MicroStrategy Aims for 500,000 BTC, Raises $2 Billion

MicroStrategy, a leading business intelligence firm, has announced plans to raise $2 billion through convertible notes to fund further Bitcoin (BTC) acquisitions. The company aims to boost its BTC holdings to 500,000 coins, which would be a significant milestone in its ongoing cryptocurrency strategy.

MicroStrategy's Bitcoin holdings currently stand at 478,740 BTC, valued at approximately $46.15 billion based on current market prices. The company has been a pioneer in corporate treasury strategies involving Bitcoin, having made five bids totaling over 30,000 BTC in 2025 alone.

The latest plan to raise capital for additional BTC buys would expand the firm's holding to 500,000 BTC before March. However, market sentiment appears undecided on whether this target will be reached. Prediction site Polymarket priced a 53% chance of the firm hitting the $500,000 BTC target by the end of February, down from an 80% spike when the $2 billion raise was announced.

MicroStrategy's stock, MSTR, has seen a 16% decline from late January highs and is currently valued at $333. However, macro analyst Felix Jauvin projected that MicroStrategy's $2 billion capital raise could mark Bitcoin's local bottom. Over the same period, BTC has shed 12% from recent highs and traded at $96,000, performing moderately well under the current market sentiment.

On a year-to-date (YTD) basis, MSTR logged an 11% gain in 2025 compared to BTC's 1.9%. When zoomed to a year-on-year (YoY) basis, MSTR was up 373% compared to BTC's 85%. The stock's performance has been closely tied to MicroStrategy's massive holding in Bitcoin, making it one of the top-performing U.S. stocks due to its BTC strategy.