Bitcoins
- Strategy acquired 22,337 BTC for US$1.57 billion during the week ending March 15, marking its largest single-week Bitcoin purchase of 2026.
- The company funded roughly 75% of the buy through US$1.18 billion in STRC preferred stock sales, with US$396 million raised from common share offerings.
- Strategy now holds 761,068 BTC worth approximately US$55.8 billion, but sits on an estimated US$1.7 billion in unrealised losses against a total cost basis of US$57.6 billion.
Strategy (formerly MicroStrategy) bought 22,337 Bitcoin in the week ending March 15, spending US$1.57 billion (AU$2.40 billion) in its largest weekly purchase of 2026 so far.
The company paid an average of US$70,194 (AU$107,397) per Bitcoin, slightly below the asset’s average price for the week. The latest purchase was larger than the previous week’s 17,994 BTC acquisition and pushed Strategy’s total holdings to 761,068 BTC.
Across all purchases, the company has spent about US$57.6 billion (AU$88.13 billion), giving it an average cost basis of roughly US$76,000 (AU$116,280) per coin.
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Most of the latest buy was financed through sales of Strategy’s STRC perpetual preferred stock, which raised US$1.18 billion (AU$1.81 billion) from 11.9 million shares. The remaining US$396 million (AU$605.88 million) came from the sale of 2.8 million Class A common shares.
STRC, launched in July 2025, carries an annual dividend of 11.5%. Its market capitalisation has climbed about 30% over the past month to roughly US$5 billion (AU$7.65 billion). Strategy has described it as the most liquid preferred stock in the market.
That financing comes with rising obligations. The annualised dividend burden tied to STRC now exceeds US$1 billion (AU$1.53 billion), while the company holds US$2.25 billion (AU$3.44 billion) in cash reserves to help cover those payments.
The Road to 1 Million BTC
Strategy is aiming to hold 1 million BTC by the end of 2026. With 761,068 Bitcoin now on its balance sheet, it still needs to acquire about 238,932 BTC over the remaining 42 weeks of the year. That would require an average pace of roughly 5,700 BTC per week.
At a Bitcoin price of about US$73,340 (AU$112,210), Strategy’s holdings are worth around US$55.8 billion (AU$85.37 billion), leaving the company with an unrealised loss of roughly US$1.7 billion (AU$2.60 billion) against its total purchase cost.
Strategy has added about 64,948 BTC so far this year. Its shares closed at US$145.40 (AU$222.46), up 4% on the day but still down more than 56% over the past six months, reflecting continued investor caution over the company’s heavily leveraged Bitcoin strategy.
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José Oramas Read More