- Strategy purchased 13,927 BTC at an average price of US$71,902, funded entirely through sales of its STRC preferred stock instrument.
- The firm’s total holdings reached 780,897 BTC acquired for US$59.02 billion, narrowing the gap with BlackRock’s iShares Bitcoin ETF to roughly 8,000 coins.
- Strategy disclosed US$14.46 billion in unrealised digital-asset losses for Q1 2026, with its average cost basis of US$75,577 sitting well above the current spot price.
Strategy disclosed it purchased 13,927 Bitcoin (BTC) for approximately US$1B (AU$1.45B) at an average price of US$71,902 (AU$104K) per coin, marking its fifth-largest acquisition of 2026.
The purchase increases the company’s total holdings to 780,897 BTC, acquired for a cumulative US$59.02B (AU$85.58B) at an average cost basis of US$75,577 (AU$109,587).
With Bitcoin trading near US$71K (AU$102.95K), the firm reported unrealised losses of US$14.46B (AU$20.97B) for Q1 2026 in a recent SEC filing.
The acquisition was fully funded through sales of Strategy’s STRC preferred stock, a variable-rate perpetual instrument that requires roughly a 2.05% annual Bitcoin return to meet dividend obligations.
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Outpacing BlackRock
Strategy has added 89,599 BTC year-to-date through late March, compared with about 8,484 BTC accumulated by BlackRock’s iShares Bitcoin Trust over the same period. The difference between the two has narrowed to around 8,000 BTC.
In March alone, Strategy purchased 46,233 BTC, while miners produced roughly 16,200 BTC globally during the same period.
Price impact has been limited despite the scale of accumulation, and keep in mind Strategy accounts for about 7% of gross Bitcoin inflows, while broader capital outflows have offset buying pressure. Bitcoin’s realised capitalisation has declined by US$29B (AU$42.05B) since February, and open interest in BlackRock’s ETF products has fallen by more than US$4B (AU$5.8B).
The company has access to about US$49B (AU$71.05B) in remaining at-the-market equity capacity to fund further purchases.
Strategy now holds roughly 3.7% of Bitcoin’s circulating supply, estimated at around 20 million coins. Its shares fell about 2.5% in pre-market trading following the disclosure.
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