MicroStrategy, the world’s largest public holder of Bitcoin, purchased 22,337 BTC for $1.57 billion last week, as per a Securities and Exchange Commission filing. This major purchase, executed at an average price below the company’s cumulative average, brings its total reserves to over 760,000 Bitcoin. The acquisition was funded in large part by record sales of the company’s STRC preferred stock.
MicroStrategy added 22,337 Bitcoin for a total of $1.57 billion last week, according to a regulatory filing. The purchase ranks among the firm’s five largest Bitcoin acquisitions on record.
The company acquired the Bitcoin at an average price of $70,194 per coin. This price sits below MicroStrategy‘s reported overall average acquisition cost of $75,696 per Bitcoin.
The latest purchase increases the company’s holdings to 761,068 BTC, acquired for a total cost of approximately $57.61 billion. To reach 1 million Bitcoin in 2026, the company would need to acquire an average of roughly 5,700 BTC each week for the remaining 42 weeks.
The purchase was funded amid substantial sales of the firm’s perpetual preferred equity, Stretch (STRC). According to the filing, MicroStrategy sold 11.9 million STRC shares for $1.18 billion, with net proceeds accounting for 75% of the Bitcoin purchase.
The company also sold 2.8 million of its common A shares (MSTR), generating $396 million. According to STRC Live, the preferred stock saw a record week with an estimated 10,767 BTC bought across four active trading days.
Bitcoin Quant founder Rohan Hirani noted the sales followed eased rules on March 9. “This was the first week MicroStrategy could run the STRC ATM in extended hours with a second broker,” Hirani stated.
