MSTR Shares Jump 4% as Michael Saylor’s Strategy Buys 22,337 Bitcoin

Michael Saylor-led Strategy has bought another 22,337 Bitcoin in a purchase valued at about $1.57 billion. This announcement has prompted a 4.56% MSTR stock price jump to $145 in premarket trading following the BTC price rising trend today.

The acquisition took place between March 9 and March 15, according to a filing released on Monday. Strategy paid an average price of $70,194 per Bitcoin during the purchase period. The transaction adds to the company’s ongoing series of weekly Bitcoin purchases.

Strategy remains the largest publicly traded corporate holder of Bitcoin. After the latest purchase, the company’s total holdings reached 761,068 BTC. These coins were acquired for roughly $57.61 billion in total spending.

The company’s overall average acquisition price now stands at about $75,696 per Bitcoin. The latest purchase ranks among the largest weekly Bitcoin acquisitions completed by the firm.

Bitcoin traded near $73,600 on Monday morning. The cryptocurrency recorded a gain of about 2.6% over the past 24 hours. The price increase supported upward movement in Strategy’s shares during premarket trading.

Strategy Funds Bitcoin Purchase Through Stock Sales

Strategy financed most of the recent acquisition through sales of its STRC series preferred stock. The company sold around 11.8 million STRC shares during the funding process.

These sales generated approximately $1.18 billion in net proceeds, whose capital formed the largest portion of funding for the Bitcoin purchase. The company also issued common shares to raise additional funds. Strategy sold roughly 2.8 million MSTR shares, generating about $396 million.

The use of preferred shares played a larger role than common stock sales during this transaction. Reports show that STRC trading activity increased during the same period.

The recent purchase marked the twelfth consecutive week that Strategy has added Bitcoin to its balance sheet. The company has maintained steady buying during various market conditions.

Executive Chairman Michael Saylor confirmed the acquisition in an X statement. He said the company paid an average price of $70,194 per Bitcoin for the newly acquired 22,337 BTC.

Saylor also shared the company’s Bitcoin portfolio tracker on X yesterday before the announcement. The post included the phrase “Stretch the Orange Dots,” which referred to the company’s funding strategy.

Source: X

Strategy began acquiring Bitcoin in 2020 as part of its treasury strategy. Since then, the company has continued to expand its holdings through periodic purchases. Bitcoin’s price movement often influences the company’s stock performance. Investors monitor Strategy’s Bitcoin acquisitions as part of broader market activity.

According to crypto analyst Patel, Strategy would need to maintain a steady purchase pace of around 6158 BTC for the next 42 weeks to reach one million holdings by the end of 2026. Calculations indicate the company may need to acquire more than 260,000 additional coins during the remaining weeks of the year.