{"id":95067,"date":"2026-03-09T17:40:42","date_gmt":"2026-03-09T14:40:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=95067"},"modified":"2026-03-09T17:45:35","modified_gmt":"2026-03-09T14:45:35","slug":"strategy-acquires-17994-btc-for-1-28-billion","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/strategy-acquires-17994-btc-for-1-28-billion\/","title":{"rendered":"Strategy Acquires 17,994 BTC for $1.28 Billion"},"content":{"rendered":"<p>Between March 2 and 8, Strategy acquired 17,994 BTC for $1.28 billion, with an average price of $70,946 per coin.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Strategy has acquired 17,994 BTC for ~$1.28 billion at ~$70,946 per bitcoin. As of 3\/8\/2026, we hodl 738,731 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> acquired for ~$56.04 billion at ~$75,862 per bitcoin. <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24STRC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRC<\/a> <a href=\"https:\/\/t.co\/wB1k3Nt1xa\">https:\/\/t.co\/wB1k3Nt1xa<\/a><\/p>\n<p>\u2014 Michael Saylor (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/2030977218726244562?ref_src=twsrc%5Etfw\">March 9, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to co-founder <a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor<\/a>, the firm now holds 738,731 BTC, having spent a total of $56 billion (averaging $75,862 per bitcoin).<\/p>\n<p>Currently, these assets are valued at approximately $50 billion. Due to the price drop, the company&#8217;s unrealized loss has reached $6 billion. Strategy controls over 3.4% of the maximum issuance of the first cryptocurrency.<\/p>\n<p>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 <a href=\"https:\/\/forklog.com\/en\/news\/microstrategy-aims-to-raise-42-billion-for-bitcoin-purchases\">$84 billion<\/a> to purchase bitcoin.<\/p>\n<p>Prior to the report&#8217;s release, Saylor <a href=\"https:\/\/x.com\/saylor\/status\/2030630059573207263\">wrote<\/a>:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe second century begins.\u201d<\/em><\/p>\n<\/blockquote>\n<p>This alludes to the firm having conducted over a hundred rounds of cryptocurrency purchases.<\/p>\n<p>According to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>, 194 public companies currently hold reserves in digital gold. Besides Strategy, the top ten includes MARA, Metaplanet, Riot Platforms, Coinbase, and others.<\/p>\n<p>Meanwhile, the market capitalization of crypto companies has significantly decreased from peak values. Strategy&#8217;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.<\/p>\n<h2 class=\"wp-block-heading\">BitMine and Ethereum<\/h2>\n<p>BitMine&#8217;s total assets have reached $10.3 billion. The organization remains the world&#8217;s largest corporate holder of Ethereum.<\/p>\n<p>As of March 8, the firm&#8217;s balance sheet includes:<\/p>\n<ul class=\"wp-block-list\">\n<li>4,534,563 ETH;<\/li>\n<li>$1.2 billion in fiat;<\/li>\n<li>195 BTC;<\/li>\n<li>venture investments totaling $214 million.<\/li>\n<\/ul>\n<p>BitMine&#8217;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.<\/p>\n<h2 class=\"wp-block-heading\">Forecast<\/h2>\n<p>BitMine&#8217;s Chairman Tom Lee believes digital assets are in the final stage of a &#8220;mini-crypto winter.&#8221;<\/p>\n<p>He notes that Ethereum&#8217;s price dynamics currently closely correlate with the S&#038;P 500 index chart from autumn 2011 (89% correlation) and 1987 (93% correlation). If the historical model holds, Ethereum&#8217;s local minimum will form in mid-March just below $1,740.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cNo one knows where the absolute market bottom is. Therefore, we decided to slightly increase the pace of Ethereum accumulation,\u201d Lee stated.<\/em><\/p>\n<\/blockquote>\n<p>Over the past week, BitMine acquired 60,976 ETH. Previously, the company&#8217;s average weekly purchases ranged from 45,000 to 50,000 coins.<\/p>\n<p>In late February, the volume of short positions on Strategy&#8217;s shares <a href=\"https:\/\/forklog.com\/en\/news\/short-bets-against-bitcoin-giant-strategy-reach-6-billion\">reached $6 billion<\/a> with the company&#8217;s market capitalization at $42 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Between March 2 and 8, Strategy acquired 17,994 BTC for $1.28 billion, with an average price of $70,946 per coin.<\/p>\n","protected":false},"author":1,"featured_media":95068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Strategy acquired 17,994 BTC for $1.28 billion, averaging $70,946 per coin.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,46,1207,919],"class_list":["post-95067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-ethereum","tag-microstrategy","tag-tom-lee"],"aioseo_notices":[],"amp_enabled":true,"views":"170","promo_type":"1","layout_type":"1","short_excerpt":"Strategy acquired 17,994 BTC for $1.28 billion, averaging $70,946 per coin.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=95067"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95067\/revisions"}],"predecessor-version":[{"id":95069,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/95067\/revisions\/95069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/95068"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=95067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=95067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=95067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}