Strategy Acquires 17,994 BTC for $1.28 Billion

Strategy acquired 17,994 BTC for $1.28 billion, averaging $70,946 per coin.

Between March 2 and 8, Strategy acquired 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 firm 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. Due to the price drop, the company’s unrealized loss has reached $6 billion. Strategy controls over 3.4% of the maximum issuance of the first cryptocurrency.

The new acquisitions were financed through the sale of securities. Over the past week, Strategy raised about $1.27 billion from the sale of common and preferred shares. The issuance of securities is part of a three-year plan: by 2027, the company aims to raise $84 billion to purchase bitcoin.

Prior to the report’s release, Saylor wrote:

“The second century begins.”

This alludes to the firm having conducted 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.

Meanwhile, the market capitalization of crypto companies has significantly decreased from peak values. Strategy’s shares have fallen 71% from their highs. On March 6, trading closed at $133.53, and the net asset value ratio dropped to 0.99.

BitMine and Ethereum

BitMine’s total assets have reached $10.3 billion. The organization remains the world’s largest corporate holder of Ethereum.

As of March 8, the firm’s balance sheet includes:

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

BitMine’s coins account for 3.76% of the total market supply of the asset. The company ranks second in the global corporate crypto investor rankings.

Forecast

BitMine’s Chairman Tom Lee believes digital assets are in the final stage of a “mini-crypto winter.”

He notes that Ethereum’s price dynamics currently closely correlate with the S&P 500 index chart from autumn 2011 (89% correlation) and 1987 (93% correlation). If the historical model holds, Ethereum’s local minimum will form in mid-March just below $1,740.

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

Over the past week, BitMine acquired 60,976 ETH. Previously, the company’s average weekly purchases ranged from 45,000 to 50,000 coins.

In late February, the volume of short positions on Strategy’s shares reached $6 billion with the company’s market capitalization at $42 billion.