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Strategy marks its 100th Bitcoin purchase
Strategy added 592 BTC for about $39.8 million in its 100th acquisition since it began a Bitcoin-focused treasury approach in August 2020. The latest buy boosts the company’s total holdings to 717,722 BTC, acquired at an aggregate cost of $54.56 billion, according to a recent U.S. Securities and Exchange Commission filing. The newly purchased coins were bought at an average price of $67,286 per BTC, inclusive of fees and expenses.
Funding the purchase and ATM sales
The SEC filing shows the most recent Bitcoin buy was funded by the sale of 297,940 shares of Strategy’s Class A common stock through its at-the-market (ATM) offering program between Tuesday and Sunday. Those equity sales generated approximately $39.7 million in net proceeds, which were immediately deployed to acquire additional BTC. Strategy continues to rely on equity issuance and capital markets tools to scale its corporate Bitcoin treasury.
Weekly accumulation amid price below company average
The purchase continues a string of weekly acquisitions through 2026, even while spot Bitcoin has traded below Strategy’s overall average purchase price of $76,020 per coin. The company has remained consistent in its accumulation approach across multiple market cycles, reinforcing its positioning as one of the largest publicly traded corporate holders of Bitcoin.
Nearly six years of accumulation
Strategy began allocating to Bitcoin in August 2020 with an initial $250 million commitment. Nearly six years later, with 717,722 BTC on its balance sheet — valued at roughly $47.5 billion at current market prices — the company’s exposure to Bitcoin remains central to its capital structure and corporate strategy. The SEC filing also notes that Strategy did not sell any of its preferred stock under ATM programs during the reporting period.
Leadership outlook and market signals
Executive chairman Michael Saylor hinted at the milestone ahead of the filing in a post on X, sharing historical purchase data and referring to the long-term Bitcoin narrative. In a separate message on Feb. 20, Saylor reiterated bullish long-term convictions for Bitcoin’s price trajectory. The company’s ongoing treasury management, transparent SEC disclosures, and systematic use of ATM offerings are important signals for institutional investors tracking corporate crypto treasuries.
As major corporations continue to define treasury strategies around Bitcoin and other digital assets, Strategy’s milestone 100th purchase underlines the persistent role of equity-backed financing and disciplined buying in building significant BTC reserves.
Source: cointelegraph
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