TL;DR:
- Strategy acquired 22,337 Bitcoin for $1.57 billion last week, raising its total reserves to 761,068 BTC.
- The purchase was made at an average price of $70,194 per Bitcoin, below the company’s historical average cost of $75,696.
- The operation was 75% financed through the sale of 11.9 million STRC preferred shares, which set a weekly record.
Strategy recorded one of the largest Bitcoin purchases in its history last week, adding 22,337 BTC for a total of $1.57 billion. The acquisition, confirmed on Monday through a filing with the U.S. Securities and Exchange Commission (SEC), ranks among the five largest purchase operations since the company launched its accumulation strategy. The previous week, the firm had already acquired 17,994 BTC for $1.28 billion.
Following this acquisition, the company’s total reserves stand at 761,068 BTC, obtained at an aggregate cost of approximately $57.61 billion. The average purchase price for the week was $70,194 per unit, slightly below the company’s historical average of $75,696, and also under the weekly market average price, which hovered around $70,571 between March 9 and 15.
Strategy Breaks Its Own Record
The purchase was largely financed through the company’s perpetual preferred stock, known as Stretch (STRC). During the week, Strategy sold 11.9 million STRC shares for $1.18 billion, an amount representing 75% of the total cost of the acquisition. Additionally, the firm sold 2.8 million Class A common shares (MSTR) for $396 million.
Bitcoin Quant founder Rohan Hirani noted that this was the first week in which Strategy was able to operate the STRC sales program during extended hours with a second broker, following a relaxation of its selling rules.
According to the STRC Live platform, it is estimated that through this instrument 10,767 BTC were financed over four active trading sessions, setting a historical record for the instrument. Co-founder Michael Saylor himself described STRC as the most liquid preferred fixed-income instrument on the market at that time.
With 761,068 BTC in its treasury, Strategy would need to acquire another 238,932 BTC to reach the symbolic one-million threshold, which would require a purchase pace of approximately 5,700 BTC per week over the 42 remaining weeks of 2026.
