8-K filings › Feb 24, 2025 · covers Feb 18–23
Strategy bought 20,356 BTC for $1.99B and now holds 499,096 BTC
Average price $97,514 per bitcoin · $1.99B spent on bitcoin
BTC held
499,096
+20,356 vs the 8-K of Feb 18, 2025
Cost basis
$33.10B
$66,357 avg per BTC
Debt raised
$2.00B
0% Convertible Senior Notes due 2030 (issued Feb 2025) · $1.99B net
mNAV that week
2.03×
MSTR $299.69 close Feb 21 ÷ $147.65 net reserve per share
Source: Strategy Inc (CIK 0001050446) 8-K 0000950170-25-025233 on SEC EDGAR, via the 8-K Tracker. Rows filed the same day are combined; restated rows aren’t counted twice. mNAV = MSTR close ÷ net reserve per share (BTC at the filing week’s close + USD − senior claims, ÷ shares). Not investment advice.