The Strategy Business Intelligence Services, previously known as Microstrategy, has once again captured the attention of the financial market. In a movement that reaffirms its commitment to Bitcoin (BTC), the company added new BTC to its bulky treasury, consolidating as the public company with the greatest amount of this currency under its credit. According to a presentation of form 8-k to the United States stock and values commission (SEC), Strategy acquired 20,356 bitcoin between February 18 and 23. The operation, valued at approximately 1,990 million dollars, was made at an average price of $ 97,514 per BTC. This form, mandatory for public companies in the United States, serves as a key report to Inform investors about events that could influence their financial performance or the price of their shares.
Strategy very close to 500,000 BTC
With this acquisition, The company raises its possession to 499,096 BTCa figure that, at current prices, is equivalent to more than 47,000 million dollars, this is reflected in the Saylortracker tracker.
Strategy Bitcoin holdings over time. Source: Saylortracker. Michael Saylor, co -founder and executive president of Strategy, explained that the company's total holdings were bought at an average price of $ 66,357 per Bitcoin, which represents an accumulated cost of about 33,100 million dollarsincluding commissions and expenses. In practical termsStrategy today controls 2.3% of the total supply of 21 million BTC that will exist.
Financing through innovative bonds
The recent purchase was financed After the culmination of an offer of convertible bonds zero coupon for 2 billion dollarsas the company reported, today February 24. These debt instruments, aimed at qualified institutional buyers, do not generate regular interests and can transform into the company's actions in the future. In addition, Strategy gave initial buyers The option to acquire up to $ 300 million in bondsalthough he did not sell ordinary class A shares during this period under his market offer program. Market analyst Juan Rodríguez said that Michael Saylor continues to use debt with minimal rates – currently pays an annual interest – to finance these purchases. «For Strategy to face liquidation problems, the price of BTC would have to fall below $ 20,000 or that the company's action shows a significant gap at certain dates,» he explained. The last bonds issued allow buyers to turn them into shares at $ 433 per unit, he adds. «You can continue to borrow with a manageable risk,» said Rodríguez, highlighting Strategy's confidence in this vision.
A commitment to scarcity and autonomy
The company's strategy responds to the characteristics of Bitcoin that position it as a long -term value reserve. Its supply limited to 21 million units, together with its resistance to censorship and its unconfiscable nature, They make it an attractive asset against economic crises or government interventions. With almost half a million BTC in their possession, Strategy reaffirms their leadership among the quoted companies that invest in the cryptoactive. While Bitcoin maintains its value and the debt remains sustainable, the road seems clear. However, in a volatile market like this, the balance between boldness and prudence will be key to determining whether this historical play ends in triumph or warning.