By adding 22,337 BTC to its cash reserves, Strategy confirms the acceleration of its buying strategy. Since early 2025, the company has accumulated more Bitcoins than the network has issued. This fuels speculation about a possible tightening of the available supply on the market, pushing prices higher.
Strategy adds $1.6 billion in Bitcoin (BTC) to its cash reserves
Michael Saylor, CEO of Strategy, has just announced a new purchase of 22,337 BTC made between March 9 and 15, 2026. The transaction represents a purchase of approximately $1.57 billion, at an average price of $70,194 per Bitcoin.
With this acquisition, the company now holds 761,068 BTC, purchased for a total of approximately $57.61 billion, at an average price of $75,696 per BTC, recording an unrealized loss of $1.4 billion, or 2.46%.
Strategy’s BTC purchases over time
A large portion of these new purchases was funded by proceeds from STRC, nicknamed “Stretch,” Strategy’s perpetual preferred stock.
Last week, the company sold 11,818,467 STRC shares, raising approximately $1.18 billion net, which alone allowed it to accumulate over 16,000 BTC. STRC currently pays a variable annualized dividend of 11.50%, adjusted monthly to encourage a price around $100, currently trading at $99.85.
Added to this are $396 million in net proceeds raised through the sale of MSTR shares, bringing the total to $1.576 billion, which enabled the purchase of an additional 22,337 BTC.
Since 2025, Strategy has absorbed more BTC than the networks have issued
What is most striking about Strategy’s figures is the ability of the company’s financial products to absorb a significant portion of the new BTC put into circulation.
As of January 1, 2025, the company held 446,400 BTC. Today, its holdings stand at 761,068 BTC, meaning it has accumulated 314,668 BTC since the beginning of 2025.
However, since the last halving, the reward paid to miners has been 3.125 BTC per block, with an average of one block produced every 10 minutes, amounting to approximately 450 BTC created each day.
Based on this, nearly 197,550 BTC would have been mined between January 1, 2025, and today. In other words, over this period, Strategy alone purchased 117,118 more Bitcoins than the protocol theoretically put into circulation. At the current BTC price, this represents over $8.5 billion.
The finding is just as striking when focusing solely on the first few months of 2026. While the company held 672,500 BTC as of January 1, 2026, it now owns 761,068, representing an additional 88,568 BTC acquired in just two and a half months. At the same time, the Bitcoin network has issued only about 33,300 BTC..
Even when its acquisitions are financed through share purchases and conducted outside traditional order books (OTC), they still contribute to removing BTC from available market liquidity, which mechanically strengthens buying pressure.
Combined with demand driven by ETFs, which appears to be stabilizing despite recent price volatility, this pressure is helping to support the market in an environment still marked by macroeconomic and geopolitical uncertainties.
