Michael Saylor's led Strategy has bought an additional 3,015 Bitcoin as MSTR stock dipped nearly 3% in premarket trading to $129.50. The company continues its weekly accumulation plan even as Bitcoin trades below its average entry price. The latest purchase came between February 23 and March 1, according to a filing with the U.S. Securities and Exchange Commission. Strategy spent $204.1 million at an average price of $67,700 per Bitcoin. Strategy Expands Bitcoin Holdings Strategy formerly Microstrategy now holds 720,737 BTC acquired for about $54.8 billion, including fees and expenses. According to the filing, the average purchase price across all holdings stands at $75,985 per Bitcoin. At current market prices, the company’s holdings are worth about $47.5 billion. This places Strategy at more than 3.4% of Bitcoin’s total 21 million supply cap. The firm has now completed 10 consecutive weekly Bitcoin purchases. Last week, as we reported, it acquired 592 BTC for approximately $39.8 million at an average price of $67,286 per coin. Michael Saylor signaled the latest purchase on X yesterday, as we reported, with the caption ”The Turn of the Century.” The company continues to follow a structured acquisition approach through equity and preferred stock offerings. Funding Through Equity and Preferred Stock Strategy funded the latest Bitcoin acquisition through at the market sales of its Class A common stock, MSTR. It also used proceeds from its perpetual preferred stock, STRC. Between February 23 and March 1, the company sold over 1.73 million MSTR shares for approximately $229.9 million. As of March 1, around $7.6 billion worth of MSTR shares remain available for issuance. The firm also sold 71,590 STRC shares for roughly $7.1 million. About $3.5 billion worth of STRC shares remain available under that program. Strategy operates several preferred stock programs, including STRK, STRC, STRF, and STRD. These programs form part of its “42/42” capital plan, which targets $84 billion in total funding through 2027. STRC offers variable rate cumulative dividends paid monthly. Recently, as we reported, the company raised STRC’s dividend rate by 25 basis points to 11.5% for March. MSTR Stock Forecast and Market Context MSTR stock traded nearly 3% lower in premarket activity following the announcement. The decline comes after an earlier monthly drop of 14% in February. Bitcoin price recently fell to $63,000 amid rising tensions between the United States and Iran. However, it has since recovered and is holding above $65,800. Source: CoinCodex Despite trading below its average purchase price, Strategy continues to accumulate Bitcoin. The company currently faces an unrealized loss of over $7 billion based on current prices. Still, Michael Saylor has stated in prior remarks that the firm does not need to liquidate its holdings. Moreover, Saylor’s earlier prediction last year aligned with the recent Eric Trump forecast that the BTC price could eventually hit $1,000,000. Should BTC not recover, Strategy maintains that it can withstand market downturns up to $8,000 while continuing its long-term Bitcoin strategy.
