Journalist
Posted:
- MicroStrategy aims to raise $2B to fund BTC buys.
- MicroStrategy’s Bitcoin holdings could soon hit 500K BTC; will it boost MSTR again?
Strategy, formerly MicroStrategy, plans to raise $2B in capital through convertible notes to facilitate its Bitcoin acquisition.
In 2025, the pioneer in BTC corporate treasury strategy made five bids (over 30K BTC), bringing its total holding to 478740 BTC. That’s $46.15B worth of BTC stash based on current market prices.
Source: CryptoQuant
MicroStrategy eyes 500K BTC holdings
The latest plan to raise capital for additional BTC buys would expand the firm’s holding to 500K BTC before March. However, as of this writing, the market appeared undecided on such an outcome.
Prediction site Polymarket priced a 53% chance of the firm hitting the $500K BTC target by the end of February.
This was after a spike to 80% when the $2B raise was announced, suggesting that speculators were 50/50 on Strategy stash growth to 500K BTC within a week.
Source: Polymarket
That said, MSTR was down 16% from late January highs and was valued at $333 at press time. But macro analyst Felix Jauvin projected that MicroStrategy’s $2B capital raise could mark BTC’s local bottom.
Over the same period, BTC has shed 12% from recent highs and traded at $96K. This underscored that BTC performed moderately well under the current market sentiment.
However, on a YTD (year-to-date) basis, MSTR logged an 11% gain in 2025 compared to BTC’s 1.9%.
Source: BTC vs. MSTR performance, TradingView
When zoomed to a YoY (year-on-year) basis, MSTR was up 373% compared to BTC’s 85%. Simply put, the stock was still a BTC beta, thanks to MicroStrategy’s massive holding on the cryptocurrency.
In fact, MSTR was one of the top-performing U.S. stocks, given its BTC strategy. Whether the stellar performance will be repeated in Q4 2025 remains to be seen.
