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Home»Cryptocurrency & Free Speech Finance»Strategy Adds 3,015 Bitcoin as Holdings Top 720,737 BTC
Cryptocurrency & Free Speech Finance

Strategy Adds 3,015 Bitcoin as Holdings Top 720,737 BTC

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Strategy Adds 3,015 Bitcoin as Holdings Top 720,737 BTC
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Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, completed its 101st Bitcoin purchase, pushing its total holdings above 720,000 BTC.

The company acquired 3,015 Bitcoin (BTC) for $204.1 million last week, according to a US Securities and Exchange Commission filing on Monday.

Source: SEC

The average buy price of its latest purchase was $67,700 per BTC, marking another purchase well below the company’s average acquisition price of $75,985.

The purchase brings its holdings to 720,737 BTC, acquired for a total cost of about $54.8 billion, the company disclosed.

Another buy below Strategy’s cost basis

The latest buy is one of a small number of Strategy purchases made below the company’s average cost basis, according to data compiled by SaylorTracker, a website that tracks Strategy’s bitcoin acquisitions.

The first such purchase occurred on Feb. 9, when the company bought 1,142 BTC as market prices dipped below $76,051 during the week. Strategy reported the average acquisition price of that batch at $78,815, above the market price at the time.

Source: SaylorTracker

Strategy encountered a similar situation around 2022-2023, when BTC price dipped below its cost basis of around $30,600. The company completed a total of seven purchases of 28,560 BTC during that below-cost period.

MSTR shares rise modestly while Bitcoin trades near $65,800

Strategy (MSTR) shares saw some upward momentum last week, rising from around $125 on Monday to nearly $130 by Friday, according to TradingView.

Bitcoin, however, remained largely flat over the same period. The crypto asset started the week near $65,000, briefly surged above $69,000 on Wednesday, and dipped below $64,000 before stabilizing. At the time of publication, Bitcoin was trading at $65,834, according to TradingView.

Related: Strategy yield wrapper lands in Europe as 21Shares lists STRC ETP

The news came after Strategy chairman Saylor announced on Sunday that the company is raising the dividend on its STRC preferred stock, also known as “Stretch,” to 11.50% for March 2026, from the previous 11.25%.

The capital raised through the stock can be used for corporate purposes, including potential Bitcoin acquisitions.

Magazine: 6 massive challenges Bitcoin faces on the road to quantum security