Outside Source
The company continues progressing with its 21/21 plan to purchase more BTC following its most recent $2 billion convertible note offering.
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Strategy, formerly known as MicroStrategy, co-founder Michael Saylor posted the Bitcoin (BTC) chart that signals an impending BTC acquisition after a one-week purchase lapse.
The company completed its latest purchase on Feb. 10 by acquiring 7,633 Bitcoin, valued at over $742 million at the time. This brought Strategy’s total holdings to 478,740 BTC.
According to data from SaylorTracker, Strategy’s BTC stash is worth over $46 billion at the time of this writing, and the company is currently up 47.7% on its investment.
Saylor previously disclosed that the company sought to ramp up its use of “intelligent leverage” during Q1 2025 to finance more BTC purchases and create more value for Strategy’s common shareholders as it continues to be the largest corporate holder of Bitcoin.
Strategy’s Bitcoin purchases. Source: SaylorTracker
Related: Strategy’s Michael Saylor says the US should aim to hold 20% of Bitcoin
Large corporate and state institutions bet on Strategy
Despite concerns about the sustainability of the Bitcoin acquisition plan, large financial institutions continue to invest in the company through buying shares or fixed-income securities.
According to a Feb. 6 Securities and Exchange Commission (SEC) filing, BlackRock, the world’s largest asset manager, with over $11.6 trillion in assets under management, increased its stake in Strategy to 5%.
BlackRock’s filing came one day after MicroStrategy rebranded to Strategy and adopted a Bitcoin-themed marketing scheme to reflect its core focus.
12 US states currently hold Strategy stock as part of their pension programs or treasury funds, including Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin.
12 US state pension programs and treasury funds with exposure to Strategy. Source: Julian Fahrer
California’s State Teachers’ Retirement Fund — a state pension program for public school teachers — had the most exposure out of the 12 state funds, with nearly $83 million of Strategy stock in its portfolio.
Following closely behind California’s pension program for school teachers was the California Public Employees Retirement System — the pension fund for state employees — which holds approximately $76.7 million in Strategy shares.
On Feb. 20, Strategy announced the pricing of a $2 billion convertible note tranche — its latest corporate securities offering — to fuel more Bitcoin acquisitions.
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This article first appeared at Cointelegraph.com News
