TLDR

  • Strategy acquired 17,994 bitcoin from March 2 through March 8, 2026, spending $1.28 billion at an average cost of $70,946 per coin.
  • Total bitcoin reserves now stand at 738,731 BTC, accumulated for $56.04 billion at an average entry price of $75,862 per coin.
  • The purchase was financed through equity sales: 6.33 million Class A common shares ($899.5M) and 3.78 million STRC preferred shares ($377.1M).
  • MSTR shares climbed 3.7% to $138.44 during morning trading; Bitcoin advanced approximately 5% to around $69,200.
  • The company’s bitcoin position now accounts for more than 3.4% of the cryptocurrency’s 21 million coin maximum supply.

Strategy expanded its bitcoin treasury by 17,994 coins last week through a $1.28 billion investment. The acquisition occurred during the March 2–8, 2026 window, with an average purchase price of $70,946 per bitcoin.

The company revealed the transaction in documentation submitted to the U.S. Securities and Exchange Commission. Strategy’s cumulative bitcoin investment has reached $56.04 billion, reflecting an average acquisition cost of $75,862 per coin across all purchases.

With Bitcoin trading in the $68,000–$69,000 range, the company’s holdings carry a market valuation around $50 billion. The position currently trades below its average cost basis, yet Strategy continues its aggressive accumulation strategy.

Strategy’s reserves now comprise over 3.4% of Bitcoin’s hard-capped 21 million coin supply. This positions the firm as the dominant corporate bitcoin holder globally.


MSTR Stock Card
Strategy Inc, MSTR

MSTR shares advanced 3.7% to $138.44 during Monday’s morning session. Bitcoin recorded gains near 5%, reaching approximately $69,200 during the same period.

Financing Structure for the Acquisition

The $1.28 billion investment came through equity issuances rather than existing cash reserves. Strategy executed sales of 6.33 million Class A common shares via its at-the-market offering program, producing $899.5 million in net capital.

Additionally, the company issued 3.78 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), generating $377.1 million. These combined equity sales fully funded the bitcoin acquisition.

Strategy maintains approximately $6.71 billion in available common stock capacity within its current ATM program. An additional $3.16 billion remains accessible through STRC preferred stock offerings.

The firm operates several preferred stock programs — STRK, STRC, STRF, and STRD — providing access to substantial financing channels for continued bitcoin acquisitions.

The “42/42” Capital Framework

These transactions align with Strategy’s comprehensive “42/42” capital strategy. The framework targets $84 billion in capital formation through equity and convertible debt offerings through 2027, dedicating all proceeds to bitcoin accumulation.

Strategy recently modified its Omnibus Sales Agreement to authorize a second agent for executing securities transactions before 9:30 a.m. and after 4:00 p.m. New York time. This amendment enhances the company’s ability to conduct transactions during extended trading hours.

Executive chairman Michael Saylor previewed the acquisition through social media ahead of the formal SEC filing. His announcement referenced the company’s bitcoin tracking system and declared “the second century begins.”

The statement acknowledges Strategy surpassing 100 individual bitcoin purchases since launching its accumulation program in 2020. This latest transaction extends what has evolved into one of the most closely monitored corporate treasury strategies in financial markets.

During the previous week, Strategy acquired 3,015 bitcoin for $204.1 million at an average price of $67,700 per coin, elevating holdings to 720,737 BTC before this most recent purchase.

As of March 8, 2026, Strategy maintained $35.84 billion in aggregate securities available for issuance and distribution through its ATM program.