Strategy Buys 3,015 BTC for $204M, Total Holdings Reach 720,737 Bitcoin

• Strategy bought 3015 BTC for 204 million and now holds 720737 BTC in total.

• Strategy controls over 3.4% of Bitcoin total supply through steady equity sales.

• The firm faces about $7.3 billion in unrealized losses at current Bitcoin prices.

Strategy expanded its bitcoin position with a fresh $204.1 million purchase, according to a new SEC filing. The company acquired 3,015 BTC between Feb. 23 and March 1. It paid an average price of $67,700 per coin. The disclosure appeared in an 8-K filing released Monday.

Michael Saylor’s ‘Strategy’ buys 3,015 Bitcoin worth $199 million. pic.twitter.com/fwNvR3cKO1

— Nehal (@nehalzzzz1) March 3, 2026

The latest purchase lifts Strategy’s total holdings to 720,737 BTC. The stash carries a market value near $47.5 billion. However, the company paid about $54.8 billion in total, including fees and expenses. Its average acquisition price stands at $75,985 per bitcoin.

As a result, the position reflects roughly $7.3 billion in unrealized losses at current prices. The holdings represent just over 3.4% of bitcoin’s fixed 21 million supply. Consequently, Strategy remains the largest corporate holder of the asset by a wide margin. The scale of ownership continues to shape market conversations around supply concentration.

Capital Programs Drive Ongoing Bitcoin Purchases

Strategy funded the latest acquisition through at-the-market equity sales. The company sold 1,730,563 MSTR shares for about $229.9 million last week. In addition, it issued 71,590 STRC shares for roughly $7.1 million. These programs continue to serve as primary funding channels for bitcoin accumulation.

As of March 1, Strategy still had $7.6 billion in MSTR shares available for sale. It also retained $3.5 billion in STRK shares under its ATM program. Moreover, the company operates several perpetual preferred stock programs. These include STRK, STRC, STRF, and STRD offerings.

STRK carries an 8% non-cumulative dividend and offers conversion into equity. STRF provides a 10% cumulative dividend and targets more conservative investors. Meanwhile, STRD remains non-convertible with a 10% non-cumulative dividend and higher risk exposure. STRC features a variable rate with cumulative monthly dividends.

Together, these programs total $31.5 billion in potential issuance capacity. They operate alongside Strategy’s broader “42/42” capital plan. That initiative targets $84 billion in equity and convertible notes through 2027. The company intends to channel those funds into further bitcoin acquisitions.

Recent Buying Pattern Signals Continued Accumulation

The new purchase follows another transaction announced last week. Strategy previously acquired 592 BTC for about $39.8 million. It paid an average price of $67,286 per coin in that round. That earlier deal brought holdings to 717,722 BTC before the latest addition.

Preferred stock STRC has gained importance in recent transactions. Analysts have noted its growing role in funding bitcoin purchases. Consequently, Strategy continues to rotate between equity and preferred instruments to raise capital. This approach allows ongoing accumulation despite price volatility.