The company acquired 1,031 Bitcoin for approximately $76.6 million, according to an 8-K filing with the US Securities and Exchange Commission on Monday.

The purchase was made at an average price of $74,326 per coin, slightly below the firm’s overall acquisition cost of $75,694 per Bitcoin.

The latest buy brings Strategy’s total holdings to 762,099 BTC, acquired for a cumulative cost of around $57.69 billion.

Based on current Bitcoin prices near $70,000, the company’s holdings are estimated to be worth roughly $54 billion, leaving it down about 7% on its investment.

Smaller purchase follows aggressive accumulation

The latest acquisition marks a sharp slowdown in Strategy’s buying activity.

In the previous two weeks, the company had made substantially larger purchases, including a 22,337 BTC buy worth $1.6 billion and a 17,994 BTC purchase the week before.

The $1.6 billion acquisition ranks among the largest in Strategy’s history and was primarily funded through the issuance of its perpetual preferred equity, known as Stretch (STRC).

The offering generated approximately $1.2 billion, accounting for about 75% of the total purchase.

By contrast, last week’s more modest purchase suggests a shift in the company’s pace of accumulation, even as it maintains its long-standing strategy of building Bitcoin reserves.

In total, Strategy has acquired 41,362 Bitcoin in March alone, spending roughly $2.93 billion during the month.

Funding shifts to common stock sales

Another notable shift in the latest transaction is the funding source.

Unlike the previous large purchases, which relied heavily on preferred equity issuance, the most recent acquisition was funded entirely through the sale of Class A common stock.

This change highlights a more measured approach to capital raising, as the company adjusts its funding mix following the sizable inflows generated through its preferred equity program.

The filing confirmed that the company used proceeds from common stock sales to finance the $76.6 million purchase.

Market conditions weigh on holdings

The latest purchase comes amid a softer price environment for Bitcoin.

The cryptocurrency averaged around $70,871 during the week of March 16–22, based on daily closing prices, and was trading near $71,600 at the time of writing.

As a result, Strategy’s aggregate position is currently under pressure, with the firm sitting on an unrealized loss of approximately 7% relative to its total acquisition cost.

Despite this, the company has continued to add to its holdings, reinforcing its conviction in Bitcoin as a long-term treasury asset.

Shares of Strategy were modestly higher in premarket trading, rising about 1.7%, even as the pace of Bitcoin purchases slowed.

The company’s latest move suggests a more cautious accumulation phase, balancing its aggressive long-term strategy with evolving market conditions and funding dynamics.
source: https://www.tradingview.com/news/invezz:a0ba75253094b:0-michael-saylor-s-strategy-mstr-buys-1-031-bitcoin-slows-pace-of-btc-buys/