As of March 30, 2025, Strategy holds 528,185 bitcoins on its balance sheet, which is about 2.52% of the current cryptocurrency issue. The company purchases digital assets using funds received through the issuance of classic and preferred shares.
To finance bitcoin acquisitions, Strategy also uses the issue of convertible bonds. These securities give investors the opportunity to exchange them for MSTR shares at a premium of up to 40-50% compared to the placement price. The funds raised in this way are used by the company for new purchases of the first cryptocurrency.
The company has set an ambitious goal of attracting $42 billion in capital by 2027. The main sources of financing will be share sales and loans. While Strategy (MSTR) shares are down 50% from their all-time high in November 2024, the stock has gained more than 700% over the past three years.
Michael Saylor, the founder of the former Microstrategy, has previously spoken out about the need for greater national adoption of Bitcoin. He argued that the US government should purchase up to 25% of the total supply of Bitcoin and hold the asset with no intention of selling it.
As such, Strategy continues to expand its cryptocurrency holdings despite fluctuations in the stock market, betting on Bitcoin's continued growth.