Strategy Completes 101st Bitcoin Acquisition with $204M Purchase Led by Michael Saylor
In its 101st acquisition, Strategy purchased 3,015 Bitcoin at an average price of $67,700 per coin, representing another transaction below its average cost basis while pushing total reserves to 720,737 BTC.
Strategy, led by Michael Saylor and recognized as the largest publicly-traded corporate holder of Bitcoin globally, has finalized its 101st acquisition of the digital asset, elevating its aggregate reserves beyond the 720,000 BTC threshold.
Last week, the firm purchased 3,015 Bitcoin (BTC) in a transaction valued at $204.1 million, as documented in a filing submitted to the US Securities and Exchange Commission this Monday.
The company's most recent acquisition carried an average purchase price of $67,700 per BTC, representing yet another transaction executed substantially beneath the firm's overall average acquisition cost of $75,985.
With this latest transaction, the company's total Bitcoin holdings now stand at 720,737 BTC, representing a cumulative investment of approximately $54.8 billion, according to the company's disclosure.
Strategy executes another acquisition beneath its average cost basis
This most recent transaction represents one of only a handful of Strategy purchases executed below the firm's average cost basis, based on information gathered by SaylorTracker, a dedicated platform that monitors Strategy's bitcoin purchasing activity.
The initial instance of such a below-cost-basis purchase took place on Feb. 9, when the firm acquired 1,142 BTC during a week when market valuations fell beneath $76,051. Strategy disclosed that the average purchase price for that particular batch was $78,815, which exceeded the prevailing market rate at that time.
The company faced a comparable scenario during the 2022-2023 timeframe, when BTC valuations dropped below its cost basis of approximately $30,600. Throughout that period of below-cost purchasing, the firm executed a total of seven separate acquisitions totaling 28,560 BTC.
MSTR stock experiences modest gains as Bitcoin hovers around $65,800
Shares of Strategy (MSTR) experienced some positive price action throughout last week, climbing from approximately $125 on Monday to approach $130 by the close of trading on Friday, based on data from TradingView.
Bitcoin, on the other hand, showed relatively flat performance throughout the same timeframe. The cryptocurrency began the week hovering near $65,000, experienced a brief rally above $69,000 on Wednesday, and subsequently fell below $64,000 before finding support. As of the time of writing, Bitcoin was changing hands at $65,834, according to TradingView data.
This development followed an announcement made on Sunday by Strategy chairman Saylor regarding the company's decision to increase the dividend on its STRC preferred stock, commonly referred to as "Stretch," to 11.50% for March 2026, up from the prior rate of 11.25%.
The proceeds generated through the issuance of this stock may be allocated for general corporate purposes, which could include additional Bitcoin purchases in the future.