Strategy (MSTR) Shares Gain 3.7% Following $1.28 Billion Bitcoin Purchase

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TLDR

  • Strategy acquired 17,994 bitcoins from March 2–8, 2026, spending $1.28 billion at an average cost of $70,946 per coin.
  • The firm now possesses 738,731 BTC, bought for a cumulative $56.04 billion at an average price of $75,862 per coin.
  • The financing was obtained by selling 6.33 million Class A common stock shares ($899.5M) and 3.78 million STRC preferred stock shares ($377.1M).
  • MSTR shares rose 3.7% to $138.44 in morning trading; Bitcoin increased approximately 5% to about $69,200.
  • Strategy’s holdings now account for more than 3.4% of Bitcoin’s total fixed supply of 21 million coins.

Strategy purchased 17,994 bitcoins last week for $1.28 billion, increasing its total holdings to 738,731 BTC. The acquisition occurred between March 2 and March 8, 2026, at an average price of $70,946 per coin.

The firm revealed the purchase in a filing with the U.S. Securities and Exchange Commission. This raises Strategy’s total bitcoin expenditure to $56.04 billion, with an average purchase price of $75,862 per coin.

At present prices around $68,000–$69,000, the company’s holdings have a market value of approximately $50 billion. This means the position is below its average cost basis, though the firm shows no indication of decelerating its purchases.

Strategy now controls more than 3.4% of Bitcoin’s fixed 21 million supply. This establishes it as the largest corporate bitcoin holder by a substantial margin.

Strategy Inc, MSTR
MSTR Stock Card

MSTR shares climbed 3.7% to $138.44 in Monday morning trading. Bitcoin itself rose roughly 5% to approximately $69,200 for the day.

How the Purchase Was Funded

The $1.28 billion was raised through equity offerings, not from existing cash. Strategy sold 6.33 million shares of its Class A common stock via an at-the-market program, yielding $899.5 million in net proceeds.

The company also sold 3.78 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, ticker STRC, securing an additional $377.1 million. Together, these two transactions funded the entire bitcoin purchase.

Strategy still has approximately $6.71 billion in common stock available under its current ATM program. An additional $3.16 billion in STRC preferred stock capacity also remains untapped.

The firm operates several preferred stock programs — STRK, STRC, STRF, and STRD — providing access to billions in potential financing for future acquisitions.

The “42/42” Plan

These acquisitions are part of Strategy’s long-term “42/42” capital plan. The objective is to raise $84 billion through equity and convertible note offerings by 2027, with the funds allocated to additional bitcoin purchases.

The firm also modified its Omnibus Sales Agreement to permit a second agent to conduct securities sales before 9:30 a.m. and after 4:00 p.m. New York time. This provides Strategy with greater flexibility to trade outside regular market hours.

Executive chairman Michael Saylor alluded to the purchase on social media prior to the official filing. His post mentioned the company’s bitcoin tracker and declared that “the second century begins.”

This references Strategy surpassing 100 distinct bitcoin purchases since it started accumulating in 2020. This latest acquisition represents another milestone in what has become one of the market’s most closely monitored corporate treasury strategies.

In the previous week, Strategy had bought 3,015 bitcoins for $204.1 million at an average price of $67,700 per coin, bringing its holdings to 720,737 BTC at that time.

As of March 8, 2026, Strategy had $35.84 billion in total securities available for issuance and sale under its ATM program.