Strategy Buys $1.57B Bitcoin, Holdings Climb Above 761K BTC

Strategy has added another 22,337 Bitcoin to its balance sheet, pushing its total holdings above 761,000 BTC as Michael Saylor’s company continues one of the most aggressive corporate crypto buying campaigns in the market.

Key Takeaways

• Strategy bought 22,337 BTC for about $1.57 billion last week.
• The company’s total Bitcoin holdings now stand at 761,068 BTC, acquired for roughly $57.61 billion.
• The latest purchase was funded mainly through sales of STRC preferred shares and Class A common stock.
• The move marks Strategy’s fifth largest weekly Bitcoin purchase on record and further strengthens its position as the world’s biggest public corporate holder of Bitcoin.

What Happened?

Strategy disclosed in a filing with the U.S. Securities and Exchange Commission that it bought 22,337 Bitcoin between March 9 and March 13 at an average price of $70,194 per coin. That lifted the company’s total Bitcoin reserves to 761,068 BTC.

The latest buy follows another major purchase a week earlier, when the company acquired 17,994 BTC for about $1.28 billion. Together, the back to back buys show that Strategy is still moving aggressively even as Bitcoin trades around the low to mid $70,000 range.

Strategy Keeps Expanding Its Bitcoin Bet

Michael Saylor’s Strategy has turned Bitcoin accumulation into the center of its corporate identity, and the latest filing adds another major chapter to that approach. With 761,068 BTC now on its books, the company holds more than 3.4% of Bitcoin’s fixed 21 million supply, based on figures shared in the source reports.

Strategy said its total Bitcoin stash was acquired for about $57.61 billion, with an average purchase price of roughly $75,696 per Bitcoin. That means the company’s latest acquisition came in below its overall average cost basis, giving it a lower entry price than many of its earlier purchases.

The scale of the latest move also stands out historically. By volume, the 22,337 BTC buy ranks as the fifth largest weekly Bitcoin purchase ever made by the company. That is notable because Strategy has already built one of the largest treasury positions in corporate history, yet it is still buying in blocks large enough to move sentiment across the market.

How the Purchase Was Funded?

The company financed the latest Bitcoin purchase through a mix of equity sales and preferred stock issuance. According to the filing details included across the source material, Strategy sold about 11.9 million STRC shares for roughly $1.18 billion during the week. It also sold about 2.8 million Class A common shares, generating around $396 million.

That means the bulk of the latest Bitcoin buy was funded by STRC, which has become an increasingly important part of Strategy’s capital raising machine. Reports also noted that the company recently adjusted its sales rules, allowing more flexibility in how it runs the program.

Beyond STRC, Strategy also operates several preferred equity programs tied to its broader fundraising strategy, including STRK, STRF, and STRD. These offerings are part of the company’s wider 42-42 initiative, a plan aimed at raising $84 billion through equity sales and convertible notes by 2027 to keep buying more Bitcoin.

Each offering appears designed for a different investor appetite. Some focus on dividend income, while others offer conversion features or different risk profiles. In simple terms, Strategy is building a full scale funding structure around one main objective, buying and holding more Bitcoin.

Market Reaction and Saylor’s Signal

The market appeared to welcome the news. Source reports said MSTR shares rose about 4% in premarket trading, while Bitcoin traded near $73,600 to $74,000 after gaining over the weekend.

Image Credit – Google Finance

Saylor also appeared to hint at the purchase before the filing became public. One report noted that he posted, “Stretch the Orange Dots.” on social media, a line widely read as a signal that the company was still adding to its Bitcoin position.

That kind of messaging has become part of the Strategy playbook. Saylor often telegraphs confidence in Bitcoin before official announcements, helping keep the company closely tied to broader crypto market momentum.

Why This Matters?

Strategy is no longer just a software company with a Bitcoin treasury. It is increasingly being viewed as a Bitcoin holding vehicle powered by capital markets. Every new purchase expands that identity and increases the company’s influence over the broader conversation around institutional Bitcoin adoption.

The latest buy also shows that Strategy is not slowing down. If the company wants to reach 1 million BTC, it would still need to acquire another 238,932 Bitcoin. That keeps attention firmly on its future fundraising activity and on whether investors will continue backing its strategy at scale.

CoinLaw’s Takeaway

I think this latest move shows just how committed Strategy is to turning corporate finance into a direct pipeline for Bitcoin accumulation. In my experience, companies usually become more cautious after building a position this large, but Strategy keeps doing the opposite and that is exactly why the market keeps watching it so closely.

I found the funding side just as important as the Bitcoin buy itself. The real story here is not only that Strategy bought more BTC, but that it has built a repeatable system to keep raising money and feeding that capital into Bitcoin. That makes this more than a treasury move. It looks like a long term operating model.

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