Strategy Buys $204.1M in Bitcoin as Corporate Crypto Treasuries Expand Across Strategy, BitMine, ProCap and American Bitcoin

Large corporate treasury moves add thousands of BTC and millions of ETH as firms deepen digital asset reserve strategies

TL;DR

• Strategy purchased 3,015 BTC for $204.1 million at an average of $67,700 per bitcoin, raising its holdings to 720,737 BTC acquired at $54.8 billion total cost.
• BitMine Immersion Technologies expanded its Ether treasury to 4,473,587 ETH valued near $9 billion after buying 50,928 ETH for $103 million.
• Trump-linked American Bitcoin increased reserves to 6,500 BTC after accumulating more than 500 BTC in 21 days, while ProCap Financial grew holdings to 5,457 BTC.

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Strategy disclosed a fresh bitcoin purchase totaling 3,015 BTC valued at $204.1 million, acquired at an average price of about $67,700 per bitcoin on March 2, 2026, marking the company’s 101st bitcoin acquisition. The purchase pushed the firm’s corporate treasury to 720,737 BTC, accumulated at an aggregate cost of roughly $54.8 billion, according to company disclosures. The company’s holdings represent about 3.43% of bitcoin’s fixed supply cap, a figure that places the publicly traded software firm among the largest institutional holders of the asset as tracked across corporate crypto treasury filings.

Company data lists the average acquisition cost across the entire bitcoin position at roughly $75,985 per BTC. Bitcoin traded near $72,702 at the time the figures were reported, based on COIN360 crypto price index data, leaving the company’s holdings about $3,283 per coin below its average purchase price. That gap translated to an unrealized loss estimated around $2.37 billion across the total treasury stack. Strategy continued purchasing despite the price differential, adding about 4,777 BTC over a three-day period at a combined cost of roughly $325 million, including a single-day purchase of about 1,000 BTC, described as the firm’s largest one-day acquisition since launching an automated buying program in July 2025.

Capital raised through preferred equity has helped finance the company’s accumulation strategy. Strategy increased the dividend on its STRC preferred shares to 11.5%, representing the seventh increase in the payout, while continuing to channel proceeds toward additional bitcoin purchases. The firm has frequently relied on preferred stock issuance to secure funding for treasury acquisitions while maintaining exposure to movements in the bitcoin crypto price and the broader coin market cap landscape tied to digital assets.

Another publicly traded company pursuing a digital asset treasury strategy reported significant activity in Ethereum. BitMine Immersion Technologies said it purchased 50,928 ETH valued at approximately $103 million, raising its corporate Ether holdings to 4,473,587 ETH. The total position carried an estimated valuation of about $9 billion at prevailing market prices, according to figures published alongside the company’s treasury disclosure.

Corporate participation in bitcoin accumulation has also expanded among mid-tier treasury adopters. ProCap Financial disclosed a purchase of 450 BTC, lifting the firm’s reserves to approximately 5,457 BTC. The company simultaneously repurchased 782,408 shares of its own stock, according to filings detailing the capital allocation move.

American Bitcoin, a mining firm associated with the Trump family, reported that its corporate treasury reached roughly 6,500 BTC following additional accumulation. Eric Trump, the company’s co-founder and chief strategy officer, announced on March 5, 2026, via the social media platform X that the company had acquired more than 500 BTC over the previous 21 days. Treasury tracking data placed the company around 17th among publicly traded firms holding bitcoin.

American Bitcoin operates under the ticker AABTC and reported a market capitalization of roughly $1.4 billion at the time of the announcement. Shares of the company rose following the disclosure of the increased bitcoin holdings. The firm’s accumulation strategy is linked to its mining operations, allowing it to obtain bitcoin both through market purchases and internally generated production.

Mining expansion formed part of the company’s latest operational update. American Bitcoin acquired 11,298 additional ASIC mining machines, increasing its computational capacity by 3.05 exahashes per second. The machines expanded the company’s mining fleet as it continues building a bitcoin treasury sourced partly from self-mined coins.

Corporate treasury disclosures from multiple firms arrived during a period of heightened institutional activity around digital assets, as companies across the sector continue to convert capital raised from equity markets into holdings tied to the crypto price index, bitcoin reserves and other digital asset positions tracked across the global coin market cap.

This article has been refined and enhanced by ChatGPT.