MicroStrategy doubles down on BTC
MicroStrategy bought 22,337 BTC for about $1.57 billion — roughly $70,194 per coin — and the company now reports holding 761,068 BTC with a notional value cited near $57.61 billion at a $75,696 average cost per coin [](https://x.com/saylor/status/2033514074156179922). Social traders are using the buy to argue MicroStrategy could hit 1M BTC by year‑end and that bitcoin is outperforming gold and real estate amid conflict‑driven safe‑haven flows .
A Form 8‑K filed March 16, 2026(sec.gov) recorded the trades and shows the acquisition window ran from March 9 through March 15, 2026. The company’s ATM update lists sales of 11,818,467 STRC preferred shares for $1,181.8 million (net $1,180.4 million) and 2,833,668 shares of Class A common stock that generated $396.0 million, totaling about $1,576.4 million in ATM proceeds for the period.(publicnow.com) Cointelegraph reported that proceeds from STRC made up roughly 75% of the financing for the buy, with the firm noting STRC traded as the most liquid preferred that week.(cointelegraph.com) Bitcoin Magazine’s disclosure of the company’s capital plan lists multiple preferred classes and an overarching “42/42” initiative that targets raising $84 billion via equity and convertible-note programs through 2027.(bitcoinmagazine.com) Equity markets reacted: MSTR shares jumped about 4% in pre‑market trading on the day the filing surfaced, according to market reports.(invezz.com) Industry trackers ranked the transaction among the firm’s five largest corporate Bitcoin purchases on record, placing it alongside prior multi‑thousand‑coin buys the company has executed.(cointelegraph.com) CoinDesk’s math shows that reaching a 1,000,000‑coin target by the end of 2026 would require roughly 6,158 BTC per week — about $523 million per week or roughly $22.2 billion in total at an $85,000 BTC assumption — and analysts caution sustaining that pace would depend on continued large equity issuance that could dilute shareholders.(coindesk.com)
