Michael Saylor’s company, Strategy, has acquired an additional 3,015 bitcoin for approximately $204.1 million, according to a recent regulatory filing. The purchase was executed at an average price of $67,700 per bitcoin between Feb. 23 and March 1.
With this latest transaction, the firm’s total bitcoin holdings now stand at 720,737 BTC, valued at roughly $47.5 billion at current market prices. The aggregate acquisition cost for these holdings is approximately $54.8 billion, including fees and expenses, translating to an average purchase price of $75,985 per bitcoin.
Measured against bitcoin’s fixed 21 million supply cap, the company now controls just over 3.4% of the total potential issuance.
Capital Raising Strategy Funds Ongoing Bitcoin Accumulation
The purchases were financed through at the market sales of the company’s Class A common stock (MSTR) and its perpetual preferred stock offerings, including STRC. In the most recent week, more than 1.7 million MSTR shares were sold, generating nearly $230 million in proceeds. Billions of dollars in authorized share capacity remain available under existing programs.
Strategy’s broader capital plan targets up to $84 billion in combined equity and convertible note offerings through 2027 to support continued bitcoin acquisitions.
Market Reaction and Broader Corporate Bitcoin Adoption
Strategy’s stock declined modestly last week, while bitcoin prices also eased. Despite short-term volatility, the firm remains the largest corporate holder of bitcoin globally, underscoring its long-term conviction in the asset as a treasury reserve strategy.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.