Saylor’s Strategy secures $2B debt offering, pushes Bitcoin holdings toward 500,000 BTC
Strategy leverages debt markets to bolster its position in Bitcoin despite volatile market conditions.
Key Takeaways
- Strategy has acquired a total of 499,096 Bitcoin, representing 2.3% of Bitcoin’s total supply cap.
- The company completed a $2 billion debt offering to fund further Bitcoin acquisitions and corporate purposes.
Michael Saylor’s Strategy announced today it had added 20,356 Bitcoin to its treasury during the week ending Feb. 23, spending roughly $2 billion and driving its total holdings toward 500,000 BTC. The company financed the purchase through a recently closed $2 billion senior convertible note offering.
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