Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Michael Saylor signals Strategy's new Bitcoin purchase after one-week break

Michael Saylor signals Strategy's new Bitcoin purchase after one-week break

Cryptobriefing2025/02/24 05:33
By: Cryptobriefing
BTC+2.32%XOLDTOKEN0.00%

Key Takeaways

  • Bitcoin bull Saylor just hinted at Strategy's new Bitcoin acquisition.
  • The company plans a $2 billion convertible note offering for Bitcoin acquisitions.

Following a brief pause, Strategy may have resumed its Bitcoin purchase. Michael Saylor on Sunday posted the Bitcoin tracker on X, which is typically followed by a Bitcoin acquisition announcement.

Saylor’s tweet comes after Strategy announced a $2 billion convertible senior note offering on Wednesday, carrying 0% interest and maturing in 2030, with proceeds intended for general corporate purposes, including Bitcoin acquisitions.

The Tysons, Virginia-based company, which recently rebranded from MicroStrategy, currently holds 478,740 Bitcoin valued at approximately $46 billion at current prices. Its latest Bitcoin acquisition of 7,633 BTC occurred in the week ending Feb. 9, at an average price of $97,255 per coin.

Following its recent sale of Class A common stock, Strategy maintains around $4 billion of shares available for sale. The firm often uses proceeds from these sales to finance its next BTC purchase.

Strategy has invested approximately $31 billion in Bitcoin at an average price of $65,000 per coin, generating nearly $15 billion in unrealized gains.

Bitcoin experienced volatility this week, reaching $99,000 on Friday before pulling back below $95,000 following a $1.4 billion hack targeting Bybit, according to CoinGecko data .

The digital asset currently trades at around $95,700, showing a slight decline over the past 24 hours.

Michael Saylor signals Strategy's new Bitcoin purchase after one-week break image 0 Michael Saylor signals Strategy's new Bitcoin purchase after one-week break image 1
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

CandyBomb x TRUST: Trade to share 1,580,000 TRUST!
Bitget Announcement2025/11/05 10:00
Buy MMT,Get 100% fee rebate in MMT!
Bitget Announcement2025/11/05 04:00

Trending news

More
1
CandyBomb x TRUST: Trade to share 1,580,000 TRUST!
2
[Initial Listing] Bitget Will List Intuition (TRUST) in the Innovation Zone

Crypto prices

More
Bitcoin
Bitcoin
BTC
$103,777.77
+2.53%
Ethereum
Ethereum
ETH
$3,427.65
+4.75%
Tether USDt
Tether USDt
USDT
$0.9999
+0.01%
XRP
XRP
XRP
$2.35
+6.18%
BNB
BNB
BNB
$956.36
+2.16%
Solana
Solana
SOL
$162.47
+4.59%
USDC
USDC
USDC
$1.0000
+0.01%
TRON
TRON
TRX
$0.2892
+1.38%
Dogecoin
Dogecoin
DOGE
$0.1677
+2.52%
Cardano
Cardano
ADA
$0.5472
+4.55%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter