Strategy Continues Aggressive Bitcoin Accumulation
Michael Saylor’s company, Strategy, continues to strengthen its position as the world’s largest publicly traded holder of Bitcoin. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the company purchased 22,337 BTC for $1.57 billion during the past week.
The Bitcoin was acquired at an average price of $70,194 per coin, which is slightly below the company’s overall average purchase price of $75,696 per Bitcoin. During the week of March 9–15, Bitcoin traded at an average closing price of approximately $70,571.
With this latest purchase, Strategy’s total Bitcoin holdings have climbed to 761,068 BTC, acquired at a total cost of roughly $57.61 billion. This acquisition also ranks among the five largest Bitcoin purchases the company has ever made.
The buy comes shortly after another large purchase the previous week, when the company acquired 17,994 BTC for $1.28 billion, highlighting its continued aggressive accumulation strategy.
Preferred Stock Sales Help Fund the Purchase
The latest Bitcoin acquisition was largely funded through the sale of Strategy’s perpetual preferred stock, Stretch (STRC). After easing the rules around STRC sales on March 9, the company significantly increased its fundraising efforts.
During the week, Strategy sold 11.9 million STRC shares, raising about $1.18 billion, which covered nearly 75% of the total Bitcoin purchase. In addition, the company sold 2.8 million Class A shares (MSTR), generating another $396 million.
The expanded sales strategy allowed the company to run the STRC ATM program in extended trading hours with an additional broker, helping boost liquidity and fundraising capacity.
Market observers noted that STRC experienced a record week of activity, with estimates suggesting the stock sales helped finance purchases of roughly 10,767 BTC across four trading days.
Following the latest acquisition, Strategy now holds 761,068 BTC, placing it far ahead of any other publicly listed company in Bitcoin reserves.
