Overview
- Strategy acquired 3,015 BTC for about $204.1 million between Feb. 23 and Mar. 1 at an average price of $67,700.
- Total bitcoin holdings rose to 720,737 BTC acquired for roughly $54.77 billion, with an average cost of about $75,985 per coin.
- Funding came primarily from at-the-market sales of 1.73 million MSTR shares for $229.9 million, plus $7.1 million from issuing 71,590 STRC preferred shares.
- The board lifted STRC’s annualized dividend to 11.5% for March, the seventh increase since launch to help keep the preferred near its $100 par value.
- The transaction was the company’s 101st bitcoin purchase as management signals a pivot toward preferred capital to sustain accumulation.