Strategy Buys 17,994 BTC, Holdings Near 739K

Catenaa, Wednesday, March 11, 2026-  Strategy acquired 17,994 bitcoin for $1.28 billion last week, bringing its total holdings to 738,731 BTC, according to an 8-K filing Monday.

The purchases, executed from March 2 to March 8, averaged $70,946 per coin. At current prices, the treasury firm’s bitcoin stash is valued at roughly $50 billion, with total acquisition costs, including fees, around $56 billion.

The position represents about 3.4 percent of the 21 million bitcoin supply and sits on $6 billion in paper losses. Shares of Strategy fell 4.5 percent Friday to $133.53. Purchases were funded through equity offerings, including 6.3 million MSTR shares raising $899.5 million and 3.8 million STRC shares totaling $377.1 million. The firm operates multiple preferred stock programs offering dividends between 8 and 10 percent, convertible and fixed-rate structures, to finance bitcoin accumulation.

Strategy’s “42/42” plan envisions $84 billion in total funding through 2027, split evenly between equity and debt, to support ongoing corporate bitcoin purchases. Last week, the firm added 3,015 BTC at an average of $67,700, bringing holdings to 720,737 BTC before Monday’s transaction.

The corporate bitcoin race is intensifying. Public companies hold 193 bitcoin treasuries, with MARA at 53,822 BTC, Tether’s Twenty One at 43,514 BTC, and Metaplanet at 35,102 BTC. Strategy’s treasury dwarfs competitors combined. Bitcoin fell from $119,000 in mid-2025 to $69,000, contributing to paper losses for many corporate holders.

Global sovereign bitcoin holdings are also growing. El Salvador holds 5,800 BTC from volcano-powered mining, Bhutan 5,400 BTC via hydropower, and Germany seized 50,000 BTC from cybercrime. Japan, South Korea, and Singapore have added significant allocations. Russia and Kazakhstan maintain large crypto reserves, while corporate treasuries hedge inflation and mining cost increases following the April 2024 halving.

Institutional exposure is rising. BlackRock’s IBIT ETF holds 350,000 BTC, Fidelity 200,000 BTC, and Grayscale 250,000 BTC. Strategy pioneered corporate adoption, beginning with Michael Saylor’s 2020 conversion of balance sheets, followed by Tesla and Square. Dollar-cost averaging at scale, the 42/42 plan aims to acquire 1 percent of the global bitcoin supply. Wall Street analysts, including JPMorgan and Goldman Sachs, maintain positive ratings, citing leveraged upside potential.

Strategy’s approach contrasts sovereign funds that diversify.

While Bhutan and El Salvador sell periodically, Strategy accumulates aggressively through OTC desks, equity programs, and preferred instruments.

Corporate and institutional bitcoin now represent 1.8 percent of supply, with ETFs at 1.2 percent. Strategy alone equals combined holdings of smaller sovereign treasuries. Global bitcoin markets remain influenced by halving cycles, hash rate growth, and institutional adoption.