Michael Saylor’s Strategy has added another major block of bitcoin to its balance sheet, buying 17,994 BTC for about 1.28 to 1.3 billion dollars during the week of March 2 to March 8. The filing puts the average purchase price at roughly 70,946 dollars per coin, making this one of the company’s largest weekly acquisitions in recent months. After the latest buy, Strategy’s total holdings climbed to 738,731 BTC.
The company has now spent about 56.04 billion dollars building that position, with an average acquisition cost of roughly 75,862 dollars per bitcoin. At the time the purchase was reported, bitcoin was trading just under 68,000 dollars, which meant the market value of Strategy’s treasury sat below its aggregate cost basis. That gap has done little to change the company’s approach, which still treats bitcoin accumulation as the central pillar of its corporate strategy.
What stands out is how the purchase was funded. Most of the cash came from fresh capital raises, especially common stock sales, with a smaller but still meaningful portion coming from sales of Strategy’s preferred shares. Bloomberg and other reports indicated that roughly 900 million dollars came from Class A stock issuance, while about 377 million dollars was raised through sales of the firm’s “Stretch” preferred shares. That structure shows Strategy is still using public market instruments, not operating cash flow, to keep expanding its bitcoin exposure even during a softer market.
The market’s reaction was relatively calm but positive. Barron’s reported that Strategy shares rose about 3.3 percent after the news, while other coverage described the move as another sign that the firm remains fully committed to buying dips rather than slowing down after the volatility of late 2025 and early 2026. The purchase also came while broader macro nerves remained elevated, which makes the scale of the buy more notable. Strategy is effectively signaling that it sees current bitcoin prices as attractive enough to justify another billion dollar allocation even with its balance sheet already heavily exposed to BTC.
More broadly, the transaction reinforces the unusual identity Strategy has built for itself. It is no longer viewed primarily as a software company with a bitcoin treasury on the side. It is increasingly treated by the market as a publicly listed bitcoin accumulation vehicle that uses equity and preferred securities to absorb more supply over time. That model continues to attract both believers and skeptics, but this latest purchase makes one point clear: Strategy is still pushing aggressively, and Saylor has not backed away from the core thesis that bitcoin remains the company’s main long term asset.





































































































