TL;DR
- Strategy has invested $742.4 million in Bitcoin, acquiring 7,633 BTC, bringing its total to 478,740 BTC, valued at over $46 billion.
- To finance this purchase, the company sold $742.4 million in shares and has $4.17 billion more in shares available for its “21/21” capital raising plan.
- The company reported a net loss of $670.8 million in Q4 2024, mainly due to the depreciation of its Bitcoin holdings.
Strategy, formerly known as MicroStrategy, has resumed buying Bitcoin with a $742.4 million investment. The company acquired 7,633 BTC at an average price of $97,255 per unit, raising its holdings to 478,740 BTC, valued at over $46 billion.
To finance this purchase, the company sold 516,413 Class A shares for $179 million and 7.3 million preferred shares for $563.4 million. It still has $4.17 billion in shares that could be sold as part of its “21/21” capital raising plan, which aims to raise $42 billion in stock and bond offerings for Bitcoin acquisitions.
Recently, the company changed its name and adopted a new visual identity incorporating the Bitcoin symbol. In recent months, it has bought nearly $20 billion in BTC, though it paused a twelve-week streak of continuous purchases due to its earnings report.
Tough Year-End for Strategy
In Q4 2024, the company reported a net loss of $670.8 million, with a 693% increase in operating expenses. Much of this figure is due to the accounting depreciation of its Bitcoin reserves, which exceeded $1 billion compared to $39.2 million in the same period in 2023.
Since January 2025, Strategy has been applying the new FASB accounting rules, which allow it to reflect market values of its digital assets on its balance sheets. This change will result in a positive adjustment of $12.75 billion to its retained earnings. However, there is still uncertainty regarding the tax impact of these rules and their relationship to current tax legislation, which may require a special exemption from the IRS.
The market has reacted optimistically to Strategy’s strategy. Its shares closed on Friday with a 0.7% increase, reaching $327.56. Over the past year, they have risen more than 518%, and in pre-market trading on Monday, they rose by 1.9%. Although some investors question the company’s valuation relative to its net Bitcoin assets, its bet on BTC continues to solidify as a central element of its financial model
