MicroStrategy’s “Strategy” Adds 3,015 BTC, Pushing Total Holdings Above 720,000 BTC
March 2 2026
MicroStrategy Inc., the publicly‑traded firm led by Michael Saylor that is now the world’s largest corporate holder of Bitcoin, announced its 101st acquisition of the cryptocurrency last week. The company bought 3,015 BTC for a reported $204.1 million, according to a filing with the U.S. Securities and Exchange Commission (SEC). The transaction brings MicroStrategy’s balance sheet to roughly 720,737 BTC, valued at about $54.8 billion in aggregate purchase price.
Transaction details
- Quantity purchased: 3,015 BTC
- Total cost: $204.1 million
- Average price paid: $67,700 per Bitcoin
- Current average cost basis: $75,985 per Bitcoin (the new batch was acquired at a price well below this level)
The SEC filing (Form 8‑K) released on Monday disclosed the purchase, and an accompanying chart from the SEC confirms the updated holdings figure.
A rare below‑cost‑basis buy
Buying Bitcoin at a price lower than the firm’s overall average cost is uncommon for MicroStrategy. Data compiled by the independent tracker SaylorTracker shows only a handful of such purchases since the company began its Bitcoin accumulation program in 2020. The first sub‑cost‑basis acquisition occurred on Feb. 9, when the firm added 1,142 BTC while the market price briefly slipped beneath $76,000. At that time the disclosed average price for the batch was $78,815—still above the spot price, but lower than the company’s cumulative cost basis.
A similar pattern emerged during the 2022‑2023 market correction when Bitcoin fell below MicroStrategy’s then‑cost basis of about $30,600. Over that period the company executed seven purchases totaling 28,560 BTC, taking advantage of the dip.
Stock performance and broader market context
MicroStrategy’s common stock (ticker MSTR) showed modest upward momentum following the announcement. TradingView data indicates the share price moved from roughly $125 on Monday to near $130 by Friday. The rise was modest compared with the volatility of Bitcoin itself, which hovered around $65,800 throughout the week, briefly spiking above $69,000 before retreating below $64,000 and settling near $65,834 at the time of writing.
Dividend increase on the STRC “Stretch” preferred
The Bitcoin purchase news came on the heels of an announcement from MicroStrategy’s board that the dividend on its STRC preferred shares—often referred to as the “Stretch” instrument—will be raised to 11.50% for the March 2026 distribution, up from 11.25%. The extra yield, funded by capital raised through the preferred‑stock offering, can be redeployed for corporate purposes, including potential future Bitcoin acquisitions.
Analyst commentary
- Cost‑basis strategy: Buying below the average cost basis tightens the firm’s overall position and may improve the long‑term return outlook if Bitcoin continues its historical upward trajectory.
- Capital allocation: The dividend hike signals confidence that the company can sustain high yields while still retaining sufficient cash for additional purchases.
- Market signaling: MicroStrategy’s continued buying activity—even in a relatively flat price environment—reinforces its long‑term bullish stance and may influence other institutional investors watching the firm’s moves.
Key takeaways
- New purchase: 3,015 BTC for $204.1 M at $67,700 each, below the firm’s $75,985 average cost.
- Total holdings: Approximately 720,737 BTC, representing a cumulative spend of $54.8 B.
- Rare sub‑cost buy: Only a few of the company’s 101 purchases have been made at prices lower than the overall average, highlighting strategic timing.
- Share price: MSTR shares edged up modestly after the filing, but crypto price action remained largely unchanged.
- Dividend update: STRC preferred dividend increased to 11.50% for March 2026, offering additional cash‑flow flexibility for future purchases.
MicroStrategy’s continued accumulation underscores its commitment to treating Bitcoin as a core treasury asset, a stance that could shape corporate cryptocurrency strategies for years to come.
Source: https://cointelegraph.com/news/strategy-michael-saylor-3k-bitcoin-buy-101-purchase?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
