Michael Saylor’s Strategy’s 500,000 BTC Accumulation Nears: What’s Next?

by

🚨 bitcoin-usd/”>BITCOIN APOCALYPSE IMMINENT 🚨

Michael Saylor’s Strategy’s 500,000 <a href="https://investment-policy.com/btc-usd/">BTC</a> Accumulation Nears: What’s Next?

It seems that Michael Saylor’s Strategy, the self-proclaimed Bitcoin treasury firm (formerly known as MicroStrategy, but let’s be real, who needs a name change when you’re this good?), is on the cusp of achieving a feat of monumental proportions – accumulating a whopping 500,000 BTC. Because, you know, one can never have too much of a good thing… or a bad thing, depending on how you look at it.

STRATEGY IS NOW JUST $80 MILLION SHORT OF BUYING 500,000 #BITCOIN

CLOSING IN ON HISTORY 🚀

— The Bitcoin Historian (@pete_rizzo_) February 27, 2025

Under the fearless leadership of Michael Saylor, Strategy has been doubling down on Bitcoin like a gambler on a hot streak, making it one of the largest corporate holders of the cryptocurrency. As of Feb. 23, 2025, Strategy held 499,096 BTC, acquired for a whopping $33.1 billion at about $66,357 per Bitcoin. That’s just 904 BTC away from the 500,000 BTC milestone – a mere stone’s throw in the world of cryptocurrency.

Now, at Bitcoin’s current price range, it’s estimated that an additional $80 million investment could push Strategy past the half-million BTC mark. Because what’s $80 million between friends, right?

Meanwhile, the market is having a bit of a meltdown, with Bitcoin plummeting to lows of $82,111 from highs of $89,305 in Wednesday’s session before rebounding slightly to $86,000 on Thursday. At the time of writing, BTC was trading down 1.1% in the last 24 hours to $86,026. Yay, volatility!

Strategy adds $2 billion BTC

But wait, there’s more! Strategy’s Bitcoin holdings got a major boost this week, with the purchase of $1.99 billion Bitcoin using the proceeds from last week’s convertible bond sale. In a Feb. 24 announcement, Strategy stated that it had acquired 20,356 BTC for nearly $1.99 billion at about $97,514 per Bitcoin. Because who needs cash when you can have Bitcoin, am I right?

Since late October, Strategy has been buying Bitcoin like it’s going out of style (which, let’s be real, it might be). The most recent purchase is the company’s fifth largest since starting to buy Bitcoin in 2020. It sold $2 billion in convertible notes last week to cover the BTC purchases because, priorities.

In October, Strategy announced a plan to raise $42 billion by 2027 to support Bitcoin purchases through at-market stock sales and fixed-income instruments. It now holds around $47.7 billion in Bitcoin, or more than 2.5% of all tokens that will ever exist. That’s a whole lotta Bitcoin.

And the cherry on top? Saylor’s bold Bitcoin bet has paid off. In a tweet yesterday, Saylor stated that last week, MSTR Treasury operations resulted in a BTC gain of about 12,520 BTC, which equates to an excess of over $1 billion. Ka-ching!

Read More

2025-02-27 18:21