Tuesday, January, 21, 2025

Strategy Buys 592 BTC for $39M as Accumulation Drive Expands

Strategy marks its 100th Bitcoin purchase with a 592 BTC buy, funded by $39.7M in share sales, as holdings rise to 717,722 BTC.
Strategy
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Areeba Rashid

Areeba Rashid is a dedicated crypto news writer with a passion for making complex topics accessible to everyone. She covers the latest developments in the crypto world, including in-depth price analysis, helping readers stay informed and make sense of market trends.
  • Strategy completes its 100th Bitcoin purchase as SEC filing confirms a 592 BTC acquisition.
  • The company raises $39.7M through share sales while total Bitcoin holdings reach 717,722 BTC.
  • Strategy now controls 3.4% of Bitcoin’s supply, despite unrealized losses in its positions.

Strategy has made its 100th recorded purchase of Bitcoin, the company confirmed in an 8-K filing with the Securities and Exchange Commission on Monday, February 23, 2026. The filing disclosed the latest move by the company, in which it purchased 592 units of Bitcoin with an average price of $67,286.

Michael Saylor, the CEO, hinted yesterday at the latest move by the company through social media, referring to it as “The Orange Century.” The company now holds a total of 717,722 units of Bitcoin.

The total investment by the company, considering fees and expenses, is near $54.6 billion. Each filing by the company represents the consistent expansion of its portfolio.

Strategy’s Equity Sales Fuel New Purchase as Losses Persist

Strategy funded this current purchase by selling equity shares. The firm sold 297,940 Class A common shares. The sale of shares raised approximately $39.7 million. The firm also disclosed that they have approximately $7.8 billion worth of shares available in their existing plan.

The firm still holds an unrealized loss. The firm has an average Bitcoin purchase price of approximately $76,020. The current price of Bitcoin is approximately $65,304. The firm is thus in negative territory with regard to its overall position.

Strategy’s holdings make up 3.4% of Bitcoin’s capped supply of 21 million. This is unusual for a publicly traded company. The amount indicates the extent of Strategy’s involvement in the market. It also indicates how quickly Strategy’s involvement has escalated.,

Also Read: Saylor Hints at New Strategy Bitcoin Buy as BTC Falls Below $68K

Last week, Strategy bought 2,486 Bitcoin worth $168 million. The filing confirmed Strategy’s involvement in buying despite the decline in the market. The latest purchase is a continuation of Strategy’s activities. The filing indicates consistency in Strategy’s activities over a similar period.

Saylor Calls Market a Milder Winter

Michael Saylor has also stepped up his communications efforts. On X, he stated, “If it’s not going to zero, it’s going to a million.” The statement was repeated during interviews. 

In another interview with Fox Business, Strategy described the current state of the market as a “crypto winter.” The current state of the market is “a much milder winter than what we experienced in 2022.” The comment is an assessment of structural differences between 2022 and the current state of the market.

Analysts have indicated that Strategy has continued its activity in the market beyond its acquisition strategy. They have cited its continued use of equity offerings to fund its acquisitions.

The milestone of making the 100th purchase is an important event in the history of the company. The event signifies Strategy’s long-term presence in the Bitcoin market. The event is also important because Strategy is strengthening its position as it proceeds with its massive purchase plan.

Also Read: BNB Chain Launches zBNB to Introduce Native Privacy Layer

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