MicroStrategy buys $204M more BTC — adds 3,015 coins, holdings top 720,000
MicroStrategy disclosed via SEC filings that it continued to use an at‑the‑market (ATM) equity program to buy bitcoin. Between Feb 23 and Mar 1, 2026 the company purchased 3,015 BTC for about $204.1 million at an average price near $67,700 per coin, funded by proceeds from selling 1,730,563 Class A shares (MSTR) and 71,590 variable‑rate perpetual preferred shares (STRC), which netted roughly $237.1 million after commissions. Combined with an earlier reported February purchase (1,142 BTC bought Feb 2–8 for ~$90M at ≈$78,815 each), MicroStrategy’s total holdings reached 720,737 BTC as of Mar 1, 2026, with a cumulative cost basis near $54.77 billion and a historical average cost around $75,985 per BTC. The company also announced certain preferred‑share dividend actions and continues to link corporate strategy to BTC accumulation, using equity issuance and ATM proceeds to incrementally expand its bitcoin treasury. Key SEO keywords: MicroStrategy, Bitcoin, BTC, MSTR, ATM offering, institutional accumulation.
Bullish
MicroStrategy’s fresh purchases funded by ATM equity raises are a continued source of incremental, predictable institutional demand for BTC. The company added 3,015 BTC (~$204M) at an average price (~$67.7k) and earlier bought 1,142 BTC in February, bringing total holdings above 720k BTC. For traders, this is bullish for bitcoin price pressure because: 1) steady corporate accumulation reduces available supply on exchanges and signals long-term buy-side demand; 2) financing via equity issuance links capital markets to BTC flows, potentially creating repeatable buying events that coincide with share sales; 3) the net bought amount is modest relative to global daily volume, so short-term price spikes may be limited, but the psychological and structural effect of a large, public treasury buyer supports longer-term upside. Risks that temper the bullish view include MicroStrategy’s large average cost basis (historical average ≈$76k) which could prompt selling of equities or other hedging if BTC falls, and the fact that company purchases are episodic and dependent on equity market conditions. Overall, expect a modest bullish impact on BTC: supportive to medium‑term sentiment and supply dynamics, while short‑term volatility will still be driven by broader macro and on‑chain flows.