Strategy, the world’s largest publicly traded corporate holder of Bitcoin, carried out a modest purchase last week, acquiring 592 BTC for nearly $40 million. The move represents the company’s 100th purchase since it implemented its Bitcoin-centered treasury approach back in August 2020.
Strategy Buys More BTC Even With $7 Billion Paper Loss
According to an 8-K filing with the U.S. Securities and Exchange Commission on Monday, the Tysons Corner, Virginia-based firm spent $39.8 million on 592 Bitcoin between Feb. 17 and Feb. 22 at an average price of $67,286 per BTC, inclusive of fees and expenses.
Strategy’s total Bitcoin holdings have climbed to 717,722 coins, accumulated at a combined cost of $54.56 billion — translating to an average purchase price of $76,020 per coin. With the alpha crypto trading slightly above $65,399, the stake currently reflects an unrealized loss of about $7.1 billion.
Relative to Bitcoin’s hard supply limit of 21 million coins, that haul represents over 3.4% of the total possible circulation.
The company’s latest purchase was funded with proceeds from issuing its Class A common stock, MSTR. Last week, Strategy sold 297,940 MSTR shares, generating roughly $39.7 million. The company added that, as of Feb. 22, about $7.8 billion in MSTR stock remains authorized for future issuance and sale under the existing program.
Strategy’s executive chairman, Michael Saylor, as usual, foreshadowed the milestone before the official disclosure. In a Sunday post on X, he shared a chart highlighting the company’s past Bitcoin purchases, accompanied by the caption, “The Orange Century”.
Strategy initiated its Bitcoin buying program in August 2020 with a $250 million investment. Over time, the company continued to build its position through successive market cycles, ultimately emerging as the largest publicly traded corporate holder of Bitcoin. Strategy has continued its Bitcoin accumulation in 2026, showing no slowdown despite the prevailing challenging market conditions.
As ZyCrypto reported, Saylor recently reiterated his conviction in Bitcoin’s long-term upside, stating, “If it’s not headed to zero, it’s headed to a million.”
Source: https://zycrypto.com/michael-saylors-strategy-acquires-another-592-bitcoin-for-40-million-in-100th-btc-purchase-ever/
