Bitcoin Bonanza: Strategy’s March Madness Leaves Rivals in the Dust!

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My dear financial aficionados, gather ’round! According to the ever-so-serious report from bitcointreasuries.net, Strategy, that darling of the digital realm, has gone on a veritable shopping spree, snapping up 44,377 bitcoins in March 2026. Quite the haul, wouldn’t you say? And all while their STRC digital credit product was setting records faster than a Coward play sells out in the West End.

Key Takeaways, if you must:

  • Strategy, the darling of the crypto ball, acquired 44,377 BTC in March, bringing their hoard to a staggering 762,099 BTC. Two-thirds of all public company holdings? Darling, they’re practically hoarding the stuff.
  • MARA Holdings, in a fit of fiscal prudence, sold 15,133 BTC to retire debt. How très mundane. Meanwhile, Twenty One Capital sashayed into the No. 2 spot with nary a hair out of place.
  • Strategy’s $42B ATM filing could see them sashay past 1 million BTC by November 2026. At 31,000 BTC per month, they’re practically waltzing to the bank.

The Bitcointreasuries.net Report: A Reshuffling of the Crypto Elite

The report reveals that Strategy spent a cool $3 billion on bitcoin in March, including a single-week purchase of 22,337 BTC. Funded, of course, by $1.57 billion raised through STRC and MSTR at-the-market sales. Darling, they’re practically printing money-or rather, bitcoins.

The researchers at bitcointreasuries.net note that STRC, Strategy’s variable-rate perpetual preferred share product (quite the mouthful, isn’t it?), recorded its highest single-day trading volume on March 12 at $746 million. March 31 produced the second-largest daily volume on record at $522 million. Weekly volume reached $2.27 billion for the week of March 9 to 13. Quite the spectacle, wouldn’t you agree?

Data compiled by these industrious analysts shows that Strategy ended March holding 762,099 BTC, which represents roughly two-thirds of all bitcoin held by publicly traded companies. Total public company holdings reached 1.16 million BTC at month-end, part of approximately 4 million BTC tracked across all institutional entities. Quite the monopoly, if you ask me.

The researchers further detail that Strategy filed to raise an additional $42 billion through a new ATM program-split evenly between STRC and MSTR common stock, plus $2.1 billion in STRK. Bitcointreasuries.net projects that if Strategy issues that full amount over 19 months at roughly 31,000 BTC per month, they could cross 1 million BTC in holdings by November 2026. Darling, they’re practically unstoppable.

A more conservative estimate, based on Strategy’s average monthly purchases of 21,000 BTC from January 2025 through March 2026, points to the company reaching that milestone around March 2027. The researchers add, with a touch of dryness, that Strategy has not publicly set a 1 million BTC target or any specific acquisition deadline. How very understated of them.

The leaderboard beyond Strategy shifted considerably, according to bitcointreasuries.net. MARA Holdings sold 15,133 BTC, worth approximately $1.1 billion, to repurchase convertible senior notes. How dreadfully practical. That sale dropped MARA below Twenty One Capital, which now holds 43,514 BTC and ranks second among public bitcoin treasury companies. Metaplanet added 5,075 BTC in early April, bringing its holdings to 40,177 BTC and placing it third, ahead of MARA. Quite the climb, wouldn’t you say?

The report also notes that Gamestop pledged 4,709 BTC as collateral in a covered call arrangement with Coinbase Credit, leaving the company with just 1 BTC in direct holdings. The company fell from its previous position at No. 21 on the leaderboard to near No. 190. How utterly humiliating.

Excluding Strategy from the dataset, bitcointreasuries.net researchers highlight that corporate bitcoin buying declined sharply. Purchases by non-Strategy companies have fallen since October 2025, and March saw a net sale of 22,510 BTC among that group. Only 16 companies added bitcoin on a net basis in March, down from a peak of 60 in September 2025. How dreadfully unambitious.

The study further identifies five companies buying STRC or disclosing plans to do so. Strive allocated $50 million, over one-third of its corporate treasury, to STRC, while decentralized finance ( defi) stablecoin project Apyx held 450,000 STRC shares by April 6, valued at approximately $45 million. Prevalon Energy, Anchorage Digital, and OranjeBTC also disclosed STRC allocations without specifying amounts. How very cryptic of them.

According to bitcointreasuries.net analysts, mutual funds and exchange-traded funds (ETFs) collectively hold more than $2 billion in digital credit instruments, based on Yahoo Finance data. STRC is the most widely held of those instruments at $591 million, with Capital Group, Blackrock, Fidelity, and Vaneck among the institutional holders. Quite the who’s who, wouldn’t you say?

The researchers also point to new financial products built around STRC emerging in March. 21shares launched a STRC exchange-traded product listed on Euronext Amsterdam and Euronext Paris, while Arch Lending began promoting a carry trade allowing bitcoin holders to borrow at 8.49% APR and invest proceeds in STRC at the current 11.5% yield. Decentralized finance (DeFi) projects Apyx and Saturn are also building stablecoins backed by STRC dividends. How very innovative.

Finally, the bitcointreasuries.net reporting shows American Bitcoin acquired 961 BTC across three purchases in March, the second-largest monthly total among all non-Strategy companies, overtaking Galaxy Digital to reach No. 16 on the leaderboard with approximately 6,899 BTC. Quite the ascent, wouldn’t you agree?

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2026-04-08 22:59