Strategy ($MSTR) Buys $204 Million in Bitcoin, Holdings Climb to 720,737 BTC

Strategy, led by Executive Chairman Michael Saylor, announced the acquisition of 3,015 Bitcoin for approximately $204.1 million between February 23 and March 1, at an average price of $67,700 per coin. This purchase raised the company's total Bitcoin holdings to 720,737 BTC, valued at over $47 billion, representing more than 3.4% of the eventual 21 million supply cap.

The acquisition was funded through at-the-market sales of common stock (MSTR), generating about $229.9 million in net proceeds, and preferred stock (STRC), raising $7.1 million. These capital markets activities support Strategy's "42/42" plan aimed at funding further Bitcoin acquisitions through 2027. Despite the recent purchase, the company's aggregate cost basis of roughly $75,985 per coin means its position reflects an unrealized loss given Bitcoin's trading price near $65,500 on Monday.

Additionally, Strategy's board approved an increase to the annual dividend rate on its STRC preferred shares from 11.25% to 11.5%, marking the seventh consecutive hike to enhance the stock's appeal to income investors.

(Source：Bitcoin Magazine)