# Strategy Buys Another $2B in BTC

*Author: Bankless*
*Published: Feb 24, 2025*
*Source: https://www.bankless.com/read/strategy-buys-another-2b-in-btc*

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Strategy has bought 20,356 BTC for about $2 billion at an average price of $97,514. This brings their total holdings to 499,096 BTC worth over $47 billion. The acquisition follows a $2 billion zero-coupon convertible note offering.

## **What’s the Scoop?**
- **Massive Acquisition**: Strategy purchased 20,356 BTC for approximately $2 billion, at an average price of $97,514 per bitcoin.
- **Funding Source**: Acquisitions follow the completion of a $2 billion zero-coupon convertible note offering, with an option to buy up to $300 million in additional notes.
- **Growing Influence**: Strategy now holds 2.3% of Bitcoin’s total supply, with holdings purchased at a cumulative average price of $66,357.
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