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Strategy Buys $1.28 Billion in Bitcoin, Lifting Treasury to 738,731 BTC

The company financed the weeklong purchase through at-the-market stock sales alongside STRC preferred issuance.

Strategy’s 101st Bitcoin buy: How will corporate treasury demand reshape BTC?
Strategy splashes $1.28b in latest 17,994 btc purchase
Michael saylor's strategy made $1.3 billion bitcoin purchase last week
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Overview

  • An SEC filing shows Strategy bought 17,994 BTC between March 2 and March 8 at an average price of $70,946 per coin.
  • The $1.28 billion outlay was funded by selling 6,327,541 Class A shares for about $899.5 million and 3,776,205 STRC preferred shares for roughly $377.1 million.
  • After the buy, total holdings stand at 738,731 BTC acquired for approximately $56.04 billion at an average cost of $75,862 per bitcoin.
  • The firm reported remaining issuance capacity of about $6.71 billion in common stock and $3.16 billion in STRC, and it amended its sales agreement to allow a second agent to transact outside regular hours.
  • Shares of MSTR rose roughly 3.7% in morning trading as bitcoin gained around 5%, while the company’s stash now represents more than 3.4% of the asset’s fixed supply.