MSTR’s Bitcoin Hoard Hits 720k BTC: The Saylor Saga Continues (Spoiler: It’s Still Not a Ponzi Scheme)

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Key Highlights

  • Strategy completed its 101st bitcoin purchase, adding 3,015 BTC at an average price of $67,700. Because who needs diversification when you can just buy more crypto and hope it works out?
  • Total holdings now stand at 720,737 BTC, acquired for $54.77 billion at an average of $75,985 per BTC. A staggering amount of money, or just a small fortune depending on your day.
  • The latest purchase was funded through ATM share sales, according to a new SEC filing. Because nothing says “financial prudence” like selling shares to fund your crypto obsession.

In a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the company said it acquired the bitcoin between February 23 and March 1, 2026, spending approximately $204.1 million at an average price of $67,700 per BTC, inclusive of fees and expenses. Because why not throw in some fees for good measure?

Following the latest acquisition, Strategy now holds 720,737 bitcoin as of March 1, 2026. That’s enough to make Satoshi Nakamoto blush-or maybe just Google “how to invest in real estate.”

Strategy has acquired 3,015 BTC for ~$204.1 million at ~$67,700 per bitcoin. As of 3/1/2026, we hodl 720,737 $BTC acquired for ~$54.77 billion at ~$75,985 per bitcoin. $MSTR $STRC

– Michael Saylor (@saylor) March 2, 2026

The company has spent around $54.77 billion to accumulate its bitcoin position, with an average purchase price of $75,985 per BTC. The most recent buy came in well below that level, slightly lowering the firm’s overall cost basis. A reminder that even billionaires can’t resist a “sale.”

Strategy remains the world’s largest known corporate holder of Bitcoin. Because nothing says “financial stability” like owning a cryptocurrency that could technically be worth zero tomorrow.

Strategy confirmed that the purchase was funded using proceeds from its at-the-market offering program. Because selling shares is just a fancy way of admitting you’re not as rich as you thought.

During the same period, the company sold:

  • 1,730,563 shares of MSTR common stock, raising about $229.9 million in net proceeds. A small price to pay for a shot at crypto glory.
  • 71,590 shares of STRC preferred stock, raising approximately $7.1 million. Because why not?
  • The company said the proceeds were used directly to acquire bitcoin. Because nothing says “sound business strategy” like trading paper for digital paper.

Alongside the bitcoin update, Strategy announced a higher dividend rate on its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), increasing the annual rate from 11.25% to 11.50%, effective for monthly periods starting March 1, 2026. Because who doesn’t want to pay 11.5% interest on their savings?

The board also declared cash dividends across multiple preferred share classes, all payable on March 31, 2026. Strategy expects the payouts to be treated as non-taxable return of capital for U.S. federal income tax purposes, depending on individual shareholder tax basis. Because nothing says “generosity” like letting shareholders deduct their losses as a tax benefit.

The 3,015 BTC acquisition marks Strategy’s 101st bitcoin purchase, coming shortly after the company publicly highlighted its 100th buy as a major milestone. Because 100 is a round number, and round numbers are apparently the only metrics that matter.

The filing reinforces that Strategy continues to execute its long-term bitcoin accumulation strategy, using equity market access to steadily grow its position rather than time short-term price moves. A masterclass in pretending to have a plan.

With more than 720,000 BTC now on its balance sheet, Strategy’s bitcoin exposure remains one of the most significant corporate bets on the asset to date. Because nothing says “corporate wisdom” like betting your company’s future on a digital ledger.

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2026-03-02 16:21