Digital asset giant Strategy has acquired 17,994 additional bitcoins for approximately $1.28 billion. According to an 8-K filing with the Securities and Exchange Commission on Monday, the purchases were made between March 2 and March 8 at an average price of $70,946 per token. This latest move marks a milestone for the firm, as executive chairman Michael Saylor noted the company has now completed over 100 distinct acquisition sets, stating on social media that “the second century begins.”
The company’s total holdings now stand at 738,731 BTC, a massive position representing more than 3.4% of Bitcoin’s total fixed supply of 21 million. While the current market value of the stash is roughly $50 billion, the total cost basis — including fees and expenses — sits at approximately $56 billion, reflecting an average purchase price of $75,862 per bitcoin. Based on current market fluctuations, the position is presently maintaining approximately $6 billion in mark-to-market losses.
To fund this expansion, Strategy utilized proceeds from at-the-market (ATM) sales of its Class A common stock and its perpetual “Stretch” preferred stock. In the past week alone, the firm generated approximately $899.5 million through the sale of over six million common shares and another $377.1 million via preferred stock. Despite these significant raises, the company remains heavily capitalized for future purchases, with over $6.7 billion in common stock and $3.1 billion in preferred stock still available for issuance under its current programs.
These financial maneuvers are part of a broader “42/42” plan, an ambitious strategy aiming to raise $84 billion through equity offerings and convertible notes by 2027. The company’s diverse preferred stock offerings — anging from the high-risk, 10% dividend STRD shares to the more conservative, cumulative STRF shares — provide a multi-tiered capital structure designed to fuel continuous bitcoin accumulation. This aggressive model has set a precedent in the corporate world, where 193 public companies have now adopted some form of bitcoin acquisition strategy.
While Strategy remains the undisputed leader in corporate holdings, other major players continue to build their reserves. Companies such as MARA, Tether-backed Twenty One, and Metaplanet round out the top tier of public bitcoin treasuries. However, with a portfolio that dwarfs its nearest competitors, Strategy’s latest multi-billion dollar buy reaffirms its commitment to a Bitcoin-standard treasury model as it enters its second “century” of acquisitions.
