By Mackenzie Tatananni
Strategy, the world's largest corporate holder of Bitcoin, has come under increased scrutiny as the price of cryptocurrencies wavers. A securities filing shows the company purchased even more Bitcoin last week.
The company disclosed on Monday that it had snapped up 3,015 tokens in the period between Feb. 23 and March 1 for a total of $204.1 million, or roughly $67,700 apiece. Strategy separately sold $237.1 million worth of stock under its at-the-market equity offering program. The company relies on these sales to fund its Bitcoin purchases.
The latest acquisition brings Strategy's Bitcoin holdings to 720,737 tokens with an average purchase price of $75,985. Bitcoin was up 5.5% over the past 24 hours to $68,903, according to CoinDesk data. The price of the world's largest cryptocurrency earlier slipped to $63,254 amid conflict in the Middle East.
Strategy, meanwhile, advanced 7%. The company has faced mounting criticism regarding the volatility of its treasury model and the resulting impact on its financial stability. Shares were caught in the crossfire last week amid a broad-based selloff in technology stocks that caused the price of cryptos to slide.
Bullish as ever, Strategy chairman and co-founder Michael Saylor hinted in a social media post over the weekend that the company stood by its Bitcoin bet and would be announcing another purchase. "The Turn of the Century," Saylor captioned a chart depicting Strategy's past purchases.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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March 02, 2026 10:51 ET (15:51 GMT)
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