Strategy Reaches Century Milestone with 592 BTC Acquisition Worth $40M
In its 100th Bitcoin acquisition, Strategy purchased 592 BTC for approximately $39.8 million, bringing total reserves to 717,722 BTC.
In a transaction completed last week, Strategy acquired 592 Bitcoin for approximately $39.8 million, representing a significant milestone as the company's 100th Bitcoin purchase since implementing its Bitcoin treasury strategy in August 2020.
According to a filing submitted to the US Securities and Exchange Commission on Monday, this most recent acquisition elevates Strategy's total Bitcoin reserves to 717,722 BTC, accumulated for a combined cost basis of $54.56 billion. The company paid an average price of $67,286 per BTC for the newly purchased coins, with fees and expenses included in that figure.
Financing for the Bitcoin acquisition came from selling 297,940 shares of the company's Class A common stock through its at-the-market (ATM) offering program during the period spanning Feb. 17 through Feb. 22. These stock sales yielded approximately $39.7 million in net proceeds, the filing indicated.
In a Sunday post on the social media platform X, Strategy executive chairman Michael Saylor teased the upcoming milestone announcement by sharing a visual chart depicting the company's historical Bitcoin purchases, accompanied by the phrase "The Orange Century," terminology he frequently employs when discussing Bitcoin's prospects over the long term.
Nearly six years of accumulation
The SEC filing reveals that Strategy refrained from selling any shares of its preferred stock through its ATM programs during this particular reporting period. Throughout its Bitcoin accumulation journey, the company has maintained a consistent approach of leveraging equity issuance alongside other capital market instruments to fund its cryptocurrency purchases.
This most recent Bitcoin acquisition continues an ongoing pattern of weekly purchases throughout 2026, occurring even as Bitcoin's market price has remained beneath the company's average acquisition cost of $76,020 per coin.
Strategy initiated its Bitcoin purchasing program in August 2020 with an inaugural allocation of $250 million. Following that initial investment, the company has progressively built up its cryptocurrency holdings throughout various market cycles, establishing itself as the publicly traded corporation with the largest Bitcoin position.
Currently holding 717,722 BTC on its balance sheet with an approximate market value of $47.5 billion based on prevailing prices, the company's Bitcoin position continues to serve as a cornerstone of its corporate strategy and capital framework nearly six years following its inaugural purchase.
In another post shared on X dated Feb. 20, Saylor conveyed his unwavering confidence regarding Bitcoin's price trajectory over the long term.
"If it's not going to zero, it's going to a million."