Bitcoins <\/p>\n
According to a report published by bitcointreasuries.net and its researchers, Strategy purchased 44,377 bitcoin<\/a> in March 2026, accounting for nearly all corporate bitcoin<\/a> buying that month as its STRC digital credit product set back-to-back daily trading volume<\/a> records.<\/strong><\/p>\n Key Takeaways:<\/strong><\/p>\n The report shows the company spent roughly $3 billion on bitcoin<\/span> during March, including a single-week purchase of 22,337 BTC<\/span> disclosed on March 16. That buy was funded by $1.57 billion raised through STRC and MSTR at-the-market sales from March 9 to 15.<\/p>\n Bitcointreasuries.net<\/a> researchers note that STRC, Strategy\u2019s variable-rate perpetual preferred share product targeting an annual dividend near 11.5%, recorded its highest single-day trading volume<\/span> on March 12 at $746 million. March 31 produced the second-largest daily volume<\/span> on record at $522 million, while weekly volume<\/span> reached $2.27 billion for the week of March 9 to 13.<\/p>\n Data compiled by the analysts shows Strategy<\/a> ended March holding 762,099 BTC<\/span>, which represents roughly two-thirds of all bitcoin<\/span> held by publicly traded companies. Total public company holdings reached 1.16 million BTC<\/span> at month-end, part of approximately 4 million BTC<\/span> tracked across all institutional entities.<\/p>\n The researchers further detail that the company filed to raise an additional $42 billion through a new ATM program split evenly between STRC and MSTR common stock, plus $2.1 billion in STRK. Bitcointreasuries.net projects that if Strategy issues that full amount over 19 months at roughly 31,000 BTC<\/span> per month, it could cross 1 million BTC<\/span> in holdings by November 2026.<\/p>\n A more conservative estimate cited in the analysis, based on Strategy\u2019s average monthly purchases of 21,000 BTC<\/span> from January 2025 through March 2026, points to the company reaching that milestone around March 2027. The researchers add that Strategy has not publicly set a 1 million BTC<\/span> target or any specific acquisition deadline.<\/p>\n The leaderboard beyond Strategy shifted considerably, according to bitcointreasuries.net. MARA Holdings sold<\/a> 15,133 BTC<\/span>, worth approximately $1.1 billion, to repurchase convertible senior notes. That sale dropped MARA below Twenty One Capital, which now holds 43,514 BTC<\/span> and ranks second among public bitcoin<\/span> treasury companies. Metaplanet added 5,075 BTC<\/span> in early April, bringing its holdings to 40,177 BTC<\/span> and placing it third, ahead of MARA.<\/p>\n The report also notes that Gamestop pledged<\/a> 4,709 BTC<\/span> as collateral in a covered call arrangement with Coinbase Credit, leaving the company with just 1 BTC<\/span> in direct holdings. The company fell from its previous position at No. 21 on the leaderboard to near No. 190.<\/p>\n Excluding Strategy<\/a> from the dataset, bitcointreasuries.net researchers highlight that corporate bitcoin<\/span> buying declined sharply. Purchases by non-Strategy companies have fallen since October 2025, and March saw a net sale of 22,510 BTC<\/span> among that group. Only 16 companies added bitcoin<\/span> on a net basis in March, down from a peak of 60 in September 2025.<\/p>\n The study further identifies five companies buying STRC or disclosing plans to do so. Strive allocated $50 million, over one-third of its corporate treasury, to STRC, while decentralized finance<\/span> ( defi<\/span>) stablecoin<\/span> project Apyx held 450,000 STRC shares by April 6, valued at approximately $45 million. Prevalon Energy, Anchorage Digital<\/a>, and OranjeBTC also disclosed STRC allocations without specifying amounts.<\/p>\n According to bitcointreasuries.net analysts, mutual funds and exchange-traded funds (ETFs) collectively hold more than $2 billion in digital credit instruments, based on Yahoo Finance data. STRC is the most widely held of those instruments at $591 million, with Capital Group, Blackrock<\/a>, Fidelity, and Vaneck among the institutional holders.<\/p>\n The researchers also point to new financial products built around STRC<\/a> emerging in March. 21shares launched a STRC exchange-traded product listed on Euronext Amsterdam and Euronext Paris, while Arch Lending began promoting a carry trade allowing bitcoin<\/span> holders to borrow at 8.49% APR<\/a> and invest proceeds in STRC at the current 11.5% yield. Decentralized finance (DeFi)<\/a> projects Apyx and Saturn are also building stablecoins<\/a> backed by STRC dividends.<\/p>\n Finally, the bitcointreasuries.net reporting shows American Bitcoin<\/a> acquired 961 BTC<\/a> across three purchases in March, the second-largest monthly total among all non-Strategy companies, overtaking Galaxy Digital to reach No. 16 on the leaderboard with approximately 6,899 BTC<\/a>.<\/p>\n<\/div>\n\n
Bitcoins Bitcointreasuries.net Report Shows BTC<\/span> Treasury Leaderboard Reshuffled<\/h2>\n