MSTR Shares Climb 4% After Strategy Buys 22,337 Bitcoin

TLDR

• Strategy purchased 22,337 Bitcoin for about $1.57 billion between March 9 and March 15.
• The company paid an average price of $70,194 per Bitcoin during the acquisition period.
• MSTR shares rose 4.56% to $145 in premarket trading after the announcement.
• Strategy increased its total Bitcoin holdings to 761,068 BTC after the latest purchase.
• The company financed most of the acquisition through sales of STRC preferred shares and MSTR common stock.

Strategy expanded its Bitcoin holdings with a $1.57 billion purchase between March 9 and March 15. The company acquired 22,337 Bitcoin at an average price of $70,194 per coin. Following the disclosure, MSTR stock rose 4.56% to $145 in premarket trading as Bitcoin prices increased.

Strategy Inc, MSTR

MSTR Shares Rise After Latest Bitcoin Purchase

MSTR shares climbed 4.56% to $145 in premarket trading after the company disclosed the acquisition. The stock moved higher as Bitcoin traded near $73,600 on Monday morning. The cryptocurrency posted a 2.6% gain over the past 24 hours, which supported the share increase.

The company confirmed the purchase in a filing released on Monday. Executive Chairman Michael Saylor also announced the acquisition on X. He stated, “Strategy acquired 22,337 BTC at an average price of $70,194 per Bitcoin.”

The latest transaction marked the twelfth consecutive week of Bitcoin purchases. Strategy continued buying during various market conditions over recent months. The company remains the largest publicly traded corporate holder of Bitcoin.

After the purchase, total holdings reached 761,068 BTC. Strategy spent about $57.61 billion to accumulate its Bitcoin portfolio. The company now holds an overall average acquisition price of $75,696 per Bitcoin.

Funding Structure Supports Ongoing Bitcoin Accumulation

Strategy financed most of the acquisition through sales of STRC series preferred stock. The company sold about 11.8 million STRC shares during the funding period. These sales generated roughly $1.18 billion in net proceeds.

The company also raised capital through common stock sales. Strategy sold approximately 2.8 million MSTR shares to secure about $396 million. Preferred share sales provided the larger portion of total funding.

Reports showed increased STRC trading activity during the same timeframe. The funding structure supported the latest Bitcoin purchase without direct debt issuance. Strategy maintained its established approach of raising capital through equity offerings.

Saylor referenced the company’s funding method before the announcement. He posted the company’s Bitcoin tracker on X with the phrase “Stretch the Orange Dots.” The phrase referred to the company’s capital strategy tied to Bitcoin acquisitions.

Strategy began purchasing Bitcoin in 2020 as part of its treasury policy. Since then, the company has expanded holdings through regular acquisitions. According to analyst Patel, Strategy must acquire about 6,158 BTC weekly for 42 weeks to reach one million Bitcoin by the end of 2026.

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