Strategy Raises ₱2.63 trillion ($44 billion) for Bitcoin Purchases, Holds 762K BTC
Strategy is launching a ₱2.63 trillion ($44.1 billion) capital raise through three stock programs as it continues aggressive Bitcoin accumulation despite a 6.3% unrealized loss on its current holdings.
Key Takeaway
Strategy is doubling down on Bitcoin buying despite sitting on a 6.3% unrealized loss.
Strategy filed with the SEC on Monday to raise ₱2.63 trillion ($44.1 billion) through three stock programs to fund more Bitcoin purchases.
The company plans to raise ₱1.25 trillion ($21 billion) from selling Strategy common stock, another $21 billion from Stretch perpetual preferred stock, and $2.1 billion from Strike perpetual preferred stock. All three will be sold through at-the-market programs with no specified timeline — the SEC filing only states shares may be sold from time to time.
Strategy added 90,000 Bitcoin to its balance sheet in the first three months of 2026 despite Bitcoin falling roughly 70% from its all-time high. The latest purchase came on Monday when the company bought 1,031 Bitcoin for $76.6 million. Two larger-than-usual purchases hit earlier this month: 17,994 Bitcoin on March 9 and 22,337 Bitcoin on March 16, totaling $2.9 billion combined.
The company now holds 762,099 Bitcoin worth $54 billion, currently sitting at a 6.3% unrealized loss as Bitcoin trades well below its peak.
Strategy, formerly MicroStrategy, shifted its focus to Bitcoin accumulation in August 2020 when it made an initial purchase of 21,454 BTC for $250 million. The company has since moved away from convertible debt to perpetual preferred stocks, which allow incremental selling without diluting common shares. That funding evolution enabled the record Q4 2024 purchase of 218,887 BTC for $20.5 billion, executed after the U.S. presidential election.
The company held 447,470 BTC in December 2024 before starting this year's aggressive accumulation phase, purchasing over 760,000 BTC by March 24, 2026.
This article was written based on reporting from Cointelegraph.
