Strategy, formerly known as MicroStrategy, has purchased20,356 Bitcoin (BTC) for $1.99 billion, according to a Feb. 24 post by MichaelSaylor on X. The company paid an average price of $97,514 per BTC.Meanwhile, BTCUSD intraday charts show that the price hasbreached 95,000, a key level traders have been watching. The H1 chart has notyet confirmed the breakout. If confirmed, the price may move further to thedownside.Strategy Raises $2 Billion to Acquire BitcoinThis acquisition increased Strategy’s total Bitcoin holdingsto 499,096 BTC, acquired at a total cost of $33.1 billion. The company’saverage purchase price stands at $66,357 per BTC.Strategy has acquired 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin and has achieved BTC Yield of 6.9% YTD 2025. As of 2/23/2025, we hodl 499,096 $BTC acquired for ~$33.1 billion at ~$66,357 per bitcoin. $MSTR https://t.co/mNWDaXRE7N— Michael Saylor⚡️ (@saylor) February 24, 2025The purchase followed Strategy’s $2 billion seniorconvertible note offering. The notes carry a 0% coupon and will mature on March1, 2030. Each $1,000 note block is convertible into 2.3072 shares of thecompany’s Class A common stock at $433.43 per share, representing a 35% premiumover the market price.After deducting fees and expenses, the offering generatedapproximately $1.99 billion in net proceeds. Strategy stated that it intends touse the funds for general corporate purposes, including Bitcoin acquisitionsand working capital.95K Breach Signals Potential Downward MoveThe BTC/USD H1 chart indicates that the price has breachedthe 95,000 level, which has been significant on intraday charts. Minor intradaycharts have confirmed the breakout. If the H1 chart also confirms, the pricemay move downward with momentum. In that case, the 93,300 level may act asintraday support.Bitcoin has been in a bearish trend on the minor charts forsome time. However, in a broader perspective, DeepSeekAI outlined three potential scenarios for Bitcoin in 2025. In the basecase, Bitcoin is expected to trade between $100,000 and $150,000, according to Finance Magnates.In a bullish "hyperbitcoinization" scenario, theprice could rise to $350,000. A black swan scenario suggests a peak of$500,000. These projections are based on expectations of increasedinstitutional adoption and broader blockchain acceptance in global finance.However, in a broader perspective, DeepSeek AI emphasizes the uncertainty andvolatility surrounding these forecasts.This article was written by Tareq Sikder at www.financemagnates.com.