Bitcoin News: MSTR Stock Price Climbs as Strategy Adds $1.28B in BTC

Key Insights:

• Strategy bought 17,994 BTC for $1.28 billion from March 2 to 8 at an average price of $70,946 per coin.
• MSTR stock rose in premarket after the filing; Strategy funded the purchase with $899.5M in MSTR sales and $377.1M in STRC sales.
• The company now holds 738,731 BTC acquired for $56.04 billion at an average cost of $75,862 per bitcoin.

Strategy added 17,994 BTC between March 2 and March 8 for about $1.28 billion, according to an 8-K filing with the U.S. SEC.

The company paid an average price of $70,946 per bitcoin for the latest purchase. That move pushed Strategy’s total bitcoin holdings to 738,731 BTC.

The company said those holdings were acquired for about $56.04 billion at an average cost of $75,862 per bitcoin, including fees and expenses.

The latest purchase kept Strategy’s weekly buying streak in place and added to its position as the largest corporate holder of Bitcoin. Additionally, MSTR stock price moved higher in premarket trading.

Strategy Adds 17,994 BTC in Weekly Purchase

The new purchase came during a week when bitcoin traded under pressure. Even so, Strategy continued to add to its treasury and completed its 11th straight weekly Bitcoin purchase, based on the company’s recent buying pattern.

The filing showed that the 17,994 BTC purchase was the company’s second-largest Bitcoin acquisition of the year. It followed the smaller 3,015 BTC purchase announced last week.

That earlier transaction was valued at about $204 million and lifted the company’s holdings to 720,737 BTC before the latest update.

Michael Saylor, Strategy’s co-founder and executive chairman, signaled the move before the filing became public.

He posted the firm’s Bitcoin tracker on X with the phrase “The Second Century Begins.” That’s a reference to the company passing 100 separate bitcoin purchases. Strategy’s Bitcoin reserves now represent more than 3.4% of bitcoin’s fixed 21 million supply.

MSTR Stock Price Climbs After BTC Purchase

MSTR stock price moved higher in premarket trading after the Bitcoin purchase became public. That rebound followed weakness late last week, when Strategy shares fell 4.5% on Friday to close at $133.53.

Premarket trading indicated that the stock had pared much of its earlier decline. Today, MSTR stock traded at $137.59 as of 12:10 PM EDT. The stock was up 3.04% on the day, reflecting intraday gains amid positive market momentum.

Reports tied that move to investor reaction after the company disclosed the latest Bitcoin addition. This confirmed that the purchase was financed through fresh equity issuance.

Strategy’s stock had still been under pressure on a broader timeframe. Data cited in market coverage showed the company’s market cap-to-net asset value ratio had contracted sharply from summer 2025 levels.

Stock Sales Funded the $1.28B Bitcoin Buy

Strategy funded most of the latest Bitcoin purchase through at-the-market stock sales. The filing showed that the company sold 6,327,541 shares of its Class A common stock, MSTR, for about $899.5 million.

The company also sold 3,776,205 shares of its STRC perpetual preferred stock for about $377.1 million. Together, those two sales covered the bulk of the capital used for the bitcoin purchase announced on Monday.

As of March 8, Strategy still had about $6.71 billion in MSTR shares available for issuance and sale under that program. It also had about $3.16 billion in STRC shares still available. Those remaining balances leave the company with room for additional capital raises tied to future bitcoin purchases.

Capital Plans Remain in Place

The latest funding activity sits alongside Strategy’s wider capital plan. The company has outlined its “42/42” plan. It targets a total capital raise of $84 billion through equity offerings and convertible notes for bitcoin purchases through 2027.

In addition, Strategy’s ATM programs for STRK, STRC, STRF, and STRD remain active. Those programs total billions of dollars and provide the company with several ways to keep raising capital.

At the same time, they manage different investor demand profiles across common and preferred instruments.

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