Strategy Maintains 499K BTC Holdings, Declares First Preferred Stock Dividend
Bitcoin giant Strategy (MSTR) opted to pause its aggressive accumulation last week, keeping its total BTC reserves unchanged at 499,096 tokens, the company confirmed Monday.
Under Michael Saylor’s leadership, Strategy has been consistently adding to its bitcoin stash. However, last week’s rally to $93,000 saw the firm hold off on new purchases, leaving its total bitcoin investment at approximately $33.1 billion, with an average cost basis of $66,357 per BTC. The unrealized gain on its holdings now exceeds $13 billion.
In addition to its bitcoin update, Strategy announced its first quarterly cash dividend for its 8.00% Series A Perpetual Preferred Stock (STRK). The prorated dividend of $1.24 per share will be paid on March 31, with a record date of March 15.
Shares of Strategy jumped 13% in premarket trading to $289, though they remain nearly 50% below their November highs.
