MicroStrategy is maintaining its aggressive accumulation strategy, officially adding another 1,031 Bitcoin to its massive treasury. According to a recent 8-K filing with the SEC, the company spent approximately $76.6 million on this latest acquisition, bringing its total holdings to a staggering 762,099 BTC.
While this purchase is smaller than the multi-billion dollar buys seen earlier this month, it reinforces Michael Saylor’s commitment to making Bitcoin the primary reserve asset for the firm. The company acquired these coins at an average price of $74,326 per BTC, which notably sits just below their overall historical average acquisition price of $75,694.
How MicroStrategy is Funding Its Bitcoin Acquisition Streak
The financial mechanics behind these purchases show a shift in strategy. Unlike the previous two weeks—where the company utilized perpetual preferred equity (Stretch/STRC) to raise billions—this latest round was funded primarily through the sale of Class A common stock.
In mid-March, MicroStrategy made waves with a massive 22,337 BTC buy (roughly $1.6 billion), largely fueled by equity sales that accounted for 75% of that purchase. By switching back to common stock sales for this smaller lot, the company continues to demonstrate its ability to leverage public markets to stack sats, regardless of minor fluctuations in the Bitcoin price.
Comparing Strategy Holdings to Wall Street Giants
Despite the constant buying, MicroStrategy currently finds itself in a rare “underwater” position on paper. With Bitcoin trading around the $70,000 to $71,000 range at the time of the report, the company’s total BTC portfolio—worth approximately $54 billion—is down about 7% compared to its total investment cost of $57.69 billion.
However, the scale of their holdings remains historic. MicroStrategy now controls nearly 3.6% of the total 21 million Bitcoin supply. To put that in perspective:
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MicroStrategy: 762,099 BTC
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BlackRock (IBIT): ~785,300 BTC
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Total US Spot ETFs: ~1.3 million BTC (approx. 6.1% of total supply)
While BlackRock’s iShares Bitcoin Trust currently holds about 3% more than MicroStrategy, Saylor’s firm remains the largest public corporate holder of the asset. As the institutional landscape becomes more crowded, MicroStrategy’s relentless “buy and hold” mantra continues to set the pace for corporate crypto adoption.
