Michael Saylor’s Strategy, the world’s largest public holder of bitcoin, added another 1,031 BTC to its treasury last week, funded through sales of Class A common stock rather than preferred equity.
Details of the purchase
The company paid $76.6 million for the coins at an average price of $74,326 per bitcoin, according to an 8-K filing with the US Securities and Exchange Commission.
That average sits below Strategy’s overall acquisition cost of $75,694 per coin.
Bitcoin averaged around $70,871 for the week of March 16–22 based on daily closing prices.
The new coins bring Strategy’s total holdings to 762,099 BTC, acquired for a combined cost of roughly $57.69 billion.
A smaller buy after two large weeks
The purchase is notably modest compared to Strategy’s two prior weekly buys.
The week before, the company reported a 22,337 BTC acquisition worth $1.6 billion — one of its largest on record — funded largely through sales of its perpetual preferred equity, Stretch (STRC), which generated roughly $1.2 billion, or about 75% of the total.
The week before that, Strategy bought 17,994 BTC.
In March alone, Strategy has purchased 41,362 bitcoin for approximately $2.93 billion.
Holdings now underwater for the month
With bitcoin trading around $70,430 at the time of the filing, Strategy’s total stash is worth roughly $54 billion — down about 7% from its blended cost basis.
The company has not indicated any change to its long-term accumulation strategy, which has made it the dominant corporate holder of bitcoin by a wide margin.
