Strategy Inc., the publicly traded business intelligence and Bitcoin treasury firm led by Executive Chairman Michael Saylor, has further expanded its BTC holdings, according to a recent filing.
The company disclosed that it acquired an additional 3,015 BTC between February 23 and March 1 at an average price of about $67,700 per coin. The purchase increases Strategy’s total reserves to 720,737 BTC, maintaining its position as the largest publicly traded corporate holder of Bitcoin.
Continued Accumulation Amid Price Weakness
Despite the latest acquisition, Bitcoin continues to trade well below Strategy’s long-term cost basis. The company’s aggregate holdings were acquired at an average price of approximately $75,985 per BTC, reflecting total expenditure of around $54.77 billion on its Bitcoin portfolio. At the current Bitcoin price of about $67,120, this places the company’s unrealized loss on its Bitcoin position at roughly $7.3 billion.
Strategy funded the recent purchase through its at-the-market (ATM) equity program, raising net proceeds largely by selling shares of its Class A common stock (MSTR) and issuing preferred stock instruments such as STRC. This approach mirrors previous accumulation rounds, where equity and preferred offerings have financed large Bitcoin buys.
This latest purchase marks at least the 101st documented Bitcoin acquisition by Strategy since it began amassing the asset as a treasury reserve. Market observers have noted how the firm refuses to pause its Bitcoin accumulation despite the crypto’s heightened volatility.
Earlier this year, the company disclosed buying hundreds of additional coins even as markets remained volatile. Strategy has maintained this weekly buying cadence for more than two months now, underscoring its long-term conviction.
Strategy Acquires 2,486 Bitcoin, Expands Holdings to 717,131 BTC
The Broader Bitcoin Accumulation Trend
Despite the immense paper losses, supporters argue that Strategy benefits from accumulating at lower prices by reducing its average cost slightly. Michael Saylor has also defended the firm’s position, stating that they could cover their debt obligations even if the Bitcoin price falls substantially lower.
Other market participants have turned to Bitcoin as a viable store of value, especially as geopolitical tensions grips the market. An equally ardent proponent of Bitcoin, Robert Kiyosaki, urged investors to accumulate Bitcoin now, citing an imminent fiat crash and other macro factors.
As a result, Bitcoin is seeing an increasing rotation of capital into the asset. Just last week, Spot Bitcoin ETFs saw net inflows of $787.4 million as institutional demand for the asset rose dramatically. Amid the ongoing conflicts, analysts predict further capital consolidation in Bitcoin as investors move into perceived safe-haven assets.
Michael Saylor’s Strategy Boosts Bitcoin Holdings to 714,644 BTC With $90M Fresh BTC Buy
Temitope Olajide
The CoinRemark Team
