Michael Saylor's Strategy Is Ready to Pull the Trigger on Another Bitcoin Purchase

The co-founder of Strategy, formerly known as MicroStrategy, shared his usual Sunday Bitcoin chart on X today, teasing yet another purchase set for Monday.

Michael Saylor, co-founder of Strategy (formerly known as MicroStrategy), shared his weekly Bitcoin (BTC) chart on Sunday, hinting at another purchase.

“Death to the blue lines. Long live the green dots,” Saylor wrote in the post, indicating an end to the brief one-week pause in Bitcoin buying.

Death to the blue lines. Long live the green dots. pic.twitter.com/SOtFHRoykd

— Michael Saylor⚡️ (@saylor) February 9, 2025

According to tracking platform SaylorTracker, Strategy currently holds 471,107 BTC. The stash is valued at $45.3 billion and includes the company's January 27 addition of 10,107 BTC before the pause.

In a bid to highlight its Bitcoin-first reputation, MicroStrategy changed its name to Strategy and adopted a Bitcoin logo. The company also shifted its branding colors to align with Bitcoin and ensured that its marketing efforts emphasized its pro-Bitcoin stance.

“Bitcoin and artificial intelligence are the two most transformative technologies of the twenty-first century. Our new name powerfully, and simply, conveys the universal and global appeal of our company,” said Phong Le, Strategy's CEO.

The company's software business generated $120.7 million in revenue during Q4 2024, a 3% year-over-year decrease. More significantly, they reported a net loss of $640 million for the quarter.

Despite the losses, Q4 2024 marked the company's most aggressive quarter yet, with 218,887 Bitcoins, valued at $20.5 billion, being added to their stash.

During the earnings call, Strategy highlighted several key drivers for its Bitcoin acquisitions in 2025, including the potential for regulatory clarity in the US, increased political support for digital assets, and improvements to Bitcoin ETFs and institutional investment.

On August 7, 2024, Strategy announced a 10-for-1 split of both Class A and Class B shares, a move designed to lower entry costs for new investors and open the door for a broader base of potential shareholders.

By the end of December, the company had issued 42.3 million shares of Class A stock, raising $15.1 billion. In January and February 2025, they issued an additional 6.5 million shares, securing $2.4 billion.

Despite these substantial raises, Strategy still has $4.3 billion in Class A shares available for future offerings. CFO Andrew Kang described the company's capital plan as “firing on all cylinders” and confirmed that they had already raised $20 billion of their $42 billion goal.

In early 2025, Strategy launched its first convertible preferred stock offering, raising $584 million from institutional and retail investors. The company also issued $3 billion in 0% Convertible Senior Notes in November 2024, maturing in 2029. These notes allow investors to convert holdings into Strategy stock at $672.40 per share, a price investors are betting will be a steal down the line.

After fees, the company netted $2.97 billion from the $3 billion note issuance. But they weren't done. In January 2025, they rolled out another fundraising vehicle: Series A Perpetual Strike Preferred Stock. Priced at $80 per share, this raised $563.4 million after expenses. These preferred shares come with an 8% annual dividend and a $100 liquidation preference, giving Strategy another steady funding option.

In 2024, Strategy's Bitcoin returns were astronomical, with a BTC Yield of 74.3%. However, for 2025, they set a more conservative target of 15%, reportedly aiming for a more sustainable pace.

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