Strategy, formerly known as MicroStrategy, has purchased 20,356 Bitcoin (BTC) for $1.99 billion, according to a February 24 post by Michael Saylor on X. The company paid an average price of $97,514 per BTC.

Meanwhile, BTCUSD intraday charts show that the price has breached 95,000, a key level traders have been watching. The H1 chart has not yet confirmed the breakout. If confirmed, the price may move further to the downside.

Strategy Raises $2 Billion to Acquire Bitcoin

This acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term increased Strategy’s total Bitcoin holdings to 499,096 BTC, acquired at a total cost of $33.1 billion. The company’s average purchase price stands at $66,357 per BTC.

Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR https://t.co/mNWDaXRE7N

— Michael Saylor⚡️ (@saylor) February 24, 2025

The purchase followed Strategy’s $2 billion senior convertible note offering. The notes carry a 0% coupon and will mature on March 1, 2030. Each $1,000 note block is convertible into 2.3072 shares of the company’s Class A common stock at $433.43 per share, representing a 35% premium over the market price.

After deducting fees and expenses, the offering generated approximately $1.99 billion in net proceeds. Strategy stated that it intends to use the funds for general corporate purposes, including Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term acquisitions and working capital.

95K Breach Signals Potential Downward Move

The BTC/USD H1 chart indicates that the price has breached the 95,000 level, which has been significant on intraday charts. Minor intraday charts have confirmed the breakout. If the H1 chart also confirms, the price may move downward with momentum. In that case, the 93,300 level may act as intraday support.

Bitcoin has been in a bearish trend on the minor charts for some time. However, in a broader perspective, DeepSeek AI outlined three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to trade between $100,000 and $150,000, according to Finance Magnates.

In a bullish “hyperbitcoinization” scenario, the price could rise to $350,000. A black swan scenario suggests a peak of $500,000. These projections are based on expectations of increased institutional adoption and broader blockchain acceptance in global finance. However, in a broader perspective, DeepSeek AI emphasizes the uncertainty and volatility surrounding these forecasts.