Strategy Acquires 17,994 BTC for $1.28 Billion

Strategy has purchased 17,994 BTC for $1.28 billion, raising its total holdings to 738,731 BTC, despite facing a $6 billion unrealized loss.

From March 2 to March 8, Strategy purchased 17,994 BTC for $1.28 billion, with an average price of $70,946 per coin.

Strategy has acquired 17,994 BTC for ~$1.28 billion at ~$70,946 per bitcoin. As of 3/8/2026, we hodl 738,731 $BTC acquired for ~$56.04 billion at ~$75,862 per bitcoin. $MSTR $STRC https://t.co/wB1k3Nt1xa
— Michael Saylor (@saylor) March 9, 2026

According to co-founder Michael Saylor, the company now holds 738,731 BTC, having spent a total of $56 billion (averaging $75,862 per bitcoin).

Currently, these assets are valued at approximately $50 billion, resulting in an unrealized loss of $6 billion due to the decline in price. Strategy now controls over 3.4% of the total supply of Bitcoin.

The new purchases were financed through the sale of securities. Over the past week, Strategy raised around $1.27 billion from the sale of common and preferred shares. This issuance is part of a three-year plan to raise $84 billion for Bitcoin acquisitions by 2027.

Before the report's release, Saylor tweeted:

“The second century begins.”

This refers to the fact that the firm has completed over a hundred rounds of cryptocurrency purchases.

According to BitcoinTreasuries, 194 public companies currently hold reserves in digital gold. Besides Strategy, the top ten includes MARA, Metaplanet, Riot Platforms, Coinbase, and others.

However, the market capitalization of crypto companies has significantly decreased from peak levels. Strategy's stock has fallen 71% from its highs, closing at $133.53 on March 6, with a net asset value ratio dropping to 0.99.

BitMine and Ethereum

BitMine's total asset volume has reached $10.3 billion, maintaining its status as the world's largest corporate holder of Ethereum.

As of March 8, the firm holds:

4,534,563 ETH;
$1.2 billion in fiat;
195 BTC;
venture investments totaling $214 million.

BitMine's holdings represent 3.76% of the total market supply of the asset. In the global ranking of corporate crypto investors, the company ranks second.

Forecast

BitMine's Chairman Tom Lee believes that digital assets are in the final stage of a "mini-crypto winter."

He noted that Ethereum's price dynamics currently correlate closely with the S&P 500 index patterns from the fall of 2011 (89% correlation) and 1987 (93% correlation). If this historical model holds, a local minimum for Ethereum could form in mid-March just below $1,740.

“No one knows where the absolute market bottom is. Therefore, we decided to slightly increase our pace of accumulating Ethereum,” Lee stated.

In the past week, BitMine acquired 60,976 ETH, whereas its previous weekly purchase average ranged from 45,000 to 50,000 coins.

As a reminder, at the end of February, short positions on Strategy's stock reached $6 billion with the company's market capitalization at $42 billion.