Strategy logs $1.2B weekly bitcoin gain after 22,337 BTC purchase funded by $1.18B preferred-stock raise

Strategy said it recorded a $1.2 billion bitcoin gain for the week ending March 15, a figure Michael Saylor shared in the company’s weekly update and reported by industry outlets ^{[1] [2]}.

Last week Strategy purchased 22,337 BTC — its fifth-largest acquisition on record — funded largely by a $1.18 billion issuance of STRC perpetual preferred stock; the company also raised about $396 million through its common stock program, bringing total reported holdings to 761,068 BTC ^[3].

The $1.18 billion preferred-stock raise, which carries an approximately 11.5% dividend and adds roughly $135 million in annual dividend obligations, has been interpreted as a shift in Strategy’s funding model away from relying solely on common-stock issuances, and Coindesk noted dividend obligations have climbed above $1 billion; the latest buy was also linked to upward pressure on bitcoin prices and narrowed the gap with BlackRock’s IBIT holdings ^{[4] [3] [5] [6]}.

Strategy’s recent combination of large bitcoin purchases and new preferred-stock funding materially increased its bitcoin exposure and altered its capital structure, continuing a rapid accumulation trend that industry coverage says is reshaping its market position ^{[3] [4]}.