TLDR
- Strategy acquired 17,994 bitcoin during the March 2–8, 2026 period, spending $1.28 billion at an average cost of $70,946 per bitcoin.
- Total bitcoin reserves now stand at 738,731 BTC, acquired for $56.04 billion with an average purchase price of $75,862 per coin.
- The acquisition was financed through equity sales: 6.33 million Class A common shares ($899.5M) and 3.78 million STRC preferred shares ($377.1M).
- MSTR shares climbed 3.7% to $138.44 during morning trading; Bitcoin rose approximately 5% to around $69,200.
- The company’s bitcoin position now accounts for more than 3.4% of the cryptocurrency’s maximum supply of 21 million coins.
Strategy completed the acquisition of 17,994 bitcoin during the previous week for $1.28 billion, expanding its aggregate holdings to 738,731 BTC. The transaction occurred from March 2 through March 8, 2026, with an average acquisition cost of $70,946 per bitcoin.
The company revealed this acquisition through a U.S. Securities and Exchange Commission filing. This brings Strategy’s cumulative bitcoin investment to $56.04 billion, representing an average purchase price of $75,862 per coin.
With bitcoin trading around $68,000–$69,000, the company’s cryptocurrency portfolio holds an estimated market value of approximately $50 billion. Despite trading below the average cost basis, the firm continues its aggressive accumulation strategy.
Strategy’s holdings now represent over 3.4% of Bitcoin’s maximum supply cap of 21 million coins. This solidifies its position as the dominant corporate bitcoin holder globally.
MSTR shares gained 3.7% to reach $138.44 during Monday’s morning trading session. Bitcoin itself posted gains of roughly 5%, trading near $69,200 during the same period.
Financing Strategy for the Acquisition
nThe $1.28 billion transaction was financed 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 $899.5 million in net proceeds.
Additionally, the firm sold 3.78 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, traded under the STRC ticker, generating another $377.1 million. These combined equity sales fully funded the bitcoin acquisition.
Strategy maintains approximately $6.71 billion in remaining common stock capacity within its current ATM program. An additional $3.16 billion in STRC preferred stock remains available for future issuances.
The corporation utilizes several preferred stock programs — STRK, STRC, STRF, and STRD — providing access to substantial financing capabilities for continued bitcoin accumulation.
The “42/42” Capital Strategy
This acquisition forms part of Strategy’s ambitious “42/42” capital framework. The initiative targets raising $84 billion through equity issuances and convertible note offerings through 2027, with all proceeds dedicated to bitcoin purchases.
The firm recently modified its Omnibus Sales Agreement to authorize a secondary agent for executing securities transactions before 9:30 a.m. and after 4:00 p.m. New York time. This amendment provides Strategy enhanced flexibility for trading during extended hours.
Executive chairman Michael Saylor teased the announcement on social media ahead of the formal SEC filing. His message referenced the company’s bitcoin tracking system and proclaimed “the second century begins.”
This statement acknowledges Strategy surpassing 100 individual bitcoin purchases since launching its accumulation program in 2020. This latest transaction represents another milestone in what has evolved into one of the most scrutinized corporate treasury approaches 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 holdings to 720,737 BTC at that time.
As of March 8, 2026, Strategy maintained $35.84 billion in aggregate securities available for issuance and sale through its ATM program.
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