MicroStrategy Acquires 3,015 Bitcoin, Boosting Treasury to Over 720,000 BTC

2 hour ago 10 sources positive

Key takeaways:

  • MicroStrategy's ATM equity funding for BTC purchases shows a strong institutional capital rotation into crypto.
  • The company's average cost basis above current price signals a long-term conviction play, not short-term trading.
  • Investors should monitor MSTR stock as a leveraged Bitcoin proxy, especially during ETF flow fluctuations.

MicroStrategy Inc., the enterprise software company led by Bitcoin advocate Michael Saylor, has significantly expanded its cryptocurrency holdings with a major purchase in late February 2026. According to an official Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the company acquired an additional 3,015 Bitcoin (BTC) between February 23 and March 1.

The purchase was executed at an average price of approximately $67,700 per Bitcoin, inclusive of fees and expenses, resulting in a total expenditure of about $204.1 million. This acquisition was funded through the company's at-the-market (ATM) equity offering program, which successfully raised $237.1 million in net proceeds during the same period. The primary source was the sale of 1,730,563 shares of its Class A Common Stock (MSTR), netting $229.9 million, supplemented by $7.1 million from the sale of preferred stock.

Following this latest acquisition, MicroStrategy's total Bitcoin treasury now stands at a staggering 720,737 BTC. The company has spent a combined total of roughly $54.77 billion to build this position, with an average purchase price across all holdings of $75,985 per coin. This move solidifies MicroStrategy's status as the undisputed leader among corporate Bitcoin treasuries and reflects its continued, unwavering confidence in Bitcoin's long-term value proposition.

In a related corporate update, MicroStrategy also announced an increase in the regular annual dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) from 11.25% to 11.50%, effective for monthly periods beginning March 1, 2026.

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