Strategy Doubles Down on Bitcoin with $2 Billion Note Offering

Strategy, formerly known as MicroStrategy, has announced plans to issue $2 billion in convertible senior notes to finance additional purchases of Bitcoin. This move is in line with the company's long-standing strategy of accumulating BTC through stock offerings.

Michael Saylor, the company's CEO, confirmed that Strategy had not acquired any Bitcoin in the past week, temporarily pausing its usual buying streak. However, the company remains committed to its Bitcoin strategy and continues to hold a significant amount of the cryptocurrency.

Since it began acquiring Bitcoin, Strategy has become one of the world's largest holders of the cryptocurrency. In a recent statement, Saylor acknowledged another temporary pause in Bitcoin purchases, stating, "Last week, Strategy did not sell any shares of class A common stock under its at-the-market equity offering program and did not purchase any Bitcoin. As of 2/17/2025, we hold 478,740 BTC acquired for ~$31.1 billion at an average of ~$65,033 per Bitcoin."

Shortly after this announcement, Saylor followed up with another statement: Strategy is launching a private offering of $2 billion in convertible senior notes. The funds raised will be used to buy more Bitcoin, following the same approach as previous stock offerings.

To sustain its Bitcoin purchases, Strategy has employed several methods, including selling shares. This has led to BlackRock acquiring a 5% stake in the company, and the firm's Strike Preferred Stock (STRK) has also performed well. Despite recent volatility in Bitcoin's price, Strategy remains firm in its long-term commitment to holding these assets.

Bitcoin's price has experienced volatility in recent weeks, which may present a buying opportunity for Strategy. After sharp fluctuations, the price is now consolidating just under the $100,000 mark. While this isn't a major decline, it does allow the company to accumulate more BTC at a slightly lower cost.

At the same time, Strategy's stock (MSTR) has underperformed, dropping nearly 15% over the past month. Despite this, the company remains steadfast in its Bitcoin-focused approach.

This latest move aligns with Strategy's well-documented approach—selling stock to increase its Bitcoin reserves. While there have been rumors of potential challenges in executing this strategy,