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    Home - Cryptocurrency & Blockchain - Michael Saylor signals Strategy’s new Bitcoin purchase after one-week break
    Cryptocurrency & Blockchain

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

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

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    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.

    I don’t think this reflects what I got done last week. pic.twitter.com/57Qe7QfwKm

    — Michael Saylor⚡️ (@saylor) February 23, 2025

    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.

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