Digital treasury powerhouse Strategy has further solidified its position as the world’s largest corporate holder of Bitcoin, announcing the acquisition of an additional 3,015 BTC. According to an 8-K filing with the Securities and Exchange Commission on Monday, the purchase was executed between February 23 and March 1 for approximately $204.1 million, at an average price of $67,700 per token.
With this latest move, Strategy’s total holdings have climbed to 720,737 BTC. Co-founder and Executive Chairman Michael Saylor confirmed that the total treasury was acquired at an aggregate cost of $54.8 billion, including fees, reflecting an average purchase price of $75,985 per Bitcoin.
At current market valuations, the cache is worth approximately $47.5 billion, implying an unrealized loss of roughly $7.3 billion. Despite the current deficit, Strategy’s holdings now represent just over 3.4% of the total 21 million Bitcoin supply that will ever exist.
The firm utilized its sophisticated capital markets program to fund the acquisition, primarily through the sale of Class A common stock (MSTR) and its “Stretch” perpetual preferred stock (STRC). Last week alone, the company generated $229.9 million by selling 1.7 million MSTR shares. Strategy maintains a massive war chest for future moves, with $7.6 billion in MSTR and $3.5 billion in STRK shares still available for issuance.
These activities support the firm’s ambitious “42/42” plan, which targets $84 billion in total capital raises through equity and convertible notes by 2027. The company’s tiered preferred stock structure — comprising STRD, STRK, STRF, and STRC — offers investors varying risk-reward profiles, with STRC emerging as the “primary engine” for Bitcoin accumulation. Notably, STRC’s dividend rate was recently increased to 11.50% for March.
