Strategy, formerly MicroStrategy and led by Michael Saylor, disclosed a new Bitcoin purchase and a sweeping capital-raising plan on Monday, signaling a push to accelerate its long-stated ambition of holding 1 million BTC by the end of 2026.
Weekly Purchase: 1,031 BTC for $76.5 Million
In a routine Monday filing with the U.S. Securities and Exchange Commission (SEC), Strategy said it spent $76.5 million to acquire 1,031 BTC for its corporate treasury. The buy came as Bitcoin traded back inside a two-month consolidation range between roughly $60,000 and $72,000 after failing to sustain a move above $76,000 last week.
The company has maintained a steady cadence of weekly disclosures over recent years as it became one of the largest publicly listed corporate holders of Bitcoin.
Holdings and Cost Basis
According to data compiled by Bitcointreasuries.net, Strategy held 762,099 BTC as of March 23. The firm’s average purchase price is cited at $75,694 per coin, implying a cost basis near $57.7 billion for its position.
$42 Billion Capital Program to Accelerate Accumulation
Beyond the latest buy, Strategy amended its corporate authorizations to enable a larger accumulation campaign. The company outlined plans to raise up to $42 billion in new capital, split evenly between as much as $21 billion of Class A common stock (MSTR) and $21 billion of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC). The authorizations would provide substantial purchasing power to accelerate Bitcoin acquisitions.
At current prices near $70,500, a $42 billion raise could theoretically fund the purchase of roughly 595,000 BTC. If executed in full, Strategy’s total holdings could exceed 1.35 million BTC—representing about 6.42% of Bitcoin’s 21 million fixed supply—according to Bitcointreasuries.net. While the company has referenced a 1 million‑coin aspiration by the end of 2026, the newly authorized capacity could, in theory, reach that level sooner depending on market conditions and execution.
Market Context and Management Commentary
Bitcoin rebounded by nearly 3% on Monday, though CoinGecko data show the asset down about 4% over the past week. CEO Phong Le referenced the symbolism of the capital program’s size in a post on X (formerly Twitter), noting that “42 is the Answer to the Ultimate Question of Life, the Universe, and Everything,” and highlighting the 21 + 21 split as a nod to Bitcoin’s 21 million supply cap.