Strategy, previously known as MicroStrategy, co-founder Michael Saylor shared the Bitcoin BTCUSD chart indicating a forthcoming BTC acquisition following a week-long pause in purchases.
The company finalized its most recent acquisition on February 10, securing 7,633 Bitcoin, worth more than $742 million at that time. This acquisition increased Strategy’s total holdings to 478,740 BTC.
As per data from SaylorTracker, Strategy’s Bitcoin assets are valued at over $46 billion as of this writing, and the company is currently up 47.7% on their investment.
Saylor has previously revealed that the company plans to enhance its use of “intelligent leverage” in Q1 2025 to finance additional BTC purchases and generate more value for Strategy’s common shareholders, solidifying its position as the largest corporate holder of Bitcoin.
Major corporate and state institutions invest in Strategy
Despite worries regarding the sustainability of the Bitcoin acquisition strategy, significant financial institutions continue to support the company by purchasing shares or fixed-income securities.
An SEC filing dated February 6 revealed that BlackRock, the largest asset manager globally with over $11.6 trillion in assets under management, has increased its stake in Strategy to 5%.
This filing came just a day after MicroStrategy rebranded to Strategy and introduced a Bitcoin-centric marketing strategy to emphasize its core focus.
Currently, 12 U.S. states hold Strategy stock as part of their pension programs or treasury funds, including Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin.
Among these, California’s State Teachers’ Retirement Fund, designated for public school teachers, holds the largest investment, with nearly $83 million in Strategy stock.
Following closely is the California Public Employees Retirement System, which has approximately $76.7 million in Strategy shares.
On February 20, Strategy announced the issuance of a $2 billion convertible note tranche as part of its latest corporate securities offering to facilitate further Bitcoin acquisitions.
