Strategy, the company led by Michael Saylor, disclosed another Bitcoin purchase in a filing dated March 2, 2026. The firm bought 3,015 BTC between February 23 and March 1, spending about $204.1 million at an average price of $67,700 per coin.
That lifted Strategy’s total Bitcoin treasury to 720,737 BTC. Based on Bitcoin’s capped supply of 21 million coins, the holding now accounts for about 3.43% of the total possible supply. The purchase was described as the company’s 101st Bitcoin buy and its tenth straight week of consecutive accumulation.
Treasury size grows while the average cost stays above market price
According to the report, Strategy has spent roughly $54.77 billion to build its Bitcoin position. Its aggregate average cost stands at about $75,985 per BTC. With Bitcoin recently trading near $68,000, the company’s stash was valued at about $47.5 billion, leaving an unrealized loss of roughly $7 billion.
The latest purchase came in below that average cost basis. That detail matters. It shows the company is still adding during a period of lower market prices rather than pausing until Bitcoin returns to its overall entry level.
Stock sales remain the funding source for new BTC buys
To finance the latest purchase, Strategy raised capital through multiple equity-linked channels. The company brought in $229.9 million from sales of its common stock, MSTR, and another $7.1 million from a preferred stock identified as STRC. The report also said STRC’s dividend was increased to 11.50% for March 2026.
Those figures point to the same operating model the company has used repeatedly: raise funds in public markets, then direct that capital into Bitcoin. The report said Strategy’s 42/42 capital plan remains active, with a target of $84 billion in total funding by 2027.
Bitcoin rebound eases some balance-sheet pressure
As of March 3, 2026, Bitcoin had recovered to $68,179.42, a 7.69% gain over the past week, while its market capitalization stood at $1.36 trillion. That move did not erase Strategy’s unrealized loss, but it narrowed the gap between the spot price and the company’s blended acquisition cost.
The article also noted that MSTR shares fell nearly 3% after the update. Views on the company’s treasury strategy remain split in the source material: some see dividend obligations on preferred shares as a strain, while others argue that buying below the portfolio’s average cost could prove effective if Bitcoin returns to $76,000.