Strategy buys $1.6B+ in bitcoin in two weeks

Tysons-based Strategy bought more than $1.6 billion worth of bitcoin over the past two weeks, standing by its crypto strategy despite fourth quarter losses.

From March 9 to March 15, the company, which is widely reported to be the world’s largest corporate bitcoin holder, acquired 22,337 bitcoin for approximately $1.57 billion, according to a filing with the U.S. Securities and Exchange Commission. Then, from March 16 to March 22, it acquired 1,031 bitcoins for approximately $76.6 million.

For last week’s bitcoin purchases, which averaged $74,326 per coin, Strategy used proceeds from shares it sold in that same period. The company, which rebranded from MicroStrategy a little more than a year ago, also used sales from shares to pay for its purchases in the previous week, when it paid an average of $70,194 per bitcoin. In an SEC filing Monday, the company announced an up-to-$21 billion common stock at-the-market offering and a $21 billion at-the-market offering for preferred stock.

As of March 22, Strategy held 762,099 bitcoins purchased for $57.69 billion total. The average purchase price per bitcoin, including fees and expenses, was $75,694. As of 1:45 p.m. Wednesday, bitcoins were selling for $70,876.16 apiece, according to crypto exchange Coinbase, valuing Strategy’s total holdings at more than $54 billion.

The company’s cryptocurrency investment strategy has been led by billionaire Executive Chairman Michael Saylor, who stepped down as CEO after the company’s August 2022 earnings report.

In February, Strategy reported a wider fourth quarter loss than in the previous year — losing $12.4 billion for the three months ended Dec. 31, 2025, compared with $670.8 million in the fourth quarter of 2024.

In January, the company bought about $2.13 billion worth of bitcoin in eight days despite volatility in the cryptocurrency market, Reuters reported.

On Wednesday afternoon, bitcoin was down slightly from a week ago, when coins were selling for $72,004.50. Bitcoin’s peak was on Oct. 6, 2025, when coins sold for $126,210.50 apiece, according to Coinbase.

As of 2:25 p.m. Wednesday, Strategy shares were trading for $138.23, up slightly from Tuesday’s close, when its shares traded for $136.25, but down slightly from the $140.46 it was trading for at market open Wednesday.

MicroStrategy announced its first bitcoin purchase in August 2020, saying it had converted $250 million from its cash holdings to more than 21,000 bitcoins, making it one of the first public companies to convert its cash treasury reserves into cryptocurrency as a store of value.