Key Highlights
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MicroStrategy added 3,015 bitcoin to its treasury for approximately $204 million, pushing total reserves to 720,737 BTC.
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At current trading levels, the firm’s bitcoin reserve carries a market value of approximately $47 billion.
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The company’s average cost per bitcoin across its entire portfolio sits around $75,985.
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Financing for this acquisition came from at-the-market equity sales and preferred share issuance.
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The company’s position represents over 3.4% of bitcoin’s maximum supply of 21 million coins.
MicroStrategy (MSTR) has bolstered its bitcoin treasury with yet another significant acquisition. During the week ending March 1, the enterprise software firm purchased 3,015 bitcoin for approximately $204.1 million.
This recent batch was secured at an average price of roughly $67,700 per coin. With this addition, the company’s cumulative bitcoin holdings now total 720,737 BTC.
Since initiating its bitcoin accumulation strategy in 2020, MicroStrategy has invested approximately $54.77 billion. The weighted average acquisition cost across all purchases stands at nearly $75,985 per bitcoin.
With bitcoin trading around $65,500, the company’s entire digital asset holdings carry a market valuation of roughly $47 billion, representing an unrealized loss against the total cost basis.
Capital Raising and Financing Approach
This acquisition was made possible through recent capital market transactions. Strategy executed sales of over 1.73 million Class A common shares, yielding net proceeds of approximately $229.9 million.
Additionally, the firm issued 71,590 preferred shares, bringing in roughly $7.1 million after deducting commissions. Substantial capacity remains available under existing equity programs for future transactions.
MicroStrategy maintains approximately $7.6 billion in available common stock under its at-the-market offering program. Multiple billions more can be accessed through preferred equity instruments and alternative financing mechanisms.
These acquisitions align with the company’s multi-year capital allocation framework. The firm’s “42/42” blueprint envisions raising $84 billion through equity and convertible debt offerings by 2027.
Company leadership plans to deploy these capital raises predominantly toward expanding bitcoin reserves. This strategy creates direct exposure between corporate treasury performance and bitcoin’s market trajectory.
Portfolio Scale and Market Dominance
Strategy currently owns more than 3.4% of bitcoin’s finite 21-million-coin supply. The firm maintains its status as the world’s largest publicly traded corporate bitcoin holder.
This represents the company’s 101st separate bitcoin acquisition since initiating its strategy in 2020. MicroStrategy has maintained consistent buying activity across various market conditions.
The most recent purchases occurred while bitcoin has been consolidating. The digital asset has maintained relatively stable pricing in the mid-$60,000 territory through recent trading sessions.
MicroStrategy has progressively shifted toward preferred stock instruments to minimize dilution impact on existing common shareholders. Multiple preferred share classes with varying dividend characteristics are currently outstanding.
The enterprise reported substantial net losses in late 2025 primarily attributable to unrealized bitcoin impairments under fair-value accounting standards. Corporate financial performance remains directly correlated with bitcoin price fluctuations.
MicroStrategy maintains transparency regarding its bitcoin activity through regular regulatory filings. Following Monday’s disclosure, confirmed holdings stand at 720,737 BTC.
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