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Cryptocurrency News Articles
Strategy Rebrands From MicroStrategy, Announces Another Major Bitcoin Acquisition
Feb 25, 2025 at 07:22 pm
Strategy, the company that rebranded from MicroStrategy earlier this year, has announced another major Bitcoin acquisition. The firm purchased 20,356 Bitcoin
MicroStrategy purchased 20,356 Bitcoin at an average price of $97,514 between February 18 and 23, spending a total of $1.99 billion from proceeds of a zero-coupon convertible note offering. This brings the company's total Bitcoin holdings to 499,096 BTC. The purchase is part of Strategy's "21/21 Plan" to raise up to $42 billion for additional Bitcoin acquisitions over three years. Following the news, Strategy's stock saw modest gains in pre-market trading.
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