The company, now known as Strategy, is looking to secure $2 billion in funds through convertible notes to aid in its acquisition of Bitcoin.
By the year 2025, the trailblazer in corporate Bitcoin treasury tactics successfully made five significant purchases totaling over 30,000 BTC, increasing its overall holdings to 478,740 BTC. This amounts to a sizeable $46.15 billion in Bitcoin assets at current market rates.
MicroStrategy Aiming for 500K BTC Reserves
The new initiative to secure additional funds for purchasing more Bitcoin would raise the company’s reserves to 500,000 BTC by March. However, market sentiment at the present moment seems uncertain about the likelihood of this outcome.
The prediction platform Polymarket has assessed a 53% probability of Strategy reaching the 500,000 BTC milestone by the conclusion of February.
Initial market reactions suggested an 80% chance of achieving this goal following the announcement of the $2 billion capital raise, indicating mixed expectations among speculators regarding Strategy’s expansion to 500K BTC within a week.
Despite this, MSTR has experienced a 16% decline from its peak performance in late January, with its current valuation sitting at $333. However, macro analyst Felix Jauvin believes that MicroStrategy’s recent $2 billion capital raise could signify a local bottom for BTC.
During the same period, BTC has dropped by 12% from its recent highs, currently trading at $96,000. This showcases BTC’s solid performance amidst prevailing market sentiments.
Looking at the year-to-date figures, MSTR has recorded an 11% increase in 2025 compared to BTC’s 1.9% uptick.
On a year-on-year basis, MSTR has surged by 373% in contrast to BTC’s 85% growth. Essentially, the stock retains its status as a BTC beta due to MicroStrategy’s substantial cryptocurrency holdings.
MSTR stands out as one of the leading U.S. stocks thanks to its BTC-centric approach. The question of whether this exceptional performance will persist into Q4 2025 remains unanswered.