Strategy spent $2 billion to buy Bitcoin! The total number of coins held exceeded 499,000

According to the U.S. Securities and Exchange Commission (SEC) filing, MicroStrategy (now renamed Strategy) increased its holdings by 20,356 bitcoins between February 18 and 23, with an average purchase price of US$97,514 and a total investment of US$1.99 billion.

At present, Strategy has held 499,096 Bitcoins, with a total value of more than US$47 billion. Michael Saylor, co-founder and executive chairman, said that the average cost of Bitcoin held by Strategy is $66,357 per coin, with a total cost of about $33.1 billion (including handling fees, etc.). This means that Strategy currently holds 2.3% of the total Bitcoin supply.

To further increase its holdings in Bitcoin, Strategy announced the issuance of $2 billion in zero-interest convertible bonds last week. It is worth noting that the company did not raise funds through additional issuance of common shares this time.

Strategy announced its rebrand earlier this month and released its fourth quarter 2024 financial report. The financial report shows that the company's Bitcoin holdings nearly doubled month-on-month, but operating costs have increased significantly, resulting in a net loss expanding to US$670 million.

Nevertheless, Wall Street analysts are generally optimistic about Strategy. Canaccord Genuity analyst Joseph Vafi pointed out that although Strategy's coin buying strategy poses certain risks, its coin buying pace has become more stable and strategic.

Keefe, Bruyette & Woods Investment Bank believes that Strategy is expected to be included in the S&P 500 index. The company adopted the latest FASB accounting standards last month, which will help increase its likelihood of inclusion in the index.

In addition, institutional investors are also continuing to increase their holdings in Strategy stocks. BlackRock has increased its stake from 4.09% to 5%, according to a 13G filing with the SEC. The California Teachers' Pension Fund (CalSTRS) also filed for holding $83 million worth of Strategy stock, indicating that institutional investors' interest in Strategy continued to heat up in the fourth quarter.

The above is the detailed content of Strategy spent $2 billion to buy Bitcoin! The total number of coins held exceeded 499,000. For more information, please follow other related articles on the PHP Chinese website!