24.02.2025 10:12
The world's largest institutional Bitcoin (BTC) investor, Strategy, has completed a new $2 billion convertible bond issuance. The company's Bitcoin assets have surpassed $46 billion, while BlackRock and U.S. state pension funds continue to invest in Strategy. The company reported a profit of 47.7% on its investments and announced that it will continue to purchase Bitcoin.
Co-founder of Strategy, Michael Saylor, announced that the company will continue its Bitcoin purchases as part of its 21/21 plan. Institutional investment giants continue to trust Strategy's Bitcoin-focused business model. In February, the company made a Bitcoin purchase of $742 million, increasing its total Bitcoin holdings to 478,740.
$2 Billion Resource for Bitcoin Purchases from Strategy
BlackRock increased its stake in Strategy to 5%. This investment decision came immediately after MicroStrategy rebranded as Strategy. BlackRock, with an asset management size of $11.6 trillion, demonstrates confidence in institutional Bitcoin investments with this move.
Pension funds from 12 states in the U.S. have included Strategy shares in their portfolios. The California State Teachers' Retirement Fund holds $83 million, while the California Public Employees' Retirement System has $76.7 million worth of Strategy shares. These investments indicate the institutional acceptance of the cryptocurrency market.
The $2 billion convertible bond issuance announced by Strategy on February 20 will be used to finance the company's Bitcoin purchases. This move stands out as part of the company's smart leverage strategy.