MicroStrategy continues its Bitcoin purchases without slowing down. By acquiring 7,633 BTC worth 742 million dollars, the company increased its total Bitcoin assets to 478,740. CEO of MicroStrategy, Michael Saylor, announced the company’s plan to increase the use of “intelligent leverage” to be able to buy more Bitcoin in the first quarter of 2025.

Michael Saylor, the co-founder of MicroStrategy, formerly known as Strategy, made significant statements indicating that the company will continue its Bitcoin (BTC) acquisitions without slowing down.

Saylor announced the latest Bitcoin purchase on February 10.

In this acquisition, the company purchased 7,633 Bitcoin with a value over 742 million dollars, increasing their total Bitcoin assets to 478,740 BTC.

According to SaylorTracker data, MicroStrategy’s BTC accumulation has surpassed 46 billion dollars at the time of writing. With the increase in BTC prices, the company has currently gained a profit of 47.7%.

Saylor made an important announcement regarding the company’s future plans. He mentioned that the company aims to increase the use of “intelligent leverage” to be able to purchase more Bitcoin in the first quarter of 2025. With this strategy, MicroStrategy plans to solidify its position as the largest corporate owner of Bitcoin.

Despite concerns about the sustainability of Bitcoin acquisitions, major financial institutions continue to support the company’s strategy.

For example, BlackRock, the world’s largest asset manager, increased its stake in Strategy to 5% with an application made on February 6. BlackRock continues to invest in the company’s Bitcoin-themed marketing plan with trust in the strategy.

In addition, 12 states in the U.S. hold shares of Strategy in retirement programs or treasury funds. Among these states are Arizona, California, Colorado, Florida, Illinois, Louisiana, Maryland, North Carolina, New Jersey, Texas, Utah, and Wisconsin. The California State Teachers’ Retirement Fund stands out as the fund with the highest visibility among these state funds, holding approximately 83 million dollars worth of Strategy shares.

Finally, on February 20, Strategy announced the pricing of a $2 billion convertible bond tranche to further acquire Bitcoin.

This move serves as a financing tool supporting the company’s plans to accelerate Bitcoin purchases.