beincrypto.com
MicroStrategy (now Strategy) purchased 44,377 Bitcoin in March, representing 94% of all public-company $BTC acquisitions that month. However, its stock extended a losing streak to nine consecutive months.
The data highlights a widening gap between Michael Saylor’s firm and the rest of the corporate Bitcoin sector. Total public company purchases exceeded 47,000 $BTC, but sell-offs by nine firms reduced net additions to roughly 25,000 $BTC.
MicroStrategy’s Buying Stands Alone
Strategy funded its March purchases through $1.18 billion in proceeds from STRC ATM sales and $396 million from MSTR ATM sales.
One weekly purchase alone totaled 22,305 $BTC, marking one of the largest single-week acquisitions in corporate history.
The firm now holds 762,099 $BTC acquired at an average cost of $75,699 per coin. That stack is worth roughly $52.36 billion at current prices of $68,698.
However, the rest of the sector showed little appetite. Excluding Strategy, only about 15 companies added a combined 3,000 $BTC during March.
JUST IN: Strategy $MSTR accounted for 94% of all 47,000 #Bitcoin bought by public companies in March.
— BitcoinTreasuries.NET (@BTCtreasuries) April 1, 2026
After 9 companies reduced their holdings by 22,000 $BTC, net monthly additions shrank to 25,000 $BTC.
Read more: https://t.co/IuZZxINfYi pic.twitter.com/E9zggk5Mxn
According to analysts at BitcoinTreasuries, March was one of the weakest months for corporate buying on record.
Sellers Reshape the Leaderboard
MARA Holdings led the sell-off, reducing its position by 15,133 $BTC. Exodus Movement sold 1,084 $BTC, while Empery Digital, KindlyMD, Cango, Fold Inc., Cleanspark, and The London Bitcoin Company also trimmed holdings.
GameStop pledged 4,709 $BTC as collateral, which BitcoinTreasuries currently records as a reduction. That move cut GameStop’s holdings to just 1 $BTC and reclassified $368.3 million as digital assets receivable.
Meanwhile, smaller buyers moved up the rankings. American Bitcoin added 961 $BTC, Strive purchased 496 $BTC, and Procap $BTC acquired 450 $BTC.
MSTR Stock Performance Tells a Different Story
Despite aggressive accumulation, MSTR stock has posted negative returns for nine straight months.
The 2025 year-to-date return stands at negative 47.53%, and the 2026 figure sits around negative 19.27%, according to monthly performance data.
The stock has fallen roughly 60% from its November 2024 all-time high of $473.83. It traded near $124.83 as of this writing.
Earlier years painted a dramatically different picture. MSTR returned 358.54% in 2024 and 346.15% in 2023, periods when Bitcoin rallied sharply.
The current downturn reflects a weaker $BTC environment and persistent selling pressure on the stock despite the company’s growing Bitcoin reserves.
Strategy’s dominance in corporate Bitcoin buying now raises a fundamental question. If the rest of the sector continues to retreat, how sustainable is a model where one company accounts for nearly all new institutional demand?
Follow us on X to get the latest news as it happens