MicroStrategy is still pushing its Bitcoin accumulation strategies.
In a statement dated February 20, the company stated that it plans to purchase an additional 2 billion dollars worth of Bitcoin with proceeds from its most recent convertible note offering.
Metaplanet (a Strategy-copycat Japanese company) has also reached an important milestone with its Bitcoin investment strategies.
Strategy’s $2 Billion move
Strategy published the price details for its $2 billion convertible senior note on February 20. These notes with zero interest will mature by 2030. They are scheduled to be closed on February 21, 2025.
Investors can convert them into Strategy’s stock shares, which have been set at an initial rate of 2.3072 MSTR shares per $1,000 principal amount.
This translates to a conversion price of $433.43 per share, reflecting a 35% premium over the company’s weighted average stock price during the final trading hours on Feb. 20.
Before Dec. 3, 2020, noteholders may convert their investment under certain conditions. After this date, they may convert at any time and receive either cash or Strategy’s Class A common stock.
Strategy is the world’s largest corporate holder of Bitcoin, with 478,740 BTC valued at more than $46 billion.
Metaplanet Bitcoin Reserve
Metaplanet continued to buy Bitcoins, accumulating 68.59 BTC worth approximately $6.6 Million.
In a statement from February 20, the company stated it paid $96,335 for each Bitcoin. Its total Bitcoin holdings now stand at 2,100 BTC. This investment, at current market prices, is worth over $204 Million.
The Japan-based firm’s CEO, Simon Gerovich, reaffirmed its commitment to a Bitcoin-first approach while describing the asset as the world’s only truly scarce resource. The CEO of the Japan-based firm, Simon Gerovich, reaffirmed the commitment to a Bitcoin first approach while describing the asset as the world’s only truly scarce resource.
Metaplanet is also the biggest component in CoinShares Blockchain Global Equity Index BLOCK Index with a weighting of 6.27%.
Gerovich noted that this reflects Bitcoin’s growing role in corporate balance sheets and its potential to enhance transparency, resilience, and long-term shareholder value. He continued:
“We’re honored to stand alongside industry leaders and remain committed to demonstrating what a Bitcoin-first approach can achieve for listed companies.”
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