin at $8,600 rather than $8,200, illustrating that such price differences are trivial in the larger context. https://twitter.com/Excellion/status/1906802917639909778Strategys Bitcoin Holdings As of the latest purchase reported on March 31, Strategy's Bitcoin holdings reached a staggering 528,185 BTC. The firm has committed around $35.63 billion at an average price of $67,458 per Bitcoin to acquire this portfolio. This latest acquisition follows the company's purchase of 6,911 BTC for $584.1 million, which raised its total Bitcoin holdings above 500,000 BTC. Strategys Bitcoin yield has also seen positive results, with an 11.0% yield year-to-date in 2025. This performance is notable since the Bitcoin price has been fluctuating in recent weeks, even touching $77,000 around mid-March.Funding the Bitcoin StrategyIts also worth noting that Strategy funded its Bitcoin acquisitions through various stock offerings. They include Class A Common Stock (MSTR), Perpetual Strike Preferred Stock (STRK), and Strife Preferred Stock (STRF). The company continues to explore additional stock issuances to finance its future Bitcoin purchases. On March 25, 2025, Strategy offered 8.5 million units of STRF stock and raised $722.5 million. A portion of these funds went toward further Bitcoin acquisitions.
Strategys executive chairman, Michael Saylor, congratulates leading stablecoin issuer Tether for acquiring 8,888 Bitcoin in Q1 2025. To mark the end of Q1 2025, Tether purchased 8,888 BTC for about $735 million. The transaction occurred yesterday, March 31, 2025, at 21:58 (UTC). It increased the firms total Bitcoin holdings to 92,646 BTC. The dollar equivalent of Tethers Bitcoin holdings is $7.75 billion. Tethers Bitcoin Holdings Notably, the latest acquisition aligns with Tethers strategy of acquiring Bitcoin quarterly using a portion of its net profit. After each acquisition, Tether usually moves the funds to its reserve wallet at the end of each quarter. Following the latest transaction, Tethers reserve wallet ranks in the sixth position among the Top 100 Richest Bitcoin addresses. This indicates that the Tether address is the sixth largest in terms of the amount of BTC held by a single blockchain wallet. For context, Tether made its first Bitcoin purchase in September 2022. Ever since, it has embarked on a Bitcoin accumulation spree, committing 15% of its net profits to purchase BTC quarterly. Saylor Congratulates Tether Interestingly, Tethers latest Bitcoin purchase attracted the attention of Strategys executive chairman, who congratulated the stablecoin issuer. Congratulations [to Tether on acquiring] 8,888 bitcoin in Q1, Saylor remarked. The commentary suggests that Saylor considers Tethers purchase of 8,888 BTC as a significant development worthy of recognition. https://twitter.com/paoloardoino/status/1907046212961804291Strategys Bitcoin Acquisition It is no longer news that Saylor is a major advocate for the corporate adoption of Bitcoin. He led Strategy (formerly MicroStrategy) to acquire Bitcoin for its treasury. Since the companys first purchase in August 2020, it has grown its total Bitcoin holdings to 528,185, currently worth $44.18 billion. Strategy acquired 81,785 BTC in Q1 2025 across nine transactions. Its most recent purchase occurred on March 31, acquiring 22,048 BTC for $1.92 billion. Unlike Tether, which uses 15% of its net profits to purchase BTC, Strategy finances its Bitcoin acquisition with proceeds from its stock offerings, such as MSTR, STRK, and STRF. The firm has remained confident in its Bitcoin acquisition initiative, with Saylor believing that BTC would eventually reach a market cap of $500 trillion. This represents a surge of 30,020% from the current valuation of $1.66 trillion. Achieving this milestone could raise Bitcoins price to $23.81 million from its current value of $83,700.
Leading business intelligence firm Strategy has grown its Bitcoin holdings by splashing nearly $2 billion to purchase an additional 22,048 BTC. Michael Saylor, Strategys executive chairman, announced the companys latest Bitcoin acquisition in a tweet today. https://twitter.com/saylor/status/1906678678714556632Latest PurchaseAccording to the announcement, Strategy spent $1.92 billion to purchase 22,048 BTC. The company acquired each BTC for an aggregate cost of $86,969, including the transaction fees and other expenses relating to the acquisition. Notably, it made the purchase last week, from March 24 to March 30, 2025. Strategy funded the Bitcoin purchase using the proceeds from its offerings of Class A Common Stock (MSTR), Perpetual Strike Preferred Stock (STRK), and Strife Preferred Stock (STRF). Strategys Bitcoin Holding Following the latest acquisition, Strategy holds a total of 528,185 BTC at press time, further positioning itself as the worlds largest corporate Bitcoin holder. It acquired the Bitcoins at a cumulative cost of $35.63 billion, each costing about $67,458. However, the value of Strategys Bitcoin portfolio has grown significantly. With Bitcoin currently trading at $82,655, Strategys Bitcoin holding is worth approximately $43.66 billion. This suggests that the company is currently sitting on a profit of about $8.03 billion. Furthermore, Strategys BTC yield is up 11% since the beginning of the year. This indicates that the value of Strategys Bitcoin stash has surged by 11% this year alone despite the market witnessing massive turbulence within this timeframe. Bitcoin Buying Spree The latest purchase comes a week after Strategy acquired 6,911 BTC for $584.1 million, taking its total Bitcoin holdings above the 500,000 mark. Despite holding a substantial amount of about 528,185 BTC, Strategy does not plan to slow down on its acquisition spree. The company remains open to issuing more stock to fund additional Bitcoin purchases in the future. On March 25, 2025, it commenced the sale of 8.5 million units of STRF stocks. At the time, Strategy disclosed that it intends to raise $722.5 million, with parts of the proceeds used to purchase more BTC. Strategys continued purchase of Bitcoin reflects its confidence in the premier asset, which Saylor believes will eventually reach a market cap of $500 trillion.
Bitcoin company Strategy (formerly MicroStrategy) has launched its Strife perpetual preferred stock (STRF) today on Nasdaq.Chairman Michael Saylor confirmed this milestone in a post on X, announcing that STRF has begun trading. The announcement highlighted the unique investment opportunity presented by the new offering. Specifically, STRF provides USD yield for STRF investors and Bitcoin yield for MSTR investors.https://twitter.com/saylor/status/1904866572432244760Key Features of STRF Preferred StockFor context, Strategy launched STRF last week as a new perpetual preferred stock offering for institutional and select non-institutional investors. The stock pays a 10% annual dividend, with the first payment scheduled for June 30, 2025. This will provide STRF investors with a predictable return in USD.If dividends are unpaid, they will accumulate with compounded interest, increasing by 100 basis points each period, up to 18% per year.Notably, the STRF offering initially included 5 million shares of Series A Perpetual Strife Preferred Stock. However, in a subsequent update, the company announced an offering of 8.5 million shares.Proceeds Supporting Bitcoin AcquisitionsStrategy disclosed that it will use the net proceeds from the STRF offering, which raised approximately $711.2 million, for general corporate purposes, including the acquisition of Bitcoin. This move reflects the company's ongoing commitment to expanding its Bitcoin holdings.Indeed, the firm followed through with the disclosure as it consolidated its Bitcoin position days later. Specifically, Strategy bought 6,911 BTC tokens for $584 million on Monday. This latest acquisition brought its total BTC holdings to surpass the 500K milestone, with a total portfolio of 506,137 BTC.Notably, the company acquired this massive Bitcoin war chest with a cumulative investment of $33.7 billion, following a four-year-long acquisition spree. This is equivalent to an average of $66,608 per BTC. Meanwhile, Bitcoin's prevailing market value is $87,500. As a result, the company is sitting on an unrealized profit of approximately $10.3 billion.Strategy to Continue Buying BitcoinStrategy is showing no signs of slowing down its Bitcoin acquisitions. Jesse Myers, a Stanford MBA holder, remarked that the company's STRF offers a juicy 11.8% annual dividend, while U.S. Treasury bills offer just 4.2%."This is how Saylor will be able to source $3 trillion from the bond market to buy Bitcoin," Myers remarked.
American video electronics and gaming merchandise retailer GameStop is set to add Bitcoin to its balance sheet.Following the success of Strategy, formerly MicroStrategy, more and more firms are jumping on the Bitcoin treasury strategy bandwagon. The latest to confirm plans to do so is the popular video game retailer GameStop.An Investment Policy Update to Welcome BitcoinGameStop is set to add Bitcoin to its balance sheet. The firm disclosed this in an investment policy update released alongside its fourth-quarter earnings report on Tuesday, March 25. Specifically, GameStop asserted that its board had unanimously approved an investment policy update to add Bitcoin as a treasury asset. Its Q4 earnings report further noted that the recent investment policy update also included dollar stablecoins.GameStop policy change to welcome BitcoinGameStop policy change to welcome BitcoinGameStop did not disclose how much of its cash reserve it intended to invest in Bitcoin. However, the firm reported having $4.75 billion in cash as of February 1.The firms recent investment policy update confirms nearly two months of speculation. GameStop CEO Ryan Cohen first sparked speculation with a photo alongside Strategy Chairman and notorious Bitcoin evangelist Michael Saylor in February 2025. Days later, a CNBC report disclosed that the firm was considering adding Bitcoin and other cryptocurrencies to its balance sheet. In the same month, Cohen also confirmed receipt of a letter from the asset management firm Strive, urging GameStop to use most of its cash reserves to buy Bitcoin.Following Tuesday's update, Strategy's Saylor took to X to welcome Cohen and GameStop to team Bitcoin.https://twitter.com/saylor/status/1904656304200962239GameStop's share price is up 11% pre-market, trading as high as $28 in response to its Bitcoin strategy pivot.
Leading business intelligence company Strategy acquires additional Bitcoin, bringing its total BTC holding above the 500,000 milestone. The company made this known in a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC). Michael Saylor, Strategys Executive Chairman, also provided insight into the latest Bitcoin acquisition. https://twitter.com/saylor/status/1904142379646415203Latest Bitcoin Acquisition According to the update, Strategy splashed a whopping $584.1 million to acquire 6,911 BTC. The company acquired all 6,911 BTC in less than a week, from March 17 - 23, 2025. It purchased each BTC at an average cost of $84,529, which includes fees and other expenses. Notably, Strategy funded its latest Bitcoin purchase using the proceeds from its latest offerings of Class A Common Stock (MSTR) and Series A Perpetual Strike (STRK). During the Bitcoin acquisition period (March 17 - 23), Strategy raised $592.6 million through the sale of 1,975,000 MSTR shares and another $1.1 million from the sale of 13,100 STRK shares. Strategy Bitcoin Holding As part of its commitment to grow its Bitcoin holdings, Strategy used the proceeds to acquire 6,911 BTC at an average cost of $84,529 BTC. The company suggested that each BTC cost more than its previous purchases. Nonetheless, it has recorded a BTC yield of 7.7% since the beginning of the year. Following the latest Bitcoin acquisition, Strategy now holds a total of 506,137 BTC, cementing its position as the largest corporate Bitcoin holder. Per the filing, the aggregate cost of Strategys Bitcoin portfolio is $33.7 billion. This suggests that each BTC was acquired at an average price of $66,608, including expenses like fees. With Bitcoin currently trading at $87,285, Strategys Bitcoin stash is worth about $44.18 billion. This indicates that Strategy has amassed a profit of $10.48 billion via its Bitcoin investment. Expectedly, Bitcoin has since reacted positively to the announcement, with the asset soaring 2.48% over the past 24 hours to $87,285. In the meantime, Strategy does not plan to slow down on its Bitcoin acquisition spree, as it wishes to raise another $710 million by offering 8.5 million STRK shares. As previously reported, the sale will commence tomorrow, March 25, with the proceeds used to buy more BTC.
Strategy, the largest corporate Bitcoin holder, seeks to raise over $710 million through the issuance of high-yield preferred stock to expand its BTC holdings. In a press release today, Strategy (formerly MicroStrategy) unveiled the pricing for its Strife Perpetual Preferred Stock ($STRF) offering. According to the announcement, the firm will offer 8.5 million of its 10% Series A STRF later this month, each sold at $85. Notably, Strategy scheduled the sale of these shares for March 25, 2025, subject to standard closing conditions. Before this announcement, the initial target proceeds were $500 million. However, it has made some adjustments, raising the target to $722.5 million. https://twitter.com/saylor/status/1903054771554075094Following tax and other expense deductions, the company is expected to net about $711.2 million. Per the announcement, Strategy will utilize the proceeds for general corporate purposes, including expanding its Bitcoin portfolio. If Strategy decides to buy Bitcoin using the entire net proceeds, it will acquire 8,467 BTC at the current exchange rate of $83,990 per BTC. STRF Dividends Meanwhile, holders of the STRF stock will receive cumulative dividends at an annual fixed rate of 10%, calculated based on $100 per share, according to the press release. The company intends to pay dividends by the end of each quarter, starting June 30, 2025, so long as the board declares them. However, if dividends are unpaid as scheduled, it will generate additional proceeds with a per annum increase of 1%, up to a maximum of 18%. Furthermore, the announcement identified financial institutions such as Citigroup, Morgan Stanley, SG Americas Securities, and Barclays Capital as joint-book running managers of the offering.Financial institutions like Bancroft Capital, AmeriVet Securities, The Benchmark Company, and BTIG will also serve as co-managers of the offering.Strategy Bitcoin Accumulation Efforts Strategy offers different debt instruments to raise funds to finance its Bitcoin purchase. The company has been utilizing this strategy to grow its Bitcoin holdings since initiating its first BTC purchase in August 2020. At the moment, it has a portfolio containing 499,226 BTC, valued at approximately $41.93 billion.Notably, the latest offer aligns with its efforts to raise $42 billion over the next three years under a 21/21 plan to fund future Bitcoin purchases. The plan, introduced last year, aims to generate the $42 billion through the sales of $21 billion in equity and fixed-income instruments worth $21 billion. As of early January, Strategy had already raised $7.5 billion through the initiative.
As Bitcoin (BTC) continues its unprecedented uptrend, surging to a new all-time high (ATH) of $72,300, software company MicroStrategy remains steadfast in its vision. It is reaping substantial rewards from its strategic investment in the largest cryptocurrency in the market. MicroStrategy, led by renowned Bitcoin supporter and former CEO Michael Saylor, recently made a major acquisition, further solidifying its position in the digital asset market. MicroStrategy Bitcoin Investment Pays Off According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy acquired approximately 12,000 BTC between February 26, 2024, and March 10, 2024, for approximately $821.7 million in cash. The average purchase price per Bitcoin was $68,400. Additionally, MicroStrategy recently completed an offering of convertible senior notes due 2030, raising $800 million in funds. With this latest acquisition, MicroStrategy’s Bitcoin holdings now stand at a staggering 205,000 BTC, acquired for $6.9 billion. Related Reading: Record $1 Billion In Shorts Risk Liquidation If Bitcoin Hits This Price MicroStrategy’s stock trades at $1,557, representing a remarkable 9% gain within 24 hours. The company’s shares have demonstrated a sustained and continuous upward trajectory since February 26, coinciding with Bitcoin’s $50,000 consolidation phase breakthrough. Over two weeks, Bitcoin surged to its present trading price, establishing a notable correlation between the leading cryptocurrency and MicroStrategy. This correlation has further solidified the company’s strategy and contributed to its stock’s performance. MicroStrategy’s strategic investment in Bitcoin has yielded remarkable results. The company now boasts a profit of $7.7 billion on its Bitcoin holdings, which translates to a remarkable return of 112% so far as Bitcoin breaks new all-time highs. ETF Expert Astounded By Bitcoin ETF Success The rapid rise of Bitcoin Exchange-Traded Funds (ETFs) has surpassed even the most optimistic projections. Bloomberg ETF expert Eric Balchunas highlighted the growth of these funds in a recent post on social media site X (formerly Twitter). The expert noted that assets under management (AUM) surpassed $55 billion, and trading volume reached an impressive $110 billion. Balchunas acknowledged that achieving such numbers in just two months was nothing short of absurd, far exceeding what would normally be considered successful even at the end of a full year. Related Reading: Crypto Analyst Unveils 7 Memecoins To Turn $1,000 Into $1 Million In addition, in a surprising turn of events for the ETF expert, Blackrock’s IBIT ETF and Fidelity’s FBTC have emerged as the leaders among all ETFs in terms of year-to-date (YTD) flows through the middle of March. This unexpected feat positions these Bitcoin ETF offerings as major players in the ETF market, attracting the attention and interest of investors seeking exposure to the digital asset. Currently, BTC continues its uptrend, aiming to solidify and consolidate above the $70,000 threshold, which would put the cryptocurrency in a good position to reach the $100,000 mark in the rest of the year. Featured image from Shutterstock, chart from TradingView.com
Strategy, formerly MicroStrategy, is gearing up to significantly add to its already outsized Bitcoin stash.On Monday, March 10, Strategy disclosed that it had entered a sales agreement to raise $21 billion by selling 8% of its series A perpetual strike preferred stock STRK. The firm disclosed that the proceeds will be used for general corporate purposes, including buying Bitcoin and for working capital, likely itemized in order of priority judging by the company's precedents.https://twitter.com/saylor/status/1899068491409260639Still, the firm noted that the sale of these preferred stocks will occur over a long period, not all at once.The strike preferred stock, which offers investors regular dividend payments, is one of the most recent capital market tools Strategy has employed to raise capital for Bitcoin purchases. In addition to this strike preferred stock offering, the firm also regularly offers convertible senior notes, which investors can convert to shares in the firm or cash on maturity.The recently announced $21 billion offering is likely part of Strategy's "21/21" plan, which seeks to raise $42 billion through 2027 to acquire more Bitcoin. At the time, the firm disclosed that it intended to raise $21 billion from equity sales and $21 billion from fixed-income securities, including preferred stocks.Since announcing this "21/21" plan in October 2024, Strategy has unveiled fresh Bitcoin purchases almost weekly but has been uncharacteristically quiet in the past two.At the time of writing, the firm holds 499,096 BTC worth $40.7 billion, purchased at an average price of $66,380.42. These holdings are 22.86% (roughly $7.6 billion) in profit as Bitcoin trades near three-month lows below $82,000.Following recent precedent, it won't be surprising to see Strategy announce fresh Bitcoin purchases by Monday, March 17.
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