Key Takeaways
- Strategy acquired 17,994 bitcoin during March 2–8, 2026, spending $1.28 billion at an average purchase price of $70,946 per bitcoin.
- Total bitcoin holdings have reached 738,731 BTC, accumulated for $56.04 billion at an average cost of $75,862 per bitcoin.
- The acquisition was financed through stock sales: 6.33 million Class A common shares ($899.5M) and 3.78 million STRC preferred shares ($377.1M).
- Shares of MSTR climbed 3.7% to $138.44 during morning trade; Bitcoin prices rose approximately 5% to around $69,200.
- The company’s bitcoin position now accounts for more than 3.4% of the cryptocurrency’s 21 million coin maximum supply.
Strategy completed another substantial bitcoin acquisition last week, adding 17,994 BTC to its treasury for $1.28 billion. The transaction occurred during a one-week window from March 2 through March 8, 2026, with bitcoin purchased at an average cost of $70,946 per unit.
According to a regulatory filing submitted to the U.S. Securities and Exchange Commission, this latest purchase brings Strategy’s cumulative bitcoin investment to $56.04 billion, with an aggregate average acquisition price of $75,862 per coin.
With Bitcoin currently trading in the $68,000–$69,000 range, the company’s entire bitcoin portfolio is valued at approximately $50 billion. While this represents an unrealized loss compared to the average cost basis, Strategy shows no indication of altering its accumulation strategy.
The firm now controls over 3.4% of Bitcoin’s maximum supply cap of 21 million coins, cementing its position as the world’s largest corporate bitcoin holder by a significant margin.
MSTR shares advanced 3.7% to $138.44 during Monday morning trading. Bitcoin itself posted gains of approximately 5%, reaching roughly $69,200 during the same session.
Financing Details
The $1.28 billion acquisition was funded entirely through equity offerings rather than existing cash reserves. Strategy executed the sale of 6.33 million Class A common shares via its at-the-market offering program, producing net proceeds of $899.5 million.
Additionally, the company issued 3.78 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), generating another $377.1 million in proceeds. The combined equity raises completely funded the bitcoin purchase.
Strategy maintains approximately $6.71 billion in remaining capacity under its current ATM program for common stock. An additional $3.16 billion in STRC preferred stock remains available for future issuance.
The firm operates several preferred stock programs — including STRK, STRC, STRF, and STRD — providing access to billions in potential capital for continued bitcoin acquisitions.
The “42/42” Capital Strategy
This acquisition forms part of Strategy’s ambitious “42/42” capital framework. The initiative aims to raise $84 billion through a combination of equity offerings and convertible debt instruments by 2027, with all proceeds earmarked for additional bitcoin purchases.
Strategy recently modified its Omnibus Sales Agreement to authorize a secondary agent for executing securities transactions during pre-market hours (before 9:30 a.m.) and after-hours trading (post 4:00 p.m. New York time). This amendment provides enhanced flexibility for conducting transactions outside standard trading sessions.
Executive chairman Michael Saylor teased the acquisition on social media ahead of the official SEC filing. His post referenced the company’s bitcoin tracking system and proclaimed that “the second century begins.”
This statement alludes to Strategy surpassing 100 individual bitcoin purchase transactions since initiating its accumulation program in 2020. The latest acquisition represents another milestone in what has evolved into one of the most closely monitored corporate treasury strategies in financial markets.
During the previous week, Strategy had acquired 3,015 bitcoin for $204.1 million at an average price of $67,700 per coin, which brought its holdings to 720,737 BTC before this most recent purchase.
As of March 8, 2026, Strategy reported having $35.84 billion in total securities available for future issuance and sale under its ATM program framework.
