- Strategy bought 592 BTC for nearly $40 million last week
- Total holdings now stand at 717,722 BTC worth about $48 billion
- The firm still has $37 billion available for future Bitcoin buys
Strategy, the largest corporate Bitcoin treasury company, added 592 BTC to its holdings last week, spending nearly $40 million at an average price of $67,286 per coin. The move brings its total Bitcoin stack to 717,722 BTC, currently valued at roughly $48 billion.
The purchase comes during a period of heightened volatility, with Bitcoin struggling to reclaim higher levels. While many firms have pulled back amid macro pressure, Strategy continues accumulating, reinforcing its long-term conviction model.
Funded Through Equity, Not Debt
According to a new SEC filing, the company financed the acquisition by selling 297,940 shares of its Class A common stock through its at-the-market program. The equity sale generated nearly $40 million in net proceeds after commissions.
Importantly, Strategy still retains substantial firepower. As of February 22, it has approximately $37 billion in remaining capacity across various ATM offerings. That figure suggests the firm is structurally positioned to continue scaling its Bitcoin position if it chooses to do so.
Strategy World and the Broader Narrative
The purchase coincides with Strategy World, the company’s flagship event focused on artificial intelligence, business intelligence, and Bitcoin innovation. Executive Chairman Michael Saylor is set to speak on digital credit, while CEO Phong Le will join Morgan Stanley’s Amy Oldenburg to discuss institutional Bitcoin strategy.
The timing reinforces Strategy’s positioning not merely as a software company holding Bitcoin, but as a corporate entity architected around Bitcoin as a strategic reserve asset.
What This Means for the Market
Strategy’s incremental buying may not move Bitcoin’s price immediately, especially in a liquidity-constrained environment. However, continued accumulation by a major corporate holder signals sustained institutional participation despite short-term volatility.
The company now controls a meaningful share of circulating Bitcoin supply. Each new purchase tightens available float, even if broader market sentiment remains cautious.
The Bigger Picture
Strategy’s model remains consistent: issue equity, acquire Bitcoin, and treat the asset as a long-term treasury anchor. Whether markets are euphoric or uncertain, the approach has not changed.
As macro uncertainty lingers and liquidity fluctuates, Strategy’s continued accumulation stands as a reminder that some institutional players are still building positions — not retreating from them.
