Strategy is on track to deliver its second largest Bitcoin buying quarter, maintaining an aggressive accumulation pace despite a recent decline in market prices. Since the start of 2026, the company has purchased 89,618 BTC, raising its total Bitcoin holdings to 761,068 BTC.
With two Mondays still remaining in the current quarter, additional purchases remain possible, which could further increase the total. The only quarter that exceeded current buying levels was fourth quarter 2024, when the firm acquired 194,180 BTC during a period when Bitcoin prices surged nearly 40% to $100,000.
While purchases remain strong, the broader market environment has been weaker. Bitcoin has declined roughly 20% over the past three months and currently trades more than 40% below its October peak of $126,000. During the same period, Strategy’s common stock has fallen about 15%, reflecting pressure on crypto-related equities.
Historically, some of the firm’s largest buying periods occurred in November 2024, when it executed major purchases of 27,200 BTC, 51,780 BTC, and 55,500 BTC as prices climbed rapidly.
Preferred Share Funding Supports Bitcoin Treasury Growth
Recent acquisitions were partially funded through the company’s Stretch (STRC) perpetual preferred share offering, which supported purchases of up to 15,000 BTC over the past two weeks. However, the program is currently paused after the preferred shares failed to reach their $100 par value, limiting immediate funding capacity.
Company activity suggests that Bitcoin accumulation decisions are driven less by short-term price movement and more by the availability of capital to expand treasury reserves.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.