Bitcoin treasury leader Strategy announced on Tuesday that it has acquired an additional 2,486 BTC for approximately $168.4 million. According to an 8-K filing with the Securities and Exchange Commission, the purchases were made between February 9 and February 16 at an average price of $67,710 per token. This latest acquisition brings the company’s total holdings to 717,131 BTC, a massive stake representing more than 3.4% of Bitcoin’s total 21 million supply.
The firm’s aggressive accumulation continues even as its broader portfolio remains under pressure. Executive Chairman Michael Saylor confirmed that the total treasury was built at a cumulative cost of $54.5 billion, including fees, resulting in an average purchase price of $76,027 per bitcoin. With the current market price lagging behind that average, the company is currently carrying approximately $5.7 billion in mark-to-market losses.
To fund the recent buys, Strategy utilized its at-the-market (ATM) equity programs. The company raised $90.5 million by selling 660,000 shares of its MSTR Class A common stock and another $78.4 million through the sale of 785,354 shares of its STRC “Stretch” perpetual preferred stock. Significant capital remains available for future purchases, with the company reporting nearly $7.9 billion left in its common stock program and $3.54 billion remaining in the STRC program.
These offerings are part of a broader “42/42” plan, an ambitious roadmap aiming to raise $84 billion through 2027 to acquire more bitcoin. The company’s capital structure is uniquely diversified through four tiers of perpetual preferred stock—STRK, STRC, STRF, and STRD—each offering different dividend structures and risk profiles to attract various institutional investors.
