<ul>
 <li>Strategy completed its 100th Bitcoin purchase and now holds 717,722 BTC across six years.</li>
 <li>The company funded the 592 BTC buy through share sales instead of debt financing.</li>
 <li>Several smaller public firms reduced Bitcoin holdings while Strategy expanded its position.</li>
</ul>
<p>Strategy <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1050446/000119312526062489/mstr-20260223.htm" rel="noopener noreferrer nofollow">completed</a> its 100th Bitcoin purchase last week, adding 592 coins worth about $39.8 million. The company now holds roughly 717,722 Bitcoin accumulated over nearly six years. A recent filing with the U.S. Securities and Exchange Commission confirmed the transaction details. The move marks another step in its long-running treasury plan.</p>
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<p>The <a href="https://cryptonewsland.com/strategy-says-49b-bitcoin-reserve-can-withstand-severe-price-crash-to-8k/" rel="noopener noreferrer nofollow">company bought</a> the latest batch at an average price of $67,286 per Bitcoin. To fund the deal, Strategy sold 297,940 shares of its Class A stock. Those sales generated about $39.7 million under its ongoing equity program. The proceeds went directly toward the Bitcoin acquisition.</p>
<p>Strategy began buying Bitcoin in August 2020. Since then, it has expanded its holdings through frequent and structured purchases. Moreover, it has relied heavily on equity sales to finance those buys. The company has avoided large debt issuances in recent cycles.</p>
<h2 class="wp-block-heading" id="strong-equity-sales-remain-core-funding-tool-strong"><strong>Equity Sales Remain Core Funding Tool</strong></h2>
<p>For this latest purchase, Strategy did not tap preferred stock facilities. Instead, it used common share sales to raise capital. That approach reflects a consistent funding pattern in recent years. The company continues to use share dilution rather than debt to expand its treasury.</p>
<p>Many market participants view Strategy as one of the most consistent corporate Bitcoin buyers. Its repeated purchases have shaped the corporate treasury landscape. Additionally, the firm’s filings offer detailed insight into its capital strategy. That transparency has drawn attention from both investors and analysts.</p>
<p>With 717,722 Bitcoin, Strategy now controls about 3.4% of the circulating supply. The total Bitcoin supply remains capped at 21 million coins. At current market prices, the company’s holdings are worth tens of billions of dollars. However, its average purchase price remains above current trading levels.</p>
<h2 class="wp-block-heading" id="strong-smaller-public-firms-reduce-exposure-strong"><strong>Smaller Public Firms Reduce Exposure</strong></h2>
<p>While Strategy added to its reserves, several smaller public firms reduced their Bitcoin holdings. Updated data from Bitcoin Treasuries shows notable shifts among lower-ranked companies. In contrast, the top 20 corporate holders reported no recent sales. Their treasury balances remain unchanged.</p>
<p>China-based Cango Inc., ranked 27th, <a href="https://cryptonewsland.com/cango-inc-closed-the-us10-5-million-equity-investment-and-secured-us65-million-additional-equity-investments/" rel="noopener noreferrer nofollow">cut its holdings</a> by more than 54% within two weeks. The company reduced its balance from 8,095 Bitcoin to 3,644 Bitcoin. Its remaining holdings now stand near $246 million in value.</p>
<p>U.S.-based Exodus Movement trimmed its balance slightly, moving from 1,704 Bitcoin to 1,694 Bitcoin. The company’s remaining stash is valued at about $114 million. Meanwhile, Singapore-based <a href="https://cryptonewsland.com/genius-group-expands-bitcoin-holdings-to-35-million/" rel="noopener noreferrer nofollow">Genius Group</a> reduced its holdings from 180 Bitcoin to 84 Bitcoin. Its current balance is worth roughly $5.6 million.</p>
<p>In addition, mining firm Bitdeer sold all 943 Bitcoin it previously held. That sale brought its corporate treasury balance to zero. These reductions highlight diverging strategies among public companies as market conditions shift.</p>

Strategy Marks 100th Bitcoin Purchase, Expands Holdings to 717,722 BTC After $39.8 Million Buy

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