Key Highlights
- During the March 2–8, 2026 period, Strategy acquired 17,994 bitcoin for approximately $1.28 billion, paying an average of $70,946 per coin.
- Total bitcoin reserves now stand at 738,731 BTC, accumulated for $56.04 billion at an average acquisition cost 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 stock climbed 3.7% to reach $138.44 during morning session; Bitcoin surged approximately 5% to around $69,200.
- The company’s bitcoin reserves now account for more than 3.4% of Bitcoin’s maximum supply cap of 21 million coins.
Strategy completed a substantial bitcoin acquisition last week, purchasing 17,994 BTC for $1.28 billion and expanding its total reserves to 738,731 coins. The transaction occurred during the March 2–8, 2026 timeframe, with an average purchase price of $70,946 per bitcoin.
According to a filing submitted to the U.S. Securities and Exchange Commission, the company has now invested a cumulative $56.04 billion in bitcoin acquisitions, maintaining an average cost basis of $75,862 per coin.
With bitcoin trading in the $68,000–$69,000 range, Strategy’s total holdings carry an approximate market valuation of $50 billion. While this places the position below its average purchase price, the firm continues its aggressive accumulation strategy.
Strategy’s bitcoin reserves represent over 3.4% of Bitcoin’s hard-capped supply of 21 million coins. This solidifies its position as the dominant corporate bitcoin holder worldwide.
Shares of MSTR gained 3.7% to $138.44 during Monday’s morning trading session. Bitcoin experienced a roughly 5% increase, reaching approximately $69,200 during the same period.
Financing the Bitcoin Purchase
The $1.28 billion acquisition was funded entirely through equity capital raises rather than existing cash reserves. Strategy executed the sale of 6.33 million Class A common shares via its at-the-market offering program, generating net proceeds of $899.5 million.
Additionally, the company issued 3.78 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), raising an additional $377.1 million. These two equity offerings fully financed the bitcoin acquisition.
Strategy maintains approximately $6.71 billion in available common stock capacity under its current ATM program. An additional $3.16 billion in STRC preferred stock capacity remains available for future use.
The firm operates several preferred stock programs — including STRK, STRC, STRF, and STRD — providing access to billions in potential capital for continued bitcoin accumulation.
The Strategic “42/42” Capital Plan
This acquisition aligns with Strategy’s ambitious “42/42” capital framework. The initiative aims to raise $84 billion through combined equity and convertible debt offerings by 2027, dedicating all proceeds to bitcoin purchases.
Strategy 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 enhanced operational flexibility for trading outside standard market hours.
Executive chairman Michael Saylor teased the purchase on social media ahead of the official regulatory disclosure. His message referenced the company’s bitcoin tracking system and proclaimed that “the second century begins.”
This statement acknowledges Strategy surpassing 100 individual bitcoin purchase transactions since initiating its accumulation strategy in 2020. The latest acquisition represents another milestone in what has evolved into one of the most closely monitored corporate treasury strategies in financial markets.
The previous week, Strategy had acquired 3,015 bitcoin for $204.1 million at an average price of $67,700 per coin, which brought total holdings to 720,737 BTC at that time.
As of March 8, 2026, Strategy maintained $35.84 billion in total available securities for future issuance and sale under its ATM program framework.
