Strategy, the company widely recognized for its significant bitcoin acquisitions, has expanded its cryptocurrency reserves once again. Last week, the firm purchased an additional $204.1 million worth of bitcoin, bringing its total holdings to 720,737 BTC and pushing the value of its portfolio over $47 billion. This move further solidifies Strategy’s position as the foremost public company in bitcoin accumulation worldwide.
Acquisition Details and Financing Structure
Led by Michael Saylor, Strategy disclosed the latest purchase in its routine Monday statement. Between February 23 and March 1, the company acquired 3,015 bitcoins at an average price of $67,700 each. The transactions were financed by proceeds raised through the sale of common shares and preferred stock. In its recent announcement, the company reported net revenue of $229.9 million from selling a total of 1,730,563 Class A shares. Additionally, the sale of 71,590 variable-rate preferred shares contributed approximately $7.1 million. Strategy maintains a substantial capacity for future issuances through its ongoing equity and preferred share programs.
Strategic Accumulation and Current Market Context
Given bitcoin’s hard cap of 21 million, the volume controlled by Strategy now constitutes around 3.4% of the total supply that will ever circulate. This impressive stake reaffirms the company’s ranking as the top bitcoin-holding public entity. According to the latest figures, Strategy has spent roughly $54.77 billion on its bitcoin portfolio to date, resulting in an average acquisition price of $75,985 per bitcoin. With bitcoin trading near $65,500 on Monday, the company currently faces a notional paper loss compared to its average purchase cost.
Strategy’s capital markets activity continues along the lines of its “42/42” plan, which targets $84 billion in equity and convertible bond offerings through 2027. The firm’s suite of preferred share classes each features unique dividend and risk characteristics, aimed at diversifying its investor base and strengthening its financial structure.
Just last week, Strategy also reported the acquisition of 592 bitcoins for a total of $39.8 million. This recent spree marks the firm’s 101st consecutive addition to its bitcoin position. Since 2020, Strategy has consistently financed its bitcoin accumulation primarily through the sale of company shares, illustrating a steadfast commitment to aligning its corporate treasury practices with a long-term bullish outlook on bitcoin’s price.
Moreover, management announced an increase in the annual dividend rate for its variable-rate Series A perpetual preferred stock (STRC), raising it from 11.25% to 11.5%, effective as of March 1. The dividend has now been raised for the seventh consecutive time since July 2025, reflecting the company’s ongoing effort to enhance returns for its income-focused shareholders.
These moves, particularly the adjustments to preferred share dividends, are seen as strategies to attract investors with an appetite for steady income. Despite the long-term investment focus, Strategy’s shares—listed on the Nasdaq—opened the new week down 1.5% in early trading. Meanwhile, CEO Michael Saylor has kept the public informed by sharing details of the purchases through the company’s dedicated bitcoin accumulation tracker on social media platforms.
The board of directors has announced that, starting March 1, the annual dividend rate for STRC shares will be set at 11.5%.
Strategy’s persistent investment approach, diversified financing tactics, and direct communication with stakeholders reinforce its reputation as a dominant institution within the digital asset landscape. As the company continues to expand its bitcoin reserves, industry watchers are closely monitoring the broader implications for both traditional finance and the cryptocurrency sector.
