Michael Saylor is not slowing down. The founder of Strategy (formerly MicroStrategy) accelerated his Bitcoin buying with a nearly .3 billion purchase last week — the biggest in seven weeks. This comes as Bitcoin surpasses 4,000, its highest level in six weeks.
17,994 BTC Purchased
Between March 2 and March 8, 2026, Strategy acquired 17,994 Bitcoin for approximately .28 billion, or about 0,946 per coin. The company funded approximately 00 million of this purchase through Class A stock sales, with the remaining 77 million coming from « Stretch » preferred stock sales.
With this purchase, Strategy now holds over 720,000 Bitcoin, valued at approximately 0 billion at current Bitcoin prices. The company’s average acquisition cost stands at around 1,000 to 5,985 per BTC.
New Purchase Expected This Week
Michael Saylor shared a cryptic social media post this weekend, showing a chart of Strategy’s Bitcoin holdings. This has sparked speculation about another purchase this week.
« Strategy keeps buying Bitcoin because stopping would be as much a signal to the market as buying more, » explained Nic Puckrin, analyst and co-founder of Coin Bureau. « If Strategy stops, Saylor is essentially admitting that the balance sheet can’t handle downward price pressure, which would weigh on both Strategy shares and broader Bitcoin sentiment. »
Stock-Funded Strategy
Despite previous promises to prioritize preferred stock, Strategy continues to rely primarily on common stock sales to fund purchases. The company has sold approximately .7 billion in common stock and 70 million in preferred shares to fund its past seven weekly Bitcoin purchases.
This continued common stock issuance dilutes existing shareholders’ holdings. Preferred shares allow Saylor to keep buying without further punishing common stock holders.
MSTR Stock Down 55%
Strategy (MSTR) stock, widely considered a Bitcoin proxy, has lost approximately 55% over the past 12 months. This decline reflects Bitcoin’s volatility, which saw significant swings in 2025, including a sharp selloff that hammered crypto-heavy balance sheets.
For this strategy to remain viable, Bitcoin needs to appreciate faster than Strategy’s obligations compound. The company has a cash reserve of approximately .25 billion.
Conclusion
Michael Saylor remains faithful to his Bitcoin strategy. With over 720,000 BTC in treasury and a history of regular purchases, Strategy continues to be the leading institutional player in the Bitcoin market. Investors will be closely watching the company’s next purchases as Bitcoin approaches new all-time highs.
