Strategy Buys ₱9.75 billion ($168 million) Bitcoin, Holdings Near 717,000 BTC
Executive Chairman Michael Saylor teased an "orange century" and said he expects complete hyperbitcoinization within several decades as Strategy continues its sustained Bitcoin accumulation strategy.
Key Takeaway
Strategy's 717,131 BTC position at $76,000 average cost shows institutional conviction despite market volatility.
Executive Chairman Michael Saylor of Strategy teased an "orange century" and said he expects complete hyperbitcoinization within several decades following the company's ₱9.75 billion ($168 million) Bitcoin purchase on Feb. 17.
Strategy has executed 99 distinct Bitcoin acquisitions since launching its accumulation strategy in August 2020 with an initial ₱14.52 billion ($250 million) allocation. The company has emerged as the world's largest public holder of Bitcoin through six years of sustained buying across market cycles.
The firm uses a leveraged financing model that combines debt and equity issuance to fund acquisitions, creating refinancing risk if Bitcoin weakness persists. Saylor previously said the company could withstand Bitcoin dropping to ₱464,496 ($8,000) per coin without jeopardizing its balance sheet.
The latest purchase followed 12 consecutive weeks of debt and equity financing that pushed the company's holdings toward the 750,000 BTC mark. Strategy's average acquisition cost of $76,027 per Bitcoin reflects sustained accumulation through multiple volatility cycles since August 2020.
This article was written based on reporting from U.Today.
