Strategy (MSTR) Stock: Bitcoin Holdings Reach 720K BTC After Today’s Purchase

TLDR

• Strategy purchased 3,015 bitcoin for about $204 million, bringing total holdings to 720,737 BTC.

• The company’s bitcoin position is valued at roughly $47 billion at current market prices.

• Average acquisition cost across all holdings stands near $75,985 per bitcoin.

• The latest purchase was funded through at-the-market stock sales and preferred equity issuance.

• Strategy now controls more than 3.4% of bitcoin’s total planned supply.

Strategy (MSTR) expanded its bitcoin holdings with another major purchase last week. The company acquired 3,015 bitcoin for about $204.1 million between Feb. 23 and March 1.

The average purchase price for the latest acquisition was about $67,700 per bitcoin. The transaction lifted total corporate holdings to 720,737 BTC.

Strategy has spent roughly $54.77 billion to build its bitcoin position since 2020. The company’s average acquisition price now stands near $75,985 per bitcoin.

Strategy Inc, MSTR

At current market prices near $65,500, the total bitcoin holdings are valued at about $47 billion. This places the position below its aggregate cost basis.

Funding and Capital Strategy

The latest purchase was financed through capital market activity. Strategy sold more than 1.73 million shares of Class A common stock, generating about $229.9 million in net proceeds.

The company also issued 71,590 shares of preferred stock, raising about $7.1 million after commissions. Additional common and preferred stock capacity remains available for future issuance.

Strategy still has about $7.6 billion in common shares available under its at-the-market program. Billions more remain available through preferred stock offerings and other financing tools.

The purchases form part of the company’s long-term capital plan. Its “42/42” strategy targets $84 billion in equity and convertible note offerings through 2027.

Management intends to use these funds primarily for additional bitcoin acquisitions. The approach ties corporate treasury performance closely to bitcoin price movements.

Holdings and Market Position

Strategy now controls more than 3.4% of bitcoin’s total eventual supply. The company remains the largest publicly traded corporate holder of the digital asset.

The latest transaction marks its 101st bitcoin purchase since 2020. The company has consistently added to its position through both market rallies and downturns.

Recent purchases come during a period of price consolidation for bitcoin. The cryptocurrency has traded in the mid-$60,000 range in recent sessions.

Strategy has increasingly relied on preferred stock issuance to limit dilution from common share sales. Several preferred instruments with different dividend structures remain in place.

The company reported a large net loss in late 2025 tied to unrealized bitcoin valuation changes under fair-value accounting. Its financial results remain closely linked to bitcoin price movements.

Strategy continues to disclose bitcoin purchases through regular filings. Total holdings reached 720,737 BTC following the latest acquisition disclosed Monday.

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