Michael Saylor’s Strategy buys 3,015 bitcoin for $204 million as total holdings top 720,000 BTC

Strategy, the Bitcoin treasury company, purchased an additional 3,015 BTC for approximately $204.1 million between February 23 and March 1, increasing its total holdings to 720,737 BTC, as confirmed by Executive Chairman Michael Saylor. These acquisitions were financed using proceeds from at-the-market sales of its Class A common stock (MSTR) and perpetual Stretch preferred stock (STRC). The total holding represents over 3.4% of Bitcoin's eventual supply, though it implies unrealized losses based on current prices. Analysts view the STRC program as the "primary engine" for funding these bitcoin buys, positioning the company to accelerate bitcoin per-share growth. The article also notes that 193 public companies now hold Bitcoin, though many have seen their stock values contract significantly from previous peaks.

(Source：The Block)