MicroStrategy Bolsters Bitcoin Holdings While Altvest Enters the Market

• MicroStrategy expands its Bitcoin holdings with a $2B purchase, reinforcing its aggressive BTC acquisition strategy.
• The firm now holds nearly 500K BTC, acquired at an average price of $66,357, reflecting a 6.9% YTD Bitcoin yield in 2025.
• Altvest Capital enters the Bitcoin market with a cautious approach, emphasizing BTC as a hedge against South African Rand volatility.

Michael Saylor’s Strategy has strengthened its Bitcoin position with a major acquisition. The company purchased 20,356 BTC during the week ending February 23. The transaction totaled approximately $2 billion, pushing its total Bitcoin holdings close to 500,000 BTC.

Strategy financed the purchase through a recently completed $2 billion senior convertible note offering. This move reinforces its aggressive Bitcoin acquisition strategy, which began in August 2020.

Strategy’s Expanding Bitcoin Treasury

The company acquired its total Bitcoin holdings for roughly $33 billion. The average purchase price stands at $66,357 per Bitcoin. As of February 24, Strategy reported a 6.9% Bitcoin yield year-to-date for 2025.

Earlier today, the company confirmed the completion of a $2 billion offering in 0% convertible senior notes, maturing in 2030. The notes were sold privately to qualified institutional buyers. Moreover, an option for an additional $300 million in notes was granted to initial purchasers. After deducting fees and expenses, net proceeds from the offering amounted to about $1.99 billion.

Notably, Strategy secured 218,887 Bitcoin for $20.5 billion in Q4 2024. Its current Bitcoin holdings represent approximately 2.3% of Bitcoin’s total supply cap and 2.5% of the circulating supply. The company remains committed to increasing its exposure to Bitcoin as part of its financial strategy.

Altvest Capital Joins the Bitcoin Market

South African investment firm Altvest Capital has made its first Bitcoin purchase. The firm announced its Bitcoin entry on February 21 with a focused strategy that excludes other cryptocurrencies.

Altvest CEO Warren Wheatley confirmed an initial purchase of one BTC. However, he acknowledged potential regulatory concerns. The company has already applied to regulators for BTC-linked equity instruments to be listed.

Bitcoin protects against macroeconomic risks and has the ability to increase over time. Among these is currency devaluation, especially in South Africa, where the Rand is constantly fluctuating.

Bitcoin is the only digital asset that satisfies Altvest’s stringent investing requirements, the company stressed. The company has no intentions to investigate other cryptocurrencies or altcoins; it is still solely focused on Bitcoin.