Key Takeaways

• Strategy acquired 22,337 Bitcoin last week for roughly $1.57 billion.

• The company now holds 761,068 BTC, moving closer to the 1 million coin milestone.

• The purchase was largely funded by sales of the company’s STRC preferred stock.

The Road to One Million Bitcoin

Michael Saylor’s Strategy is making a historic run toward owning 1% of the total Bitcoin supply. In its latest SEC filing, the firm revealed a massive acquisition of 22,337 BTC, executed at an average price of $70,194 per coin. This brings the company’s total holdings to an incredible 761,068 BTC, acquired for a cumulative cost of over $57 billion. At the current pace of accumulation, Strategy is well-positioned to hit the 1 million BTC mark before the end of 2026, requiring a weekly average of just 5,700 BTC to finish the year at seven figures.

The logistics of these billion-dollar buys are increasingly sophisticated. Strategy has shifted from traditional debt to leveraging its own equity as a “Bitcoin-buying machine.”

By utilizing proceeds from both Common A shares and its unique preferred stock, the company is able to stack Satoshis even during periods of high market volatility. With the current holdings valued significantly higher than the acquisition cost, Strategy remains the most dominant institutional force in the crypto market.

STRC now the most liquid preferred stock in the market, Saylor says

The engine behind this latest shopping spree is the “Stretch” (STRC) perpetual preferred equity. Michael Saylor recently highlighted that STRC has become a powerhouse of liquidity, allowing the firm to raise capital in extended hours with multiple brokers.

During the most recent week of trading, Strategy sold 11.9 million shares of STRC, netting $1.18 billion—covering 75% of the week’s Bitcoin purchase. This strategy allows the firm to “arbitrage” investor demand for its stock into hard digital assets.

Analysts believe that as long as the market remains hungry for STRC, Saylor will continue to vacuum up every available Bitcoin on the secondary market.

Final Thoughts

Strategy’s “infinite loop” of stock sales and Bitcoin buys is rewriting the rules of corporate treasury. As they close in on 1 million BTC, the firm is essentially becoming a decentralized central bank for the digital age.

Frequently Asked Questions

How much Bitcoin does Strategy own?
As of mid-March 2026, the company holds exactly 761,068 BTC.

What is STRC stock?
It is Strategy’s perpetual preferred equity used to fund massive Bitcoin acquisitions.

What is Michael Saylor’s goal?
While not explicitly stated, the current accumulation pace suggests a target of 1 million BTC by year-end.