Mstr Stock Edges Higher After Strategy Adds 3,015 BTC in Latest Weekly Buy
Michael Saylor’s company, Strategy, bought 3, 015 Bitcoin between February 23 and March 1, a move that extends its weekly accumulation streak to 10 consecutive purchases and keeps mstr stock squarely tied to Bitcoin’s price action as geopolitical risk lingers.
Mstr Stock and market reaction
In premarket trading the mstr stock was down by less than 1%, with the position later opening in the green and trading around $133, up more than 2% from a prior close of $129. These shifts matched broader crypto swings: Bitcoin climbed above $66, 000 after having fallen to as low as $63, 000 over the weekend. Market pricing cited here reflects conditions as of market open (ET) for equities and as of this morning (ET) for Bitcoin.
Latest Bitcoin purchase details
An SEC filing shows the company acquired 3, 015 BTC for $204. 1 million, at an average price of $67, 700 per coin. The filing says Strategy paid for the purchase using net proceeds from recent sales of its own securities: $229. 9 million raised from the sale of 1. 7 million MSTR shares and $7. 1 million from the sale of 71, 590 STRC shares. The company now holds 720, 737 BTC in total, which it acquired for roughly $54. 77 billion at an average price of $75, 985 per Bitcoin.
This latest buy follows the firm’s 100th BTC purchase, a prior acquisition of 592 BTC for $39. 8 million, and marks the 10th consecutive weekly purchase dating back to December of last year. The pattern confirms a steady accumulation strategy centered on converting proceeds from equity and structured-security sales into additional Bitcoin holdings.
Risk backdrop and forward look
Bitcoin is facing downside risks amid the ongoing U. S. -Iran war; prices dropped to near $63, 000 when the U. S. first attacked Iran and have since held above $65, 000. The company is sitting on an unrealized loss of just over $7 billion given its aggregate cost basis and current BTC pricing. The filing and public commentary from executive leadership note that the firm can withstand the current market downtrend and does not need to liquidate BTC positions.
Separately, the company increased its Stretch Dividend Rate by 25 basis points to 11. 50% for this month. The filing indicates that STRC’s at-the-market program helped fund part of recent Bitcoin purchases; if demand for the Bitcoin-backed security increases, that mechanism could enable more frequent portfolio additions. Observables to watch in the near term include continued stock sales used to fund purchases, weekly SEC disclosures of BTC buys, and whether Bitcoin holds above the current support level as geopolitical tensions evolve.
Key takeaways
- Strategy bought 3, 015 BTC between Feb. 23–Mar. 1 for $204. 1 million (avg. $67, 700 per BTC).
- The company now holds 720, 737 BTC (aggregate cost about $54. 77 billion, avg. $75, 985 per BTC) and has made 10 straight weekly purchases.
- Purchases were funded by sales of MSTR and STRC shares; the firm is carrying an unrealized loss of just over $7 billion.
