Michael Saylor’s Strategy Bags First Bitcoin Purchase Under New Name

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Strategy’s Bitcoin Bonanza: The Rebranding That Made Waves! 💰🚀

Well, well, well! It seems that the corporate world has decided to play a little game of musical chairs, and the latest tune is all about Bitcoin. Major corporate Bitcoin holder, now known as Strategy (because “MicroStrategy” was just too cute), has announced its first BTC acquisition after its recent rebranding. Who knew a name change could be so thrilling? 🎉

Between February 3 and February 9, 2025, Strategy managed to snag a whopping 7,633 Bitcoin (BTC) at the bargain price of $97,255 per BTC. I mean, who wouldn’t want to spend that much on a digital coin that’s as volatile as a toddler on a sugar high? This little nugget of information was revealed in a form 8-K filing released on February 10. Because nothing says “trust us” like a legal document, right?

Now, this fresh Bitcoin purchase came just days after the company officially rebranded to “Strategy” on February 5. Apparently, they thought that a snazzy new name would highlight their focus on a Bitcoin corporate treasury strategy. Because nothing screams “serious business” like a name that sounds like a board game! 🎲

Since dipping their toes into the Bitcoin pool back in August 2020, Strategy has now accumulated a staggering total of 478,740 BTC, all at an average price of $65,033 per BTC. That’s a lot of digital coins! If only they could use them to buy a decent cup of coffee.

Strategy’s BTC Yield: A Rollercoaster Ride 🎢

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According to the filing, Strategy’s Bitcoin yield — which is just a fancy way of saying “how much money we’re making” — amounted to 4.1% from January 1 to February 9, 2025. Not too shabby, right? On February 5, they reported a jaw-dropping Bitcoin yield for 2024 of 74.3%. Talk about a surprise party! 🎈

However, after recording a $670 million net loss in the fourth quarter of 2024, they decided to lower their BTC yield target to a more modest 15% for 2025. Because who doesn’t love a good dose of reality?

Additionally, Strategy’s BTC gain from January 1 to February 9 was around $1.8 billion, or nearly 18% of their newly targeted gains of $10 billion for 2025. That’s a lot of zeros! 💸

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In 2024, Strategy boasted a BTC gain of $140,538 BTC, which translates to around $13.1 billion. I can only imagine the celebratory dance parties happening in their boardroom!

Strategy’s Bitcoin Hoard Grows! 📈

With the latest purchase, Strategy has significantly bulked up its Bitcoin stash this year. As of February 9, 2025, their year-to-date Bitcoin purchases amounted to 32,340 BTC, which is about 7% of their total Bitcoin holdings. It’s like they’re trying to win a digital coin scavenger hunt!

Just like their previous Bitcoin purchases, this latest buy was made using proceeds from the issuance and sale of shares under a convertible notes sales agreement. Because why not throw in some financial jargon to keep things interesting?

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Under its “21/21 plan,” Strategy aims to issue and sell shares of its class A common stock to raise up to $21 billion in equity and $21 billion in fixed-income securities over the next three years. All this to accumulate even more Bitcoin. It’s like a never-ending game of Monopoly, but with real money!

Founded by the ever-ambitious Michael Saylor in 1989, Strategy proudly claims to be the “world’s first and largest Bitcoin Treasury Company.” Their rebranding comes at a time when U.S. lawmakers are pushing for the adoption of a strategic Bitcoin reserve. Because nothing says “we’re serious” like a name change!

According to Jan3 CEO Samson Mow, MicroStrategy’s new name aligns perfectly with the

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2025-02-10 17:18