- Strategy bought 22,337 BTC for $1.57 billion in a week, lifting its total holdings to 761,068 BTC at a cost of about $57.61 billion
- The company funded most of the purchase through STRC preferred equity and MSTR common share sales, and outlines how many BTC it needs to reach 1 million
Michael Saylor’s strategy for expanding corporate Bitcoin holdings intensified last week, as Strategy, the largest publicly traded Bitcoin holder, completed one of its biggest single-week purchases to date. A new filing with the US Securities and Exchange Commission shows the company lifted its reserves to more than 760,000 BTC through aggressive accumulation financed largely by preferred equity issuance.
Major Bitcoin Purchase Lifts Holdings Above 761,000 BTC
Strategy disclosed that it bought 22,337 Bitcoin for $1.57 billion during the week, placing the transaction among its five largest Bitcoin acquisitions on record. The move followed another substantial purchase of 17,994 Bitcoin for $1.28 billion just a week earlier, underscoring the company’s continued focus on scaling its Bitcoin position.
The latest acquisition was executed at an average price of $70,194 per Bitcoin. This level sits below Strategy’s overall historical average acquisition price of $75,696 per coin, according to the company. Over the week of March 9-15, Bitcoin’s average price, based on daily closing levels, was $70,571.
With the new purchase, Strategy’s total Bitcoin reserves increased to 761,068 BTC. The company reported that these holdings have been accumulated at an aggregate cost of approximately $57.61 billion. At the current pace of buying, the firm remains on a clear accumulation path, maintaining its status as the world’s largest public holder of the asset.
Strategy and capital markets: STRC issuance drives accumulation
The surge in Bitcoin purchases coincided with a record week for sales of Strategy’s perpetual preferred equity, known as Stretch (STRC). The company eased its sales rules on March 9, which allowed for more flexible issuance of the preferred stock. Rohan Hirani, founder of Bitcoin Quant, noted on X that this was the first week Strategy could operate the STRC at-the-market (ATM) program in extended hours with a second broker involved.
Data from STRC Live indicated a strong week of activity, with an estimated 10,767 BTC effectively financed through STRC-related flows across four active trading days. The filing showed Strategy sold 11.9 million STRC shares for $1.18 billion during the week. Net proceeds from these preferred equity sales covered roughly 75% of the funds used for the latest Bitcoin purchase.
Alongside STRC, Strategy also tapped its common equity. The firm sold 2.8 million Class A common shares (MSTR), raising 6 million. Combined, the capital raised through STRC and MSTR offerings supplied the resources to carry out the $1.57 billion Bitcoin acquisition while maintaining a structured approach to financing.
Path to 1 Million BTC and the evolving strategy
With 761,068 BTC now on its balance sheet, Strategy is 238,932 Bitcoin short of a 1 million BTC milestone. To bridge this gap, the company would need to secure an average of about 5,700 BTC per week over the remaining 42 weeks of 2026, based on the figures provided.
This target illustrates the scale of the accumulation program and the reliance on capital markets as a core funding mechanism. The company’s recent activity suggests a strategy that ties continuous Bitcoin purchases to ongoing preferred and common stock issuance, using market demand for STRC and MSTR to support expansion of its reserves.
According to comments cited by Rohan Hirani, Michael Saylor now regards STRC as the most liquid preferred stock available in the market. That assessment reflects both the trading volume seen in the recent record week and STRC’s role in enabling extended-hours ATM issuance with multiple brokers. The combination of flexible equity structures and rapid deployment into Bitcoin underscores how Strategy is integrating financial engineering with its digital asset thesis.
Conclusion
Strategy’s latest SEC filing highlights a sustained and sizable commitment to Bitcoin accumulation, backed by aggressive use of preferred and common equity issuance. The company bought 22,337 BTC in a single week, taking total holdings to 761,068 BTC at a cumulative cost of around $57.61 billion, while keeping its average purchase price below its long-term acquisition baseline. With a clear numerical path laid out toward 1 million BTC, Strategy’s approach signals that its current accumulation model, centered on STRC and MSTR financing, remains firmly in place.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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