TLDR
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MicroStrategy acquired 3,015 bitcoin for approximately $204 million, expanding its total treasury to 720,737 BTC.
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The corporate bitcoin treasury carries a market value of approximately $47 billion based on current prices.
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The company’s average purchase price across its entire bitcoin position sits at $75,985 per coin.
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Funding for the acquisition came from at-the-market common stock sales and preferred equity offerings.
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MicroStrategy’s bitcoin treasury represents over 3.4% of the cryptocurrency’s maximum supply cap.
MicroStrategy (MSTR) completed another significant bitcoin acquisition during the final week of February. The business intelligence company added 3,015 bitcoin to its corporate treasury for approximately $204.1 million during the period spanning Feb. 23 through March 1.
The company paid an average price of roughly $67,700 per bitcoin for this recent batch. This transaction brings the total corporate bitcoin treasury to 720,737 BTC.
Since initiating its bitcoin accumulation strategy in 2020, MicroStrategy has deployed approximately $54.77 billion toward building its position. The cumulative average purchase price across all acquisitions stands at $75,985 per bitcoin.
With bitcoin trading around $65,500, the company’s total holdings carry a market value of approximately $47 billion. The current valuation sits below the total capital invested.
Financing Structure and Capital Deployment
MicroStrategy financed this purchase through strategic capital markets operations. The company sold over 1.73 million shares of Class A common stock, collecting approximately $229.9 million in net proceeds.
Preferred stock offerings contributed an additional $7.1 million after commission expenses, with 71,590 preferred shares issued. The company maintains substantial remaining capacity across both common and preferred equity instruments.
Approximately $7.6 billion in common stock remains available under the company’s at-the-market offering program. Billions in additional capacity exists through preferred stock vehicles and alternative financing mechanisms.
This acquisition aligns with the company’s multi-year treasury strategy. The “42/42” plan aims to raise $84 billion through equity and convertible debt offerings extending through 2027.
Bitcoin acquisitions represent the primary destination for these capital proceeds. This strategy creates direct correlation between corporate treasury performance and bitcoin market dynamics.
Market Position and Treasury Scale
MicroStrategy controls more than 3.4% of bitcoin’s total capped supply of 21 million coins. The company maintains its position as the largest publicly traded corporate bitcoin holder.
This transaction represents the 101st bitcoin purchase since the company initiated its strategy in 2020. Acquisitions have continued consistently across various market conditions and price environments.
The timing coincides with bitcoin trading in a consolidation phase. Recent market activity has kept the cryptocurrency anchored in the mid-$60,000 price range.
Preferred stock instruments have become increasingly prominent in the company’s funding mix as management seeks to manage dilution from common share issuance. Multiple preferred securities with varying dividend terms remain outstanding.
Fair-value accounting requirements led to substantial unrealized losses reported in late 2025 during a period of bitcoin price volatility. The company’s financial statements reflect ongoing exposure to cryptocurrency market fluctuations.
MicroStrategy maintains transparent disclosure practices through regular regulatory filings. Monday’s announcement confirmed total bitcoin holdings reaching 720,737 BTC following the most recent purchase.
