Strategy acquires $1.28 billion BTC as corporate treasuries near 5% of Bitcoin supply

• Strategy purchased 17,994 Bitcoin for about $1.28 billion, bringing its total holdings to 738,731 BTC.
• The company funded the acquisition through its at-the-market equity program, which raised $1.28 billion between March 2 and 8.
• Public companies now collectively hold 999,210 BTC, with Strategy accounting for the majority of recent corporate Bitcoin purchases.

Strategy disclosed that it purchased 17,994 Bitcoin (BTC) for roughly $1.28 billion last week, according to a filing with the Securities and Exchange Commission (SEC) on Monday.

The company made the purchase at an average price of about $70,946 per Bitcoin, bringing its total holdings to 738,731 BTC. Strategy's cumulative acquisition cost for its Bitcoin treasury now stands at roughly $56.04 billion, representing an average purchase price of $75,862 per coin.

Based on Monday's market price near $68,000 per Bitcoin, the company's holdings are valued at about $50 billion.

Strategy funds purchases via sales of STRC and MSTR stock

Strategy funded the acquisition using proceeds from its at-the-market (ATM) equity offering program. Between March 2 and March 8, the company raised approximately $1.28 billion through the sale of its STRC preferred stock and its MSTR class A common stock.

The ATM program allows the company to issue shares into the market periodically, providing capital that can be directed toward additional Bitcoin acquisitions.

Strategy's latest purchase represents a 527% increase in its weekly buying activity compared to previous weeks.

Data from SoSoValue shows that public companies collectively added about $1.28 billion worth of Bitcoin during the same week.

While Strategy accounted for the majority of the purchases, smaller acquisitions were reported by firms, including DayDayCook, which added 65 BTC, and Capital B, which added 2 BTC. Meanwhile, Japanese-based Metaplanet has paused its Bitcoin purchases for eight consecutive weeks.

Additionally, recent purchases have pushed the collective holdings of non-mining public BTC companies to 999,210 BTC, about 5% of Bitcoin's circulating supply.