Start now →

Breaking: Strategy Snaps Up $1.6 Billion Worth of Bitcoin (BTC)

By Alex Dovbnya · Published March 16, 2026 · 1 min read · Source: U.Today
Bitcoin

Breaking: Strategy Snaps Up $1.6 Billion Worth of Bitcoin (BTC)

News Breaking By Alex Dovbnya Mon, 16/03/2026 - 12:22 Strategy has added 22,337 Bitcoin to its corporate treasury for approximately $1.57 billion. Advertisement Breaking: Strategy Snaps Up $1.6 Billion Worth of Bitcoin (BTC)
Cover image via U.Today
Google

Strategy has just completed another massive Bitcoin purchase, adding over 22,000 BTC to its corporate treasury. The aggregate purchase price for this haul was a staggering $1.57 billion. 

Advertisement

Between March 9 and March 15, 2026, Strategy Inc. executed a massive accumulation phase, purchasing 22,337 Bitcoin.

According to the filing, the company managed to secure these assets at an average purchase price of $70,194 per BTC.

To bankroll this multi-billion-dollar acquisition, Strategy utilized its at-the-market (ATM) offering program to sell millions of shares of its own stock. 

Advertisement

You Might Also Like Title news Mon, 03/16/2026 - 11:25 Michael Saylor's Strategy Trims Losses as Bitcoin Tops $74,000 ByGodfrey Benjamin

Over the same week-long period, the company raised roughly $1.576 billion in net proceeds.

As of March 15, the company officially holds 761,068 BTC. The aggregate cost basis for this massive corporate treasury sits at $57.61 billion, bringing Strategy's lifetime average purchase price to $75,696 per Bitcoin.

Advertisement

The MSTR stock is up more than 4% in pre-market trading. The recent rally is being fueled by Bitcoin's price recovery. 

The stock is currently pushing up against local resistance in the $145.00 - $147.00 zone. It is attempting to form a higher low compared to the early March peak.

#Bitcoin Price Prediction Advertisement

Related articles

News Mar 16, 2026 - 12:18 Metaplanet Raises $234 Million to Buy More Bitcoin ByGodfrey Benjamin News Mar 16, 2026 - 12:07 XRP Market Cap Hits $90 Billion as Ripple Continues Adoption Push ByCaroline Amosun
This article was originally published on U.Today and is republished here under RSS syndication for informational purposes. All rights and intellectual property remain with the original author. If you are the author and wish to have this article removed, please contact us at [email protected].

NexaPay — Accept Card Payments, Receive Crypto

No KYC · Instant Settlement · Visa, Mastercard, Apple Pay, Google Pay

Get Started →