Strategy, the world’s largest publicly traded holder of Bitcoin, has added 1,031 BTC to its reserves at a total cost of $76.6 million, according to an 8-K filing submitted to the US Securities and Exchange Commission on Monday. The coins were purchased at an average price of $74,326 each, coming in below the company’s overall average acquisition cost of $75,694 per coin. Bitcoin’s average daily closing price for the week of March 16 through 22 stood at approximately $70,871.
The latest acquisition brings Strategy’s total holdings to 762,099 BTC, accumulated at a combined cost of roughly $57.69 billion. The purchase was funded through sales of the company’s Class A common stock, a different approach from the funding method used in the prior week’s transaction. This marks a notable shift in how the firm is financing its ongoing accumulation strategy.
The most recent buy is considerably smaller than Strategy’s two preceding weekly purchases. The company reported a 22,337 BTC acquisition the previous Monday, valued at approximately $1.6 billion, which ranks among the largest single purchases in the firm’s history. A week before that, Strategy disclosed a 17,994 BTC buy, underscoring the pace at which the company had been expanding its position.
That $1.6 billion purchase was primarily funded through sales of the company’s perpetual preferred equity instrument, STRC, also known as Stretch. Proceeds from STRC sales reached approximately $1.2 billion, covering around 75% of the total cost of that transaction. The latest, smaller purchase relied instead on Class A common stock rather than preferred equity offerings.
Across the month of March, Strategy has purchased a total of 41,362 Bitcoin for approximately $2.93 billion. With Bitcoin trading at $70,430 at the time of the filing, the company’s total BTC holdings are valued at around $54 billion, representing a decline of roughly 7% relative to its total acquisition cost, according to data from CoinGecko. The figures highlight the exposure Strategy carries as Bitcoin prices fluctuate.
Strategy, associated with executive chairman Michael Saylor, has pursued an aggressive Bitcoin accumulation policy over several years, consistently using equity and debt instruments to fund purchases. The variation in weekly purchase sizes and funding mechanisms reflects the company’s flexible approach to capital deployment. Observers continue to monitor how the firm balances its equity issuance with its Bitcoin acquisition goals as market conditions shift.
Originally reported by CoinTelegraph.
