The post Strategy Acquires 20,356 BTC as Saylor Backs Trump’s Bitcoin Reserve Plan appeared first on Coinpedia Fintech News
Strategy has added 20,356 BTC to its holdings for about $1.99 billion, buying at an average price of $97,514 per Bitcoin. As of February 23, 2025, the company holds 499,096 BTC, acquired for around $33.1 billion at an average price of $66,357 per Bitcoin.
Strategy Raises $2 Billion for More Bitcoin
Strategy has completed a $2 billion offering of convertible notes at 0% coupon and 35% premium, with an implied strike price of ~$433.43. $MSTR https://t.co/PsEdj3nm0i
— Michael Saylor(@saylor) February 24, 2025
On February 24, 2025, Strategy
(Nasdaq: MSTR) announced it had completed a $2 billion private offering of 0% convertible senior notes due in 2030, raising about $1.99 billion in net proceeds. These notes, convertible into Class A common stock at a rate of 2.3072 shares per $1,000, bear no regular interest and will mature on March 1, 2030.
The company plans to use the funds to buy more Bitcoin and for general corporate purposes, reinforcing its long-term Bitcoin strategy and digital initiatives.
Saylor Calls for U.S. Bitcoin Reserve
Strategy’s co-founder Michael Saylor doubled down on his Bitcoin advocacy at the Conservative Political Action Conference (CPAC). Backing President Donald Trump’s proposed Bitcoin Reserve Plan, Saylor suggested that the U.S. government should buy 20% of Bitcoin’s total supply to create a strategic reserve.
This would require purchasing 3.9 million BTC, worth around $392 billion at current prices. However, lawmakers are considering a smaller-scale approach, with Senator Cynthia Lummis suggesting a 5% reserve instead.
El Salvador Ties a New Hope?
Saylor recently met with El Salvador’s pro-Bitcoin president, Nayib Bukele, to discuss Bitcoin adoption. While details of their conversation remain unclear, speculation is rising about a potential collaboration. Bukele has already positioned El Salvador as a major Bitcoin player, accumulating 6,078 BTC—worth about $597 million—despite reversing BTC’s legal tender status due to an IMF loan agreement.
BTC Price Struggles Amid Economic Concerns
Despite Strategy’s continued BTC accumulation and bullish outlook, Bitcoin’s price remains below $100K, hovering around $95K. Factors such as rising inflation and ongoing tariff wars are keeping prices in check. Still, Strategy’s aggressive buying and Saylor’s vision for national adoption signal strong long-term confidence in Bitcoin’s future.
Saylor’s vision for Bitcoin extends beyond corporate treasuries – now, even governments are part of the conversation.
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As of February 23, 2025, Strategy holds 499,096 BTC, acquired for ~$33.1 billion at an average price of ~$66,357 per Bitcoin.
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