Strategy Teases Another Massive Bitcoin Buy

Michael Saylor, the co-founder of Strategy, has hinted at another potential massive Bitcoin purchase by the company. This speculation comes on the heels of Strategy's recent stock offerings and its strong Bitcoin-focused strategy, which has not only boosted its stock price but also influenced more than 70 publicly traded firms worldwide.

On February 23, Saylor shared a Bitcoin tracker on X (formerly Twitter), a move that has previously preceded major Bitcoin purchases by the company. In his post, Saylor suggested that recent transactions had not yet appeared in the tracker, leading the crypto community to speculate that Strategy was gearing up for another acquisition. One commentator, Nikolaus Hoffman, even predicted that Strategy would announce another big Bitcoin purchase the following day.

Some community members believe that Strategy could be preparing to spend up to $2 billion on Bitcoin, in line with its recent decision to raise funds through convertible bonds. These bonds, which carry no interest but can be converted into company stock, will mature in March 2030 and serve as unsecured senior obligations. The fundraising is part of Strategy's "21/21 Plan," aiming to secure $42 billion for Bitcoin investments, with $21 billion to be gathered through equity sales and another $21 billion through fixed-income securities.

Originally a software company, Strategy has transformed into the largest corporate Bitcoin holder, significantly increasing investor interest and leading to its inclusion in the Nasdaq-100. The firm's most recent purchase was on February 10, when it acquired 7,633 BTC for $742.4 million. Currently, Strategy owns 478,740 BTC, worth approximately $47 billion, with a total investment of $31.1 billion.

Strategy's MSTR convertible bonds have delivered a 71% return since issuance, outperforming Bitcoin itself. Additionally, the company's strong Bitcoin-first approach has motivated other firms to follow its lead. According to HODL15 Capital, more than 70 publicly traded companies worldwide have now included Bitcoin in their reserves, influenced by Saylor and Strategy's approach.