Strategy purchased over $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 42null42 plan, which targets $84 billion in equity offerings and convertible notes through 2027 to fund additional bitcoin acquisitions.
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