Strategy Adds 1,031 Bitcoin As Price Remains Below Cost Basis

bitcoinistPublished on 2026-03-24Last updated on 2026-03-24

Abstract

Bitcoin treasury company Strategy has purchased an additional 1,031 BTC for $76.6 million, funded entirely through the sale of its MSTR stock. This marks a significant slowdown compared to its billion-dollar purchases in previous weeks. The company's total holdings now stand at 762,099 BTC, which are currently valued below its average cost basis of $75,694 per coin. In contrast, Ethereum-focused firm Bitmine continues its aggressive accumulation of ETH despite being deep underwater, citing a belief that the asset is in the final stages of a "mini-crypto winter." Meanwhile, Bitcoin's price has recovered to around $70,500 after a recent dip.

Bitcoin treasury company Strategy has made a new Bitcoin purchase, adding another $76.6 million worth of the cryptocurrency to its stack.

Strategy Has Bought Another 1,031 Bitcoin

In a new post on X, Strategy co-founder and chairman Michael Saylor has shared the details related to the latest Bitcoin purchase made by the treasury company. On the last two Mondays, the firm made giant purchases worth more than $1 billion each, but it seems that the firm has slowed back down again with the latest acquisition as it has involved just 1,031 tokens.

For comparison, the previous two buys saw 17,994 and 22,337 coins enter Strategy’s coffers. The latter was the largest acquisition of 2026 and in fact, the fifth largest buy overall made by the firm since it started accumulating BTC back in 2020.

Strategy spent a total of $76.6 million for the latest acquisition, coming down to an average of $74,326 per token. According to the filing with the US Securities and Exchange Commission (SEC), the company funded the purchase entirely using sales of its MSTR at-the-market (ATM) stock offering. This means that this purchase diverges from what has been witnessed recently.

As Strategy highlighted in an official X post a few days ago, the company has been shifting toward more credit recently.

How the equity/credit split has looked this year | Source: Strategy on X

As displayed in the above chart, Strategy’s purchases got 55% of their funding through credit in March before the latest acquisition. “We’ve been buying more $BTC through $STRC lately,” noted the company in the post. For the latest buy, though, the company didn’t use STRC at all. That said, the acquisition was also a lighter one compared to other purchases from this month.

Following the new addition, Strategy’s Bitcoin holdings have grown to 762,099 BTC, equivalent to nearly 3.81% of the entire circulating supply of the cryptocurrency. Saylor’s firm spent a total of $57.69 billion on this stack, but currently, these reserves are underwater as BTC has continued to trade at levels lower than the company’s cost basis of $75,694.

Though, Strategy isn’t in a big loss right now. A treasury company that’s facing a much steeper unrealized loss is Bitmine, the Strategy-equivalent for Ethereum, the second largest digital asset by market cap.

Despite being deep underwater, the firm has continued with its aggressive ETH buying recently. According to a Monday press release, this accumulation has furthered over the past week. Thomas “Tom” Lee, Bitmine chairman, said:

Bitmine has maintained the increased pace of ETH buys in each of the past three weeks, as our base case is ETH is in the final stages of the ‘mini-crypto winter.’ In the past week, we acquired 65,341 ETH compared to an average of 45k to 50k weekly prior to that.

BTC Price

Bitcoin dropped below $68,000 earlier, but the coin has since jumped back to $70,500.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView

Related Questions

QHow many Bitcoins did Strategy purchase in its latest acquisition, and what was the total cost?

AStrategy purchased 1,031 Bitcoins at a total cost of $76.6 million.

QWhat was the primary funding method for Strategy's latest Bitcoin purchase, and how did it differ from recent acquisitions?

AThe latest purchase was funded entirely using sales of its MSTR at-the-market (ATM) stock offering, diverging from recent acquisitions which utilized a mix of equity and credit.

QWhat is Strategy's total Bitcoin holding after the latest purchase, and what percentage of the circulating supply does it represent?

AAfter the latest purchase, Strategy's total Bitcoin holdings are 762,099 BTC, representing nearly 3.81% of the entire circulating supply.

QHow does Strategy's current cost basis for Bitcoin compare to the current market price?

AStrategy's cost basis for Bitcoin is $75,694 per token, which is currently higher than the market price, putting their reserves underwater.

QWhich other treasury company is mentioned as facing significant unrealized losses, and what cryptocurrency are they accumulating?

ABitmine, the Strategy-equivalent for Ethereum, is mentioned as facing significant unrealized losses and has continued its aggressive accumulation of ETH.

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363 Total ViewsPublished 2025.05.13Updated 2025.05.13

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