Basri Caneri 
Bitcoin advocate Michael Saylor hinted that his company may make a new Bitcoin purchase. After a one-week hiatus, Michael Saylor shared Bitcoin tracking data on his X (Twitter) platform. Such posts are often seen as a harbinger of a new Bitcoin purchase announcement.
Strategy Prepares to Buy Bitcoin with $2 Billion Bond Offering
The company, which recently rebranded from MicroStrategy to “Strategy”, announced last Wednesday that it will issue $2 billion in convertible bonds.
- Interest rate: 0%
- Maturity 2030
- Objective: General operations of the company and Bitcoin purchases
This bond issue will be used to further strengthen the company’s Bitcoin strategy. Strategy frequently uses stock sales and bond issuances to fund Bitcoin purchases.
Strategy’s Massive Bitcoin Portfolio
The Virginia-based company currently holds a total of 478,740 BTC. The current value of these assets is approximately $46 billion.
The company’s most recent Bitcoin purchase took place in the week ending February 9th, buying 7,633 BTC at an average price of $97,255.
Strategy still has $4 billion available for stock sales on its balance sheet. These funds provide an important source for the company to finance future Bitcoin purchases.
To date, the company has invested around $31 billion in Bitcoin, buying BTC at an average cost of $65,000. At current prices, it has made $15 billion in unrealized profits on these investments.
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