Bitcoin News: Strategy Buys 22,337 Bitcoin for $1.57 Billion, Total Holdings Surpass 761,000 BTC

Key TakeawaysStrategy acquired 22,337 BTC for $1.57 billion last week at an average price of $70,194, per an SEC filingTotal holdings now stand at 761,068 BTC, acquired for a cumulative cost of approximately $57.61 billionThe purchase ranks among Strategy's five largest Bitcoin acquisitions on recordFunding came primarily from record STRC preferred stock sales -- 11.9 million shares generating $1.18 billion, covering 75% of the purchaseStrategy would need to acquire approximately 238,932 more BTC, roughly 5,700 per week over 42 weeks, to reach its 1 million BTC target by year-endMichael Saylor's Strategy added another 22,337 Bitcoin to its balance sheet last week, pushing total holdings past 761,000 BTC and cementing its position as the world's largest public holder of the asset, according to a US Securities and Exchange Commission filing published Monday.The $1.57 billion purchase was executed at an average price of $70,194 per Bitcoin, below the company's overall average acquisition cost of $75,696. Bitcoin averaged $70,571 for the week of March 9–15 based on daily closing prices. The acquisition ranks among the five largest single-week Bitcoin purchases Strategy has made on record, following a 17,994 BTC buy for $1.28 billion the prior week.Total holdings now stand at 761,068 BTC acquired for approximately $57.61 billion in aggregate.STRC Drives FundingThe purchase was funded largely through record sales of Strategy's perpetual preferred equity, known as Stretch (STRC). According to the SEC filing, the company sold 11.9 million STRC shares last week, generating $1.18 billion in net proceeds -- accounting for 75% of the total Bitcoin purchase cost. An additional 2.8 million Class A common shares (MSTR) were sold, generating $396 million.The outsized STRC activity followed Strategy easing its sales rules on March 9, which allowed the company to run its STRC at-the-money offering in extended hours through a second broker. Bitcoin Quant founder Rohan Hirani noted on X that it was the first week Strategy could operate the STRC ATM under those expanded conditions, with approximately 10,767 BTC estimated to have been purchased across four active trading days via STRC proceeds alone.Saylor has described STRC as now the most liquid preferred stock in the market.Road to One Million BTCWith holdings at 761,068 BTC, Strategy requires an additional 238,932 Bitcoin to reach its widely cited 1 million BTC target. At the current weekly acquisition pace, that would require approximately 5,700 BTC per week across the remaining 42 weeks of 2026 -- a rate the company has exceeded in each of the past two weeks.