Strategy reports $1.2B BTC gain after buying 22,337 Bitcoin, raising holdings to 761,068 BTC with a 2.3% weekly yield.
A large Bitcoin purchase pushed Strategy’s reported BTC gain to $1.2 billion in one week.
The company added 22,337 Bitcoin between March 9 and March 15. Executive Chairman Michael Saylor said this gain reflects performance under a Bitcoin-based framework.
The update comes as Strategy continues to expand its Bitcoin holdings. The firm now holds 761,068 BTC, which equals more than 3.5% of total supply.
The announcement also reflects how the company tracks results using Bitcoin-focused metrics instead of standard accounting.
BTC Gain as a Core Performance Measure
Strategy uses BTC Gain as a key internal metric. It measures changes in Bitcoin holdings over a period.
The company treats it as a proxy for economic performance. Saylor stated that this approach aligns with a Bitcoin-based treasury strategy.
He said dollar-based accounting does not fully reflect business results.
Strategy generated ₿16,622 of BTC Gain last week, worth ~$1.2 billion. BTC Gain is the closest analog to Net Income on the Bitcoin Standard. $MSTR pic.twitter.com/a9QXalHeG2
— Michael Saylor (@saylor) March 17, 2026
The company reported a BTC Gain of 16,622 BTC for the week. This equals about $1.2 billion at current prices.
The firm also tracks BTC Yield, which measures growth relative to diluted shares. For the same week, BTC Yield reached 2.3%.
Year-to-date, the yield stands at 3.4%. Total BTC Gain for the year has reached 23,134 BTC.
Strategy reported a large GAAP net loss in late 2025 due to price declines.
However, Saylor maintains that Bitcoin per share is the main focus. He said the goal is to increase Bitcoin exposure for shareholders over time.
Large Purchase Funded by Equity and Preferred Shares
The latest Bitcoin purchase cost about $1.57 billion. Strategy funded it through a mix of capital sources.
These included $1.2 billion from perpetual preferred shares and $400 million from stock sales.
The preferred shares carry an annual dividend of 11.25%. This adds ongoing financial obligations for the company.
The purchase marked the 12th straight week of Bitcoin accumulation in 2026. Over the first two weeks of March, Strategy acquired 40,332 BTC.
During that time, it reported 21,806 BTC in gains. These gains were valued near $1.6 billion, depending on market prices.
The company’s structure includes both debt and preferred equity. Total debt stands at about $8.25 billion, while preferred equity is near $10 billion.
These figures show how purchases rely on leveraged financing.
Related Reading: Michael Saylor Signals Another Massive Bitcoin Buy as STRC Liquidity Surges
Market Exposure and Volatility Risks
Strategy’s Bitcoin holdings are valued at about $56 billion at current prices. The company also holds around $2.25 billion in cash.
This provides some liquidity alongside its Bitcoin strategy. However, its financial profile remains closely tied to Bitcoin price movements.
Gains can rise quickly during price increases. They can also reverse when prices fall.
Bitcoin currently trades below the company’s average purchase price. The firm’s stock reflects this volatility.
It has declined about 69% from its peak in 2025. Over the past year, returns are also negative despite earlier gains.
Market data shows high volatility for MSTR shares. Implied volatility is near 76%, while recent historical volatility is around 72%.
These figures indicate large price swings. Strategy’s valuation also shows a premium when using enterprise value.
The ratio suggests the market prices in leveraged Bitcoin exposure. As a result, the stock often moves more than Bitcoin itself.
