Strategy Inc (MSTR) Stock: Adds 17,994 BTC, Now Holding 3.4% of Bitcoin Supply

TLDR

• Strategy bought 17,994 BTC, now holds 738,731 coins, 3.4% of total supply.
• $6B unrealized loss as BTC trades near $68K; avg cost $75,862 per coin.
• Funded via $1.28B in ATM stock and STRC preferred share sales.
• Multiple preferred stock classes offer convertible and high-dividend options.
• CEO Michael Saylor leads ongoing bitcoin accumulation strategy through 2027.

Strategy Inc (MSTR) closed sharply lower at $133.53, down 4.49%, before a slight pre-market rebound to $133.85. The company purchased 17,994 bitcoin for approximately $1.28 billion between March 2 and March 8. Strategy now holds 738,731 bitcoin, representing over 3.4% of the fixed 21 million bitcoin supply.

Strategy Inc, MSTR
The latest acquisitions were funded through at-the-market sales of Class A common stock and STRC preferred shares. Strategy sold 6,327,541 common shares for roughly $899.5 million during the period. Additional STRC shares brought in $377.1 million, leaving billions of securities available for issuance under the ATM program.

Bitcoin currently trades just below $68,000, putting the company’s holdings at a mark-to-market loss near $6 billion. Strategy’s total bitcoin investment stands at $56.04 billion with an average price of $75,862 per coin. The firm continues executing its equity and convertible note programs to finance further acquisitions.

Funding Through Equity Sales

Strategy leveraged stock offerings to raise capital for bitcoin purchases efficiently. The company’s ATM programs remain active, with $6.71 billion in common stock and $3.16 billion in STRC shares still available. Other preferred stock classes, including STRK, STRF, and STRD, provide multiple options with varied dividend structures and risk profiles.

STRK shares offer convertible benefits with an 8% non-cumulative dividend, allowing shareholders equity upside. STRC shares pay variable-rate cumulative dividends designed to stay near par. STRF provides a conservative non-convertible structure with a 10% cumulative dividend, while STRD carries a higher-risk non-convertible 10% dividend.

The firm targets $84 billion in total capital through equity offerings and convertible notes for bitcoin acquisitions through 2027. These funding programs align with its ongoing strategy to expand bitcoin holdings. Sales of common and preferred shares continue supporting large-scale purchases without external borrowing.

Expanding Bitcoin Holdings

Strategy added another 3,015 bitcoin last week, purchased at an average price of $67,700 per coin. The combined total now reaches 738,731 bitcoin, highlighting the company’s scale in the cryptocurrency market. Strategy’s holdings rank among the largest corporate bitcoin treasuries globally.

Public data shows 193 companies have adopted similar bitcoin accumulation strategies. Top holders include MARA, Twenty One, Metaplanet and Coinbase, with holdings ranging from 13,363 to 53,822 bitcoin. Strategy maintains its position as the largest corporate holder, controlling more than 3% of total bitcoin supply.

Michael Saylor, Executive Chairman, has led the company through over 100 bitcoin acquisition transactions. The firm continues to implement structured equity programs to maintain long-term accumulation. These efforts underline Strategy’s commitment to bitcoin as a strategic asset.

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