Strategy completed its most recent purchase less than a week ago, buying 34,164 Bitcoin for more than $2.5 billion.
Bitcoin News
Michael Saylor, co-founder of Strategy, posted the company's Bitcoin purchase history chart on Saturday without an accompanying statement.
The chart covers 107 transactions dating back to 2020, and sharing it has previously preceded a formal announcement of a new acquisition.
Strategy completed its most recent purchase less than a week ago, buying 34,164 Bitcoin for more than $2.5 billion. That transaction brought total holdings to 815,061 Bitcoin, valued at approximately $63.6 billion at current spot prices. No other publicly traded company holds a comparable position. Twenty One Capital, the second-largest publicly traded Bitcoin treasury company, holds 43,514 Bitcoin, according to BitcoinTreasuries.
Strategy's average acquisition cost is approximately $75,528 per coin, according to the company's own disclosures. With Bitcoin currently trading above $78,000, the treasury has returned to unrealized profit territory. That follows a reported unrealized loss of $14.5 billion for the first quarter of 2026, recorded after Bitcoin dropped from above $126,000 in October 2025 to around $60,000 in February 2026.
Bitcoin advocate Samson Mow said Strategy's buying pace is outrunning newly mined supply by a factor of three. He added that if the number of coins remaining on exchanges continues to fall, the pace of acquisition could create a supply shock in the broader Bitcoin market.
Analyst Adam Livingston projected that Strategy is on track to accumulate 1.2 million Bitcoin by the end of 2026. He said the company's Variable Rate Series A Perpetual Stretch Preferred Stock instrument, known as STRC, generates yield that funds continued purchases. Livingston also forecasted that Bitcoin could reach $1 million per coin through this mechanism.
Not all analysts share that view. Seeking Alpha contributor Rida Morwa argued last week that Strategy's model depends on either continued equity issuance or asset sales to cover preferred stock dividends. "This would be a wonderful plan if you knew that Bitcoin is going to be $100,000 next year," Morwa wrote, questioning the assumptions behind the company's long-term projections.
Strategy has drawn attention from both institutional observers and retail investors tracking corporate treasury activity. Its sustained buying pace has positioned it as a consistent source of Bitcoin demand, even as analysts debate the long-term sustainability of the capital structure supporting those purchases.
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