Strategy is buying again! Investing an additional $39.8 million to acquire 592 more Bitcoins, bringing the total holdings close to 720,000 BTC

Strategy once again increases Bitcoin holdings. The company recently disclosed that last week it invested nearly $39.8 million to purchase 592 Bitcoins, bringing its total holdings close to 720,000 coins, further solidifying its position as a “corporate Bitcoin holder.”
(Background: Bitwise CIO: DeFi will drive the crypto market out of the bear market; Strategy founder: Bitcoin is recovering)
(Additional context: Strategy invests another $168 million to buy 2,486 Bitcoins! BTC holdings surpass 717,000, with unrealized losses of nearly $5.8 billion)

U.S.-listed company Strategy (formerly MicroStrategy) continues to advance its Bitcoin allocation strategy. According to the company’s latest filing on February 23, 2026, Strategy used approximately $39.8 million from February 17 to February 22 to acquire an additional 592 Bitcoins, further expanding its crypto asset portfolio. This move again demonstrates that Strategy remains committed to viewing Bitcoin as a core asset allocation tool.

Last week’s purchase of 592 coins, bringing Bitcoin holdings close to 720,000

According to the announcement, Strategy’s latest Bitcoin purchase and holdings are:

• Purchase period: February 17 to February 22, 2026
• Newly acquired: 592 Bitcoins
• Total purchase amount: approximately $39.8 million
• Average purchase price during the period: about $67,286

As of February 22, 2026, Strategy’s total Bitcoin holdings reached 717,722 coins, with a total investment of about $54.65 billion, and an overall average cost basis of approximately $76,020 (including fees and related expenses).

Based on current holdings, Strategy remains the largest publicly traded company holding Bitcoin, making its asset allocation strategy highly influential in the market.

Funding source: Raising capital through ATM program issuance of shares

It is noteworthy that the funds used for this Bitcoin purchase still came from Strategy’s “At-The-Market Offering Program” (ATM).

The same filing shows that during the same period, Strategy issued 297,940 Class A common shares (MSTR), raising net proceeds of about $39.7 million.

In other words, the company essentially converted funds raised from the stock market into Bitcoin holdings. This “equity financing + Bitcoin accumulation” approach has become a hallmark of Strategy’s long-term financial strategy.