MicroStrategy (now Strategy) purchased 44,377 Bitcoin in March, representing 94% of all public-company BTC acquisitions that month. However, its stock extended a losing streak to nine consecutive months.
The data highlights a widening gap between Michael Saylor’s firm and the rest of the corporate Bitcoin sector. Total public company purchases exceeded 47,000 BTC, but sell-offs by nine firms reduced net additions to roughly 25,000 BTC.
MicroStrategy’s Buying Stands Alone
Strategy funded its March purchases through $1.18 billion in proceeds from STRC ATM sales and $396 million from MSTR ATM sales.
One weekly purchase alone totaled 22,305 BTC, marking one of the largest single-week acquisitions in corporate history.
The firm now holds 762,099 BTC acquired at an average cost of $75,699 per coin. That stack is worth roughly $52.36 billion at current prices of $68,698.
MicroStrategy Bitcoin Holdings. Source: StrategyHowever, the rest of the sector showed little appetite. Excluding Strategy, only about 15 companies added a combined 3,000 BTC during March.
According to analysts at BitcoinTreasuries, March was one of the weakest months for corporate buying on record.
Bitcoin Added by Public Companies Monthly. Source: Bitcoin TreasuriesSellers Reshape the Leaderboard
MARA Holdings led the sell-off, reducing its position by 15,133 BTC. Exodus Movement sold 1,084 BTC, while Empery Digital, KindlyMD, Cango, Fold Inc., Cleanspark, and The London Bitcoin Company also trimmed holdings.
GameStop pledged 4,709 BTC as collateral, which BitcoinTreasuries currently records as a reduction. That move cut GameStop’s holdings to just 1 BTC and reclassified $368.3 million as digital assets receivable.
Meanwhile, smaller buyers moved up the rankings. American Bitcoin added 961 BTC, Strive purchased 496 BTC, and Procap BTC acquired 450 BTC.
Bitcoin Added by Public Companies Monthly. Source: Bitcoin TreasuriesMSTR Stock Performance Tells a Different Story
Despite aggressive accumulation, MSTR stock has posted negative returns for nine straight months.
The 2025 year-to-date return stands at negative 47.53%, and the 2026 figure sits around negative 19.27%, according to monthly performance data.
Strategy Monthly Performance Since Adopting BTC. Source: Chris Millas on XThe stock has fallen roughly 60% from its November 2024 all-time high of $473.83. It traded near $124.83 as of this writing.
Earlier years painted a dramatically different picture. MSTR returned 358.54% in 2024 and 346.15% in 2023, periods when Bitcoin rallied sharply.
The current downturn reflects a weaker BTC environment and persistent selling pressure on the stock despite the company’s growing Bitcoin reserves.
Strategy’s dominance in corporate Bitcoin buying now raises a fundamental question. If the rest of the sector continues to retreat, how sustainable is a model where one company accounts for nearly all new institutional demand?
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The post MicroStrategy Hoards 94% of March Bitcoin While MSTR Bleeds for 9 Months appeared first on BeInCrypto.
Source: https://beincrypto.com/strategy-march-bitcoin-buying-mstr-streak/
