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Strategy (MSTR) Makes 100th Bitcoin Purchase, Adds 592 BTC as Bitcoin Price Falls

Bitcoin Magazine

Strategy (MSTR) Makes 100th Bitcoin Purchase, Adds 592 BTC as Bitcoin Price Falls

Strategy has completed its 100th bitcoin acquisition since adopting the cryptocurrency as its primary reserve asset in 2020, purchasing 592 BTC for roughly $39.8 million at an average price of $67,286 per coin.

The purchase was funded through the sale of 297,940 shares of its Class A common stock via its at-the-market offering program between February 17–22, generating $39.7 million in net proceeds, according to a company statement. 

Including this latest acquisition, Strategy now holds 717,722 bitcoin, acquired for an aggregate $54.56 billion at an average price of $76,020 per bitcoin, making it the largest corporate bitcoin treasury in the world.

The company still has $37.4 billion in securities available for future issuance under its at-the-market program, including $7.8 billion of MSTR stock and $20.3 billion of STRK stock. 

Strategy maintains a public dashboard detailing its bitcoin holdings, purchases, and market prices in compliance with Regulation FD.

The timing of the purchase coincides with renewed weakness in bitcoin, which dropped from around $68,000 over the weekend to near $66,000, putting pressure on MSTR shares. The stock has fallen more than 2% to around $128 in premarket, reflecting the strong correlation between Strategy’s bitcoin exposure and its share price.

Michael Saylor, Executive Chairman, hinted at the purchase on X, posting the company’s bitcoin tracker with the caption “The Orange Century,” signaling the milestone 100th acquisition.

Last week, Strategy purchased $168.4 million in bitcoin, adding 2,486 BTC to bring its total holdings to 717,131 bitcoin at the time. 

BREAKING: STRATEGY BUYS ANOTHER 592 #BITCOIN FOR $39.8 MILLION

NOTHING STOPS THIS TRAIN pic.twitter.com/HT0Dh4S2vJ

— Bitcoin Magazine (@BitcoinMagazine) February 23, 2026

Strategy isn’t selling any bitcoin

Earlier this year, Michael Saylor defended Strategy’s approach of regularly buying bitcoin, insisting the company has no plans to sell its holdings even during prolonged market downturns. 

He argued that fears about leverage and liquidity pressures were unfounded, noting the company has sufficient cash to cover dividends and debt for over two years. 

“We’re not going to be selling; we’re going to be buying bitcoin,” Saylor said. “I expect we’ll buy bitcoin every quarter forever.”

At the time of writing, bitcoin is trading near $66,000 and shares of Strategy are at $127.90 in pre-market. 

According to BitcoinTreasuries.net’s January 2026 report, Strategy accounted for over 90% of net new corporate purchases, acquiring 40,150 BTC and ending the month with 712,647 BTC.

Its buying made up 93% of public-company gross purchases and 97.5% of net additions, single-handedly bringing sector-wide accumulation back to late-summer levels.

This post Strategy (MSTR) Makes 100th Bitcoin Purchase, Adds 592 BTC as Bitcoin Price Falls first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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