Strategy bought 22,337 Bitcoin for $1.57 billion last week, bringing its total holdings to 761,068 BTC. It pays for these purchases with record sales of its STRC preferred shares.
Last week, Michael Saylor’s Strategy, the world’s biggest public holder of Bitcoin, kept aggressively stacking Bitcoin, pushing the company’s total reserves to over 760,000 BTC.
According to a filing with the US Securities and Exchange Commission on Monday, Strategy bought 22,337 Bitcoin for $1.57 billion last week.
The transaction is one of the five biggest Bitcoin purchases ever made by Strategy. A week earlier, they bought 17,994 Bitcoin for $1.28 billion.
Strategy noted that the average price for the purchase was $70,194 per Bitcoin, which is less than the company’s average acquisition price of $75,696. Based on daily closing prices, Bitcoin’s average price for the week of March 9–15 was $70,571.
The business reported that the acquisition brought its total holdings to 761,068 BTC, which cost about $57.61 billion.
Source: SEC
STRC preferred shares fuel latest Bitcoin purchases
Saylor argues that STRC is currently the most liquid preferred stock on the market. The transaction came when Strategy relaxed its sales regulations on March 9 and began selling record amounts of its perpetual preferred equity, Stretch (STRC).
STRC Live estimated that over the course of four active days last week, investors bought 10,767 BTC, setting a record for the stock.
The report claims that Strategy sold 11.9 million STRC shares for $1.18 billion during the course of the week. The net proceeds made up 75% of the whole transaction. The company also sold 2.8 million Common A shares (MSTR), which made $396 million.
Strategy presently has 761,068 BTC, so it would need to buy 238,932 more BTC to reach 1 million. This means it would need to buy an average of 5,700 BTC every week for the next 42 weeks of 2026.