Strategy ($MSTR) Buys $204 Million In Bitcoin

Strategy purchased more than $200 million in bitcoin last week, lifting its total holdings to 720,737 BTC valued at more than $47 billion.

The company, led by Executive Chairman Michael Saylor, disclosed in their usual Monday filing that it acquired 3,015 bitcoin between Feb. 23 and March 1 for approximately $204.1 million. The average purchase price was $67,700 per coin.

The company now holds 720,737 BTC acquired for about $54.77 billion, or an average price of roughly $75,985 per bitcoin. 

With bitcoin trading near $65,500 on Monday morning, the company’s position reflects an unrealized loss based on its aggregate cost basis.

Measured against bitcoin’s 21 million supply cap, the company controls more than 3.4% of the total eventual issuance, reinforcing its position as the largest publicly traded corporate holder of the asset.

The latest purchases were funded through at-the-market sales of common and preferred stock. According to the filing, Strategy sold 1,730,563 shares of its Class A common stock, MSTR, generating approximately $229.9 million in net proceeds. As of March 1, about $7.6 billion in common shares remained available for issuance under the program.

The company also sold 71,590 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, STRC, raising about $7.1 million after commissions. Billions of dollars in preferred stock capacity remain available across multiple programs.

Strategy’s capital markets activity forms part of its “42/42” plan, which targets $84 billion in equity offerings and convertible notes through 2027 to fund additional bitcoin acquisitions. The firm maintains several perpetual preferred instruments with varying dividend structures and risk profiles, including STRK, STRF and STRD.

The disclosure marks Strategy’s 101st bitcoin purchase since it began accumulating the asset in 2020. The company has financed its buying strategy through a mix of equity issuance, convertible debt and preferred stock offerings, tying its corporate treasury strategy to bitcoin’s long-term price performance.

Last week, Strategy reported the purchase of 592 BTC for approximately $39.8 million at an average price of $67,286 per coin, bringing its total at that time to 717,722 BTC. The newest acquisition adds to that position amid a period of price consolidation for bitcoin.

Strategy’s STRC dividend increase 

Strategy said its board approved an increase to the annual dividend rate on STRC shares, raising it to 11.5% from 11.25% for monthly periods beginning March 1. The move marks the seventh straight dividend hike since July 2025, as the company seeks to bolster the preferred stock’s appeal and draw in income-focused investors.

Shares of Strategy, which trade on the Nasdaq under the ticker MSTR, were down 1.5% in early trading Monday. 

Saylor signaled the pending purchase on Sunday, Mar. 1, by posting an update to the company’s bitcoin acquisition tracker, continuing a pattern of social media hints that precede formal disclosures.