In its 101st purchase, Strategy bought 3,015 Bitcoin for $67,700 each. This was another buy below cost basis, bringing its total holdings to 720,737 BTC.
Michael Saylor’s Strategy, the world’s biggest public holder of Bitcoin, bought its 101st Bitcoin, bringing its total holdings to almost 720,000 BTC.
According to a filing with the US Securities and Exchange Commission on Monday, the corporation bought 3,015 Bitcoin (BTC) at $69,469 for $204.1 million last week.
The corporation paid an average of $67,700 per BTC for its most recent transaction, which is far below its average acquisition price of $75,985.
The business said that the purchase brought its overall holdings to 720,737 BTC, which cost around $54.8 billion.
Another purchase below Strategy’s cost base
SaylorTracker, a website that keeps track of Strategy’s bitcoin transactions, says that the most recent buy is one of just a few that were purchased for less than the company’s usual cost basis.
The corporation made its first such buy on February 9, when it acquired 1,142 BTC because the market price fell below $76,051 during the week. Strategy said that the average price for that batch was $78,815, which was more than the market price at the time.
Around 2022–2023, Strategy had a similar problem when the price of BTC fell below its cost basis of about $30,600. During that time when the price was below cost, the company bought a total of 28,560 BTC in seven transactions.
MSTR shares edge higher as Bitcoin trades sideways
TradingView says that Strategy (MSTR) shares went up last week, going from about $125 on Monday to almost $130 on Friday.
Bitcoin, on the other hand, stayed virtually the same during that time. The crypto asset started the week at over $65,000, went up to over $69,000 on Wednesday, then fell below $64,000 before settling down. TradingView said that Bitcoin was worth $65,834 at the time of writing.
The revelation comes after Strategy chairman Saylor said on Sunday that the business is raising the dividend on its STRC preferred stock, which is commonly known as “Stretch,” from 11.25% to 11.50% for March 2026.
The money made from selling the shares can be used for business reasons, such buying Bitcoin.