Strategy Snatches 94% of Corporate Bitcoin While MSTR Traders Contemplate Their Life Choices

In March, Strategy—yes, the company that legally changed its name to just be Bitcoin's wingman—bought 44,377 Bitcoin, which works out to roughly 94% of every public company's BTC purchases that month. The remaining corporate America's reaction to this buying opportunity? "Hmm, perhaps we'll circle back to that Bitcoin thing. We're very busy. With... things."

The funding came via $1.18 billion in STRB ATM offerings and $396 million from MSTR ATM sales—because nothing says "we really mean it" like running multiple at-the-market offerings simultaneously. A single week saw 22,305 BTC absorbed, reinforcing Strategy's status as the most aggressively committed Bitcoin accumulator since Satoshi decided to pull the ultimate exit liquidity move on the entire community.

Strategy's current Bitcoin fortress stands at 762,099 BTC, purchased at an average price of $75,699 per coin. That's roughly $52.36 billion in digital rock at today's prices of $68,698—because nothing says "diversified portfolio" like having more Bitcoin than most countries' reserves.

Meanwhile, nine companies apparently looked at the charts, saw MSTR's stock chart, and decided the responsible move was to become former Bitcoin holders. MARA Holdings led the selling spree with 15,133 BTC dumped. Exodus Movement parted ways with 1,084 BTC, while Empery Digital, KindlyMD, Cango, Fold Inc., Cleanspark, and The London Bitcoin Company also joined the "no thanks, we'll pass" club. GameStop pledged 4,709 BTC as collateral, reducing its position to an emphatic 1 BTC and reclassifying $368.3 million as "digital assets receivable"—which sounds like accounting for your gaming addiction funds.

If you remove Strategy from the equation, only about 15 companies bothered adding Bitcoin in March, combining for a grand total of 3,000 BTC—one of the most depressing months for corporate crypto conviction on record. Corporate America's relationship with Bitcoin: it's complicated