Market Update: Strategy (MSTR) Holds Steady on Bitcoin Holdings
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)
On Monday morning, Strategy (MSTR) confirmed that it did not acquire any additional bitcoin (BTC) during the week that ended on Sunday, thus maintaining its total holdings at a significant 499,096 BTC. Under the leadership of Michael Saylor, the company has been a prominent player in the bitcoin market, frequently making substantial purchases in recent months. However, amid notable downturns in both the price of bitcoin and its own stock value, Strategy refrained from raising new capital for further BTC acquisitions last week.
The company’s existing bitcoin portfolio was accumulated at an estimated cost of around $33.1 billion, translating to an average purchase price of $66,357 per token. Following a recent surge in bitcoin prices, which saw the cryptocurrency approach the $93,000 mark over the weekend, Strategy is now sitting on an impressive unrealized profit exceeding $13 billion.
In addition to its bitcoin holdings, Strategy also made a significant announcement regarding its financial strategy. The company declared the initial quarterly cash dividend for its 8.00% Series A Perpetual Preferred Stock (STRK). This dividend, which is prorated from February 5, 2025, will amount to $1.24 per share and is set to be paid on March 31 to shareholders who are on record as of March 15.
As a reflection of the positive momentum in bitcoin’s market price, shares of Strategy are up by 13% in premarket trading, reaching $289. However, it’s worth noting that this is still nearly 50% lower than the record high that the stock achieved in November.
Disclaimer: Portions of this article were generated with the assistance of AI tools and have been thoroughly reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, please refer to CoinDesk’s complete AI Policy.
