MicroStrategy acquires 22,337 BTC for $1.57B, reports 23,134 BTC "Bitcoin Gain" year-to-date in 2026

Strategy, formerly MicroStrategy, purchased 22,337 BTC for approximately $1.57B in the week ended March 15, 2026, funded by $1.2B from perpetual preferred share sales and $400M in common equity, executive chairman Michael Saylor disclosed March 17. The acquisition brought total holdings to 761,068 BTC at an average cost of $75,696 per coin, representing roughly 3.5% of Bitcoin's 21 million supply. The company reported a cumulative "BTC Gain" of 23,134 BTC (about $1.6B) for 2026 year-to-date under a new metric Saylor positions as superior to GAAP net income, though Strategy posted a $12.4B GAAP net loss in Q4 2025 and analysts note the metric excludes $57.61B in cumulative Bitcoin spending, $2.25B in reserves backing up to $887M in annual dividends, and leverage that has driven the firm's enterprise value toward $66.9B.