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[Strategy (MSTR) Spends $1.57 Billion to Buy 22,337 More Bitcoin, Holdings Reach 738,731 BTC](https://bitcoinmagazine.com/news/strategy-mstr-spends-1-57-billion)

Strategy, the bitcoin treasury company led by executive chairman Michael Saylor, purchased another 22,337 bitcoin for about $1.57 billion last week, continuing one of the largest corporate accumulation strategies in the crypto market.

The company disclosed in a [filing](https://www.strategy.com/press/strategy-acquires-22337-btc-now-holds-761068-btc_03-16-2026) with the U.S. Securities and Exchange Commission that the purchases took place between March 9 and March 13 at an average price of $70,194 per coin. The acquisition brings the firm’s total holdings to 761,068 bitcoin.

Strategy said its cumulative bitcoin holdings were acquired for roughly $57.61 billion at an average price of about $75,696 per coin. At the current price near $74,000, the company’s holdings carry a market value close to $50 billion.

The stash represents more than 3.4% of the fixed 21 million supply of Bitcoin, reinforcing MSTR’s status as the largest corporate holder of the asset.

Last week, Strategy [purchased](https://bitcoinmagazine.com/news/strategy-mstr-spends-1-28-billion-btc) 17,994 bitcoin for about $1.28 billion at an average price of $70,946 per coin, bringing the company’s total holdings to 738,731 bitcoin.

At the time of writing, Strategy’s [stock](https://bitcoinmagazine.com/markets/strategy-mstr-coinbase-bitcoin-jumps) (MSTR) is trading up 4.40% in pre-market. Bitcoin is trading slightly shy of $74,000.

> BREAKING: Michael Saylor's Strategy purchased 22,337 Bitcoin for $1.57 BILLION 

>

> — Bitcoin Magazine (@BitcoinMagazine) [March 16, 2026](https://twitter.com/BitcoinMagazine/status/2033514103998755259?ref_src=twsrc%5Etfw)

Strategy’s stock sales and stock issuance

The latest purchases were financed through a mix of equity sales and preferred stock issuance.

The purchases were funded through at-the-market sales of Strategy’s Class A common stock, MSTR, along with issuances of its perpetual [Stretch preferred shares, STRC](https://bitcoinmagazine.com/bitcoin-for-corporations/strategy-rapid-bitcoin-accumultion-strc).

The firm also operates several preferred-equity issuance programs tied to its capital-raising strategy. These include at-the-market programs for STRK, STRC, STRF, and STRD totaling $21 billion, $4.2 billion, $2.1 billion, and $4.2 billion respectively.

Those offerings sit alongside the company’s broader “42/42” [initiative](https://bitcoinmagazine.com/news/strategy-mstr-buys-204-million-in-bitcoin), a plan to raise $84 billion through a combination of equity sales and convertible notes to fund additional bitcoin purchases through 2027.

Each preferred share class targets a different investor profile.

STRD carries a 10% non-cumulative dividend and is non-convertible, positioning it as the highest-risk, highest-return option.

STRK pays an 8% non-cumulative dividend and includes a conversion feature that offers potential equity upside. STRF, also non-convertible, provides a 10% cumulative dividend and is structured as the most conservative of the offerings.

STRC features a cumulative dividend with a variable rate paid monthly, designed to adjust over time and keep the shares trading close to their $100 par value.

Saylor hinted at the acquisition before the official disclosure in a post on social media that referenced Strategy’s bitcoin tracker. The message stated that “Stretch the Orange Dots.,” a reference to the firm continuing to buy throughout the price changes.  


This post [Strategy (MSTR) Spends $1.57 Billion to Buy 22,337 More Bitcoin, Holdings Reach 738,731 BTC](Bitcoin Magazine(Micah Zimmerman(https://bitcoinmagazine.com/authors/micahzimmerman).