Strategy (MSTR) is nearing its second-largest quarterly bitcoin buying streak, continuing to expand its holdings even as BTC prices remain under pressure.
The company has accumulated 89,618 BTC so far in the first quarter, marking its strongest pace since Q4 2024—with additional room for growth before the quarter ends. This brings Strategy’s total bitcoin holdings to 761,068 BTC, reinforcing its status as the world’s largest corporate holder of the asset.
With two more Mondays left in the quarter—days when the firm typically discloses new purchases—further additions remain likely.
The only period that exceeds the current pace is the fourth quarter of 2024, when Strategy acquired 194,180 BTC. Much of that buying was concentrated in November, during which the company made three of its five largest purchases—27,200 BTC, 51,780 BTC, and 55,500 BTC—as bitcoin surged from $70,000 to $100,000 following Donald Trump’s election victory.
In contrast, the current quarter has unfolded against a weaker price backdrop. Bitcoin has fallen roughly 20% over the past three months and is now trading more than 40% below its October high of $126,000. Strategy’s shares have also declined, slipping about 15% over the same period.
Recent purchases have been partially funded through the company’s perpetual preferred stock offering, Stretch (STRC), which supported the acquisition of up to 15,000 BTC over the past two weeks. However, with STRC trading below its $100 par value, the firm is currently unable to utilize this funding avenue.
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