TLDR
- Strategy tops 720,000 BTC after $204M buy
- MSTR climbs 2.35% on latest Bitcoin move
- Firm holds 3.4% of Bitcoin’s total supply
- $7.3B unrealized loss amid price pressure
- Equity sales fuel aggressive BTC expansion
Strategy Inc shares climbed in early trading after the company expanded its Bitcoin reserves again. The stock rose 2.35% to $132.54 as the market reacted to the update. The move followed another large digital asset purchase that lifted total holdings above 720,000 coins.
Strategy Inc Expands Bitcoin Holdings Past 720,000 Coins
Strategy acquired 3,015 Bitcoin for about $204.1 million between February 23 and March 1. The company paid an average price of $67,700 per coin during the period. As a result, total holdings increased to 720,737 Bitcoin.
The firm began accumulating Bitcoin in 2020 and has continued regular purchases since then. This latest transaction marked its 101st acquisition of the digital asset. Strategy remains the largest public corporate holder of Bitcoin globally.
The company’s aggregate position now stands at a cost basis of roughly $54.8 billion. On average, Strategy paid about $75,985 per coin including fees and expenses. However, with Bitcoin trading below that level, the firm carries about $7.3 billion in unrealized losses.
MSTR Rises as Company Funds Purchase Through Equity Programs
Strategy funded the latest acquisition through its at-the-market equity program. The company sold 1,730,563 Class A shares and generated nearly $229.9 million in net proceeds. In addition, it issued 71,590 shares of its variable-rate preferred stock, STRC, raising more than $7 million.
As of March 1, Strategy still had about $7.6 billion in MSTR shares available for sale. It also retained around $3.5 billion in STRK preferred shares for future issuance. These programs support the company’s broader capital plan to finance further Bitcoin purchases.
Strategy operates under its “42/42” plan, which targets $84 billion in equity offerings and convertible notes through 2027. The company uses several preferred instruments with different dividend structures. STRD carries a 10% non-cumulative dividend, while STRK offers 8% with conversion rights.
Bitcoin Strategy Controls Over 3% of Total Supply
Strategy’s holdings now represent just over 3.4% of Bitcoin’s 21 million maximum supply. At current market prices, the reserves are valued at roughly $47.5 billion. Therefore, the company’s balance sheet remains highly sensitive to price swings.
The board also increased the annual dividend rate on STRC shares to 11.5% from 11.25%. The new rate applies to monthly periods starting March 1. This adjustment marked the seventh consecutive increase since July 2025.
Strategy declared quarterly dividends across other preferred classes. STRF and STRD shareholders will receive $2.5 per share, while STRK holders will collect $2. The euro-denominated STRE class will pay €2.5 per share.
Strategy continues to align its treasury strategy with Bitcoin accumulation. The company uses equity issuance and preferred instruments to fund ongoing purchases. As a result, MSTR stock remains directly tied to Bitcoin price movements and market sentiment
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