Strategy Resumes Bitcoin Buying Spree, BlackRock Boosts Stake

Strategy, the former MicroStrategy, has hinted at resuming its Bitcoin (BTC) buying spree, according to recent developments. Michael Saylor, the company's co-founder, posted a Bitcoin price chart on social media, suggesting an impending purchase following a brief pause in acquisitions.

The company last added to its BTC holdings on Feb. 10, securing 7,633 Bitcoin valued at over $742 million. This brought its total holdings to 478,740 BTC. Data from SaylorTracker estimates the company’s Bitcoin reserves at over $46 billion, marking a 47.7% gain on investment.

Saylor previously outlined plans to utilize "intelligent leverage" in Q1 2025 to finance additional Bitcoin purchases, reinforcing Strategy's position as the largest corporate holder of BTC.

Despite ongoing concerns about the sustainability of Strategy's BTC acquisition approach, institutional investors continue to show confidence. Large financial firms and state institutions are increasing their stake in the company through shares and fixed-income securities.

A Feb. 6 Securities and Exchange Commission (SEC) filing revealed that BlackRock, the world’s largest asset manager with $11.6 trillion in assets under management, increased its stake in Strategy to 5%.

BlackRock’s increased investment followed Strategy’s recent rebranding and Bitcoin-focused marketing campaign, aligning the company more closely with its core digital asset strategy.

Twelve U.S. states currently hold Strategy stock in pension or treasury funds, including Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin.

Among them, California’s State Teachers’ Retirement Fund has the largest exposure, holding nearly $83 million in Strategy shares. The California Public Employees Retirement System follows closely, with approximately $76.7 million invested.

On Feb. 20, Strategy announced a $2 billion convertible note offering to further fuel its BTC acquisition strategy. This latest securities issuance underscores the company’s commitment to expanding its BTC holdings despite market fluctuations.