Strategy Purchases 22,337 Bitcoin for $1.57B as Corporate Crypto Treasuries Expand with Metaplanet Funding $255M BTC Plan and BitMine Adding 60,999 ETH

Major Public Firms Expand Crypto Balance Sheets with Large Bitcoin and Ethereum Acquisitions

TL;DR

• Strategy bought 22,337 BTC for $1.57 billion during the week ending March 15, 2026, bringing holdings to 761,068 BTC acquired at an average $75,696.
• BitMine accumulated 60,999 ETH in one week as part of a treasury strategy that includes 4.5 million ETH holdings and 3.04 million ETH staked generating $174 million annualized revenue.
• Metaplanet secured $255 million to accelerate Bitcoin purchases as its stock rose 6%, while corporate treasury strategies continue expanding across crypto markets.

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Corporate treasury accumulation of digital assets accelerated across several public companies in mid-March as Strategy disclosed a major Bitcoin acquisition, while BitMine Immersion Technologies increased its Ethereum reserves and Japanese firm Metaplanet secured new funding to expand its BTC treasury strategy.

Strategy revealed on March 16, 2026 that it purchased 22,337 BTC for approximately $1.57 billion during the week ending March 15, marking the firm’s largest Bitcoin purchase of the year. The acquisition price averaged $70,194 per coin, a level the company said was below its overall historical cost basis.

Following the purchase, Strategy reported total holdings of 761,068 BTC, accumulated for about $57.61 billion with a portfolio-wide average acquisition price of $75,696 per Bitcoin. Based on COIN360 crypto price data, the treasury was valued near $56 billion around the time of disclosure.

Financing for the purchase came through multiple capital-raising programs tied to the firm’s equity issuance strategy. The company said it sold 11.8 million shares of STRC perpetual preferred stock, generating roughly $1.18 billion in net proceeds, which accounted for about 75% of the funds used in the transaction.

Additional financing came from the sale of 2.8 million shares of Class A common stock, which raised another $396 million to support the acquisition. The transaction ranked among the five largest weekly Bitcoin purchases in the company’s history.

Strategy reported acquiring 88,568 BTC since the start of the year, continuing a long-running accumulation strategy that relies on capital markets financing to expand its balance-sheet holdings. The firm disclosed it still has about $34 billion available across its securities issuance programs for future purchases.

Breakdowns of the available capacity show roughly $20 billion allocated to the STRK preferred stock program, while the common stock issuance plan retains about $6 billion in remaining capacity and other preferred offerings including STRF, STRD, and STRC together account for another $7.6 billion.

Strategy said the recent purchase was executed during a price window that allowed the company to buy below its prior average acquisition price. Bitcoin traded around $73,000–$74,000 during the period based on COIN360 crypto price index readings.

Strategy’s portfolio still carried roughly $3.35 billion in unrealized losses based on the difference between the firm’s overall acquisition price and prevailing market levels. Shares of the company traded about 6% higher in pre-market activity around $145 after the disclosure.

Long-term projections from observers of the firm’s treasury strategy suggest Strategy could eventually aim to accumulate 1 million BTC, which would require purchasing an additional 238,932 coins beyond current holdings. Estimates indicate the company would need to acquire roughly 5,700 BTC per week across the remaining 42 weeks of 2026 to reach that threshold.

Strategy’s position relative to major institutional holders has narrowed sharply as its accumulation pace accelerates against exchange-traded fund balances. Recent tracking data shows the firm is now just 21,102 BTC away from surpassing BlackRock’s Bitcoin holdings, placing it within close range of becoming the largest single holder across both corporate treasuries and ETF structures. The narrowing gap follows a series of aggressive purchases that have compressed the distance over a short timeframe.

Parallel accumulation strategies are also emerging among companies focused on Ethereum. BitMine Immersion Technologies disclosed that it purchased 60,999 ETH over the previous week in transactions valued at more than $140 million when Ether traded around $2,300.

The purchase brought BitMine’s holdings to more than 4.5 million ETH, valued at over $9 billion, making it one of the largest known corporate holders of the cryptocurrency by treasury size and coin market cap share.

Company filings stated the holdings represent roughly 3.76% of Ethereum’s circulating supply. BitMine also confirmed that 3.04 million ETH are currently staked within its infrastructure, accounting for about 67% of the treasury.

The staking operation generates about $174 million in annualized revenue, with projections indicating potential expansion to $259 million annually if the full ETH reserve is deployed into staking operations.

BitMine’s treasury also includes 195 BTC, along with $1.2 billion in cash reserves and strategic investments that include a $200 million stake in Beast Industries and $14 million invested in Eightco Holdings.

BitMine chairman Tom Lee explained the company’s accumulation strategy in a statement accompanying the disclosure, writing, “crypto prices are in the late/final stages of the mini-crypto winter.”

Lee added another comment regarding the pace of purchases, stating, “As the adage goes, nobody rings the bell at the bottom. Therefore BitMine’s strategy is to slightly increase its pace of ETH accumulation.”

The company increased its buying rate from roughly 45,000–50,000 ETH per week to the most recent level exceeding 60,000 ETH.

Corporate treasury accumulation is also expanding in Asia. Metaplanet confirmed it secured $255 million in funding to accelerate its Bitcoin acquisition strategy.

The Japanese firm said its share price climbed 6% after the capital raise announcement as investors responded to the company’s plans to increase its BTC reserves.

Metaplanet has previously outlined targets to accumulate 100,000 BTC by the end of 2026 and potentially reach 210,000 BTC by 2027 as part of a long-term strategy to transform its balance sheet around Bitcoin holdings tied to the broader crypto price index.

A separate development in corporate treasury rankings highlights the rapid ascent of Trump-linked American Bitcoin, which reported holdings of approximately 6,899 BTC on Wednesday, up from about 6,500 BTC roughly two weeks earlier. The company said the increase places it as the 16th largest public Bitcoin holder, surpassing Galaxy Digital in treasury rankings. 

“Proud to announce that as of minutes ago, American Bitcoin has passed Galaxy Digital in BTC holdings,” Eric Trump wrote, adding, “We now stand as the 16th largest Public Bitcoin Company on Earth! No company is climbing the ladder faster.” The company is pursuing a mining-led accumulation strategy, including the purchase of 11,298 ASIC machines, aiming to acquire Bitcoin below spot prices through scaled operations.

Strive, founded by Vivek Ramaswamy, has increased its bitcoin holdings by 317 BTC to 13,627.9 BTC, positioning it among the top 10 public bitcoin treasury holders. Despite this growth, the company reported a net loss of $393.6 million for Q4, largely due to declines in bitcoin’s fair value. Strive has leveraged structured finance, raising $148.4 million and $109.2 million through preferred stock offerings. Operationally, it achieved a “Bitcoin Yield” of 22.2% and reported a current market value of its bitcoin holdings at approximately $944.3 million. The stock has seen a decline of 4.6% in market trading.

DDC Enterprise has acquired 200 bitcoins, increasing its total to 2,383 BTC valued at approximately $165 million. Despite a plan to build a 10,000 BTC treasury by the end of 2025, DDC’s accumulation has been gradual due to volatile market conditions. The latest bitcoin purchase was made at an average price of $79,969, and DDC reported a year-to-date BTC yield of 44.9%. Currently, DDC ranks 32nd among publicly traded corporate bitcoin holders.

According to Bitwise's European Head of Research, institutional demand for Bitcoin has surged, reaching its highest levels since October 2025. Over the past month, institutions acquired more than 81,200 BTC, significantly outpacing the newly issued supply of just over 13,300 BTC. This marks a 6x absorption of new Bitcoin supply, with over 34,400 BTC from exchange-traded products (ETPs) and 46,800 BTC from treasury companies, primarily driven by Strategy’s acquisition of over 46,400 BTC. 

This trend demonstrates a notable reversal from earlier 2026 periods of weaker or negative flows, indicating a tightening of market liquidity and increasing institutional interest.

This article has been refined and enhanced by ChatGPT.