MicroStrategy Continues Bitcoin Accumulation, Raising Dividend on Preferred Stock

MicroStrategy, the world’s largest public holder of Bitcoin, completed its 101st Bitcoin purchase, increasing its total holdings to over 720,000 BTC. The company acquired 3,015 Bitcoin (BTC) for $204.1 million last week, according to a US Securities and Exchange Commission (SEC) filing on Monday, March 2, 2026.

Recent Acquisition Details

The average buy price of the latest purchase was $67,700 per BTC, marking another acquisition below the company’s average acquisition price of $75,985. This brings MicroStrategy’s total holdings to 720,737 BTC, acquired for a total cost of approximately $54.8 billion, the company disclosed.

Purchases Below Cost Basis

The recent purchase is among a minor number of MicroStrategy acquisitions made below the company’s average cost basis, according to data compiled by SaylorTracker, a website that tracks MicroStrategy’s Bitcoin acquisitions. The first such purchase occurred on February 9, 2026, when the company bought 1,142 BTC as market prices dipped below $76,051. Strategy reported the average acquisition price of that batch at $78,815, above the market price at the time. A similar situation occurred between 2022-2023, when BTC prices dipped below its cost basis of around $30,600, resulting in seven purchases totaling 28,560 BTC during that period.

Stock Performance and Dividend Increase

MicroStrategy (MSTR) shares saw modest gains last week, rising from around $125 on Monday to nearly $130 by Friday, according to TradingView. Bitcoin, still, remained relatively stable over the same period, starting the week near $65,000, briefly surging above $69,000 on Wednesday, and stabilizing around $65,834 at the time of publication.

The news followed an announcement on Sunday by MicroStrategy Chairman Michael Saylor that the company is raising the dividend on its STRC preferred stock, also known as “Stretch,” to 11.50% for March 2026, from the previous 11.25%. The capital raised through the stock can be used for corporate purposes, including potential Bitcoin acquisitions.

Michael Saylor’s Crypto Framework Proposal

In related news, Michael Saylor recently pitched a crypto framework to the SEC’s digital assets task force, emphasizing the need for clear regulatory guidelines to foster growth in the cryptocurrency industry. The proposal, presented in a document titled “Digital Assets Framework, Principles, and Opportunity for the United States,” outlines key principles for classifying and regulating digital assets.

Risks Associated with Bitcoin Holdings

Despite the gains, a recent SEC filing highlights the risks associated with MicroStrategy’s substantial Bitcoin holdings. Bitcoin’s price volatility, fluctuating between $60,000 and $120,000 over the past year, creates instability. A significant price drop could necessitate the sale of coins at a loss to raise cash, given the company’s $8 billion in debt and substantial dividend obligations.