Strategy’s Bitcoin Accumulation Slows Sharply After Record Weeks

Picture of Michael Saylor

Strategy Inc has continued its Bitcoin treasury expansion with a more measured acquisition detailed in its latest SEC filing. The company reported today in an 8-K submission that it purchased 1,031 BTC between March 16 and March 22, 2026, for an aggregate price of approximately $76.6 million, including fees and expenses. This resulted in an average acquisition cost of $74,326 per Bitcoin for the period.

The addition brings Strategy’s total Bitcoin holdings to 762,099 BTC. The cumulative cost basis across the entire treasury now stands at roughly $57.69 billion, yielding a blended average acquisition price of $75,694 per coin. That blended figure shows a modest improvement from the prior week’s $75,696, reflecting the below-average entry price achieved this time.

This week’s activity marks a noticeable slowdown compared with the aggressive pace of recent periods. The previous week produced a record 22,337 BTC for about $1.57 billion, with STRC preferred shares funding roughly 75 percent of that volume through intensive at-the-market sales. That was a sharp increase from the week before, when STRC contributed around 30 percent toward the 17,994 BTC acquired. In the current period, however, STRC played no role in funding the purchase. No new shares of Variable Rate Series A Perpetual Stretch Preferred Stock were issued to support Bitcoin buys, and the entire 1,031 BTC was financed through common stock sales or other means.

The quieter pace aligns with a temporary pause in STRC activity. Trading below its $100 par value around the recent ex-dividend date limited efficient at-the-market issuances, reducing the preferred stock’s contribution to treasury growth during this cycle. While the volume is significantly smaller than the multi-billion-dollar acquisitions seen in the prior two weeks, the purchase underscores Strategy’s enduring commitment to Bitcoin as a core reserve asset.

The $74,326 average price secured this period remains below the company’s long-term blended cost basis, modestly enhancing overall treasury economics despite the reduced scale. Strategy maintains its position as the world’s largest corporate Bitcoin accumulator and shows no signs of departing from its accumulation-oriented strategy. The firm continues to adapt its capital-raising tactics to prevailing market conditions, preserving flexibility between STRC’s yield-driven appeal and common equity channels to support ongoing Bitcoin exposure over the long term.