mstr stock was down less than 1% in premarket trading at 8: 30 a. m. ET as Michael Saylor’s Strategy disclosed another weekly Bitcoin purchase made between February 23 and March 1. the buying came as Bitcoin held steady amid the ongoing conflict between the U. S. and Iran. The disclosure also extends Strategy’s streak to a 10th consecutive weekly purchase.
Strategy’s latest Bitcoin purchase and the SEC filing details
An SEC filing shows Strategy acquired 3, 015 BTC for $204. 1 million at an average price of $67, 700 per Bitcoin. Following the transaction, it now holds 720, 737 BTC, acquired for $54. 77 billion at an average price of $75, 985 per Bitcoin.
The same filing states the latest purchase was funded through stock sales. Strategy raised net proceeds of $229. 9 million from the sale of 1. 7 million MSTR shares and $7. 1 million from the sale of 71, 590 STRC shares.
The new buy follows what the company described as a weekly pattern that has now reached 10 consecutive purchases dating back to December last year. The filing also comes one week after Strategy made its 100th Bitcoin purchase, acquiring 592 BTC for $39. 8 million.
Mstr Stock tracks Bitcoin’s steadier tape amid U. S. -Iran conflict
In early market action, mstr stock was described as trading flat, mirroring Bitcoin’s price action as the crypto held steady. Bitcoin faced downside risks tied to the ongoing U. S. -Iran war, after dropping to as low as $63, 000 over the weekend when the U. S. first attacked Iran. By the latest session described in the filing context, Bitcoin was holding steady above $65, 000 even as tensions escalated.
Strategy stock opened the day’s session in the green, trading at around $133 and up over 2% from last week’s close of 129. That move came as Bitcoin climbed above $66, 000 on the day, despite having crashed to as low as $65, 000 in the prior 24 hours.
Strategy also disclosed it is sitting on an unrealized loss of just over $7 billion and that Bitcoin has been trading below the company’s average entry price. Michael Saylor, identified as leading the company, has reiterated several times that Strategy can withstand the market downtrend and does not need to liquidate its holdings.
Immediate reactions from the company and what was signaled publicly
Michael Saylor, Executive Chairman at Strategy, hinted at another Bitcoin purchase in what was described as a conventional X post the day before the filing. Saylor posted the company’s BTC portfolio tracker with the caption, “The Turn of the Century. ”
Separately, Saylor recently announced that Strategy increased the Stretch Dividend Rate by 25 basis points to 11. 50% for this month. The company noted that STRC’s ATM has been funding part of recent Bitcoin purchases, and indicated that higher demand for the Bitcoin-backed security could lead to more frequent purchases.
Quick context
Strategy, previously MicroStrategy, has continued accumulating Bitcoin through weekly purchases even during heightened geopolitical tension tied to the U. S. -Iran conflict. The company’s latest disclosure underscores how closely its trading narrative remains linked to Bitcoin’s price swings.
What’s next
Investors will be watching for Strategy’s next weekly update and any additional SEC filings that detail further purchases and funding activity through MSTR and STRC share sales. In the near term, attention is likely to stay on whether Bitcoin holds above the levels described in the filing context as the U. S. -Iran war remains a live risk factor—and whether mstr stock continues to trade in step with the crypto’s day-to-day moves.
