TLDR
- Strategy held 738,731 BTC last Monday and needs 261,269 more to reach 1 million by year-end 2026.
- The target requires average weekly purchases of 6,158 BTC over the remaining 42 weeks of 2026.
- At $85,000 per BTC, the remaining 261,269 BTC would cost about $22.2 billion.
- Strategy bought 64,948 BTC in 2026, including 17,994 BTC in the week ending March 9.
Strategy faces a demanding path toward 1 million Bitcoin by the end of 2026. To get there, it must buy about 6,158 BTC each week. That pace would need to continue for about 42 weeks. The target keeps attention on its funding model and buying rhythm.
The company held 738,731 BTC as of last Monday. That leaves 261,269 BTC still to buy. At an average price of $85,000, the remaining purchases would cost about $22.2 billion. That equals about $523 million each week.
Weekly pace needed for the 1 million BTC goal
Strategy has already bought 64,948 BTC in 2026. That pace is above its average since August 2020. Since starting the treasury plan, it has averaged about 10,700 BTC each month. On an annual basis, that is roughly 128,000 BTC. Its current pace is much faster.
Recent activity shows the scale of those purchases. In the week ending March 9, Strategy bought 17,994 BTC for $1.28 billion. That single week was nearly three times the required pace. The deal was funded by $900 million in common stock sales. It also used $377 million from STRC preferred shares.
Capital access remains central to Strategy’s Bitcoin plan
Strategy funds Bitcoin purchases through common equity, convertible debt, and preferred stock. It still has at-the-market capacity across MSTR and several preferred series. Those series include STRC, STRK, STRD, and STRF. This structure has supported 12 or more straight weekly purchases in 2026.
The plan still depends on market access. MSTR shares are down about 70% from their 2025 peak. Outstanding shares have risen from 76 million to about 320 million. Strategy also carries more than $8 billion in total debt.
About $6 billion is in convertible notes backed by Bitcoin. “Strategy’s model works when capital markets stay open,” analyst Jonatan Randin said. He also said MSTR trades below the Bitcoin it represents.
MARA shift offers a different treasury model
MARA has chosen a different treasury path. In early March 2026, it allowed sales of Bitcoin held on its balance sheet. Before that change, it only allowed sales of newly mined coins. MARA holds about 53,822 BTC, making it the second-largest public corporate holder.
The company posted a $1.7 billion net loss in the fourth quarter of 2025. Most of that came from a $1.5 billion non-cash Bitcoin write-down. About 28% of its holdings are tied to lending and collateral deals. The company earned $32.1 million in lending interest during 2025. Yet it posted an $86.3 million loss in that segment after price declines.
Randin said MARA’s reserve is small against daily Bitcoin spot volume. He said the bigger issue is market psychology, not mechanics. For Strategy, the next 8-K filing is expected this week. It may show whether the buying pace stays near 6,158 BTC a week.
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