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Strategy’s $2 Billion Bitcoin Acquisition
Strategy, formerly known as MicroStrategy, has expanded its Bitcoin holdings by purchasing an additional 20,356 BTC for $1.99 billion, averaging $97,514 per coin. This acquisition follows a $2 billion senior convertible note offering, part of the company’s “21/21 Plan” to raise $42 billion over three years for Bitcoin investments.
With this purchase, Strategy’s total Bitcoin reserves approach 500,000 BTC, acquired at an aggregate cost of $33.1 billion, averaging $66,357 per Bitcoin. Despite a $670 million net loss in Q4 2024, the company maintains an unrealized profit of over $14.8 billion on its Bitcoin holdings. Institutional interest in Strategy has grown, with BlackRock increasing its stake to 5% and twelve U.S. states holding shares in their pension funds or treasuries.
BTC Price Analysis
Bitcoin’s daily chart confirms a strong Wave 4 correction after the previous Wave 3 rally peaked above the $108,000 area. The decline has breached the key horizontal support around $92,000 below the 0.236 Fibonacci retracement, with BTC currently testing deeper Fibonacci retracement levels.
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