Saylor’s Strategy Nears 800K Bitcoin as Billion-Dollar Buying Spree Continues

Strategy disclosed it purchased 13,927 Bitcoin (BTC) for approximately US$1B (AU$1.45B) at an average price of US$71,902 (AU$104K) per coin, marking its fifth-largest acquisition of 2026.

The purchase increases the company’s total holdings to 780,897 BTC, acquired for a cumulative US$59.02B (AU$85.58B) at an average cost basis of US$75,577 (AU$109,587). 

With Bitcoin trading near US$71K (AU$102.95K), the firm reported unrealised losses of US$14.46B (AU$20.97B) for Q1 2026 in a recent SEC filing.

The acquisition was fully funded through sales of Strategy’s STRC preferred stock, a variable-rate perpetual instrument that requires roughly a 2.05% annual Bitcoin return to meet dividend obligations.

Related: Quantum Threat to Crypto? XRP Ledger Shows Surprising Resilience 

Outpacing BlackRock

Strategy has added 89,599 BTC year-to-date through late March, compared with about 8,484 BTC accumulated by BlackRock’s iShares Bitcoin Trust over the same period. The difference between the two has narrowed to around 8,000 BTC.

In March alone, Strategy purchased 46,233 BTC, while miners produced roughly 16,200 BTC globally during the same period.

Price impact has been limited despite the scale of accumulation, and keep in mind Strategy accounts for about 7% of gross Bitcoin inflows, while broader capital outflows have offset buying pressure. Bitcoin’s realised capitalisation has declined by US$29B (AU$42.05B) since February, and open interest in BlackRock’s ETF products has fallen by more than US$4B (AU$5.8B).

The company has access to about US$49B (AU$71.05B) in remaining at-the-market equity capacity to fund further purchases. 

Strategy now holds roughly 3.7% of Bitcoin’s circulating supply, estimated at around 20 million coins. Its shares fell about 2.5% in pre-market trading following the disclosure.

Read more: Gen Z in Australia Is Done Waiting for the Financial System to Work

The post Saylor’s Strategy Nears 800K Bitcoin as Billion-Dollar Buying Spree Continues appeared first on Crypto News Australia.