TLDR
- Strategy acquired 22,337 BTC for $1.57 billion during the March 9–15 period, representing its biggest 2026 acquisition
- The company’s total Bitcoin position now stands at 761,068 BTC, purchased for $57.61 billion with an average cost of $75,696 per token
- Funding came primarily from $1.1 billion in STRC preferred stock offerings, supplemented by $396 million from MSTR common shares
- The purchase extends Strategy’s weekly Bitcoin buying streak to 12 weeks
- MSTR shares climbed more than 4% premarket, briefly reaching $149 before stabilizing near $145
Strategy completed a $1.57 billion Bitcoin acquisition last week, purchasing 22,337 BTC in what stands as the company’s largest single transaction of 2026. With an average purchase price of $70,194 per token, this buy elevates Strategy’s cumulative holdings to 761,068 BTC.
The firm’s total Bitcoin investment now reaches $57.61 billion, reflecting an average acquisition cost of $75,696 per coin across all purchases.
This transaction represents Strategy’s 12th straight week of Bitcoin accumulation. Over the past fortnight alone, the company has secured approximately 40,000 BTC—a volume that would surpass the entire holdings of almost every other publicly-traded corporate Bitcoin holder.
By volume, this week’s acquisition ranks as the fifth-largest in Strategy’s operational history.
The capital for this purchase came predominantly from the STRC preferred stock initiative. Strategy generated $1.18 billion by selling 11.8 million STRC shares, while an additional $396 million derived from the sale of 2.8 million common MSTR shares.
This marks a notable shift, as it’s the first instance where STRC proceeds exceeded MSTR stock sales in funding a weekly acquisition. The timing aligned with STRC experiencing exceptional trading activity, establishing itself as this month’s most liquid preferred equity offering.
MSTR Moves Higher in Premarket
MSTR began Monday’s session with gains exceeding 4% compared to the previous week’s $140 closing price. Shares touched $149 during premarket hours before consolidating around the $145 level.
The equity movement coincided with Bitcoin’s weekend rally. BTC surged past $74,000 during Monday’s intraday session before moderating to approximately $73,600, representing a 24-hour gain of roughly 2.6%.
Bitcoin has advanced 10% since February 28—coinciding with the U.S. initiating military action against Iran.
Other cryptocurrency-exposed equities also posted gains. Coinbase (COIN) advanced 2.8% in premarket trading, while Robinhood (HOOD) increased 1.9%.
Saylor Hinted at the Buy
Michael Saylor shared Strategy’s Bitcoin portfolio dashboard on Sunday with the message “Stretch the Orange Dots”—a reference to STRC, nicknamed “Stretch,” financing the transaction.
Market participants interpreted the post as foreshadowing another weekly acquisition, driving MSTR higher in anticipation ahead of Monday morning’s official SEC disclosure.
Strategy’s regulatory filing on Monday validated the speculation, documenting the purchase details: 22,337 BTC acquired for $1.57 billion at an average price of $70,194 per coin.
