#SaylorReleasesBitcoinTrackerUpdate

Every Monday, the market watches one chart more closely than almost any other: Saylor's Bitcoin tracker update.

This week's numbers tell a story of relentless, systematic accumulation — executed through one of the most structurally unusual capital deployment programs in modern corporate finance.

The current state of the position.

Strategy now holds 761,068 BTC — acquired at a total cost of approximately $657.61 billion at an average price of $75,696 per coin. At current spot of $70,762, the position sits below the average acquisition cost. That gap — roughly $4,934 per coin on a 761,068 BTC position — is not a rounding error. It represents meaningful unrealized pressure on a balance sheet that is leveraged to Bitcoin's price in both directions.

And yet the buying has not slowed.

The buying mechanics.

The week ending March 15 saw Strategy add 22,337 BTC at an average price of $70,194 — a $1.57 billion purchase, the largest since January, funded primarily through $1.1 billion in sales of STRC series preferred stock (an 11.5% annual payout instrument). The Bitcoin per Share (BPS) metric rose approximately 3.0% to roughly 202,000 satoshis as of March 15. Year-to-date, Strategy has acquired 88,568 BTC — a 3.4% YTD BTC yield.

The tracker data as of March 23 shows sats per share at 201,695 and the share cost basis at 194,358 satoshis — meaning shares issued in recent capital raises have been accretive to BTC NAV per share, not dilutive. That is the metric Saylor uses to justify continued equity and preferred issuance.

The 1 million BTC target.

Strategy's stated target is 1 million BTC by end-2026. Current holdings stand at 761,068. To reach 1 million BTC in the remaining roughly nine months of 2026, they need to acquire approximately 238,932 more coins — roughly 6,158 BTC per week at the current pace. Capital raising plans have been topped up to $42 billion in available buying power.

What this means at the market level.

Strategy is now the single largest publicly traded holder of Bitcoin by a significant margin, with roughly 3.5% of the total supply locked in a corporate treasury that has made explicit its intent to never sell. That is not just a corporate finance story. It is a supply dynamics story. Every week that Saylor posts a tracker update, he is signaling that a meaningful slice of circulating supply has been permanently removed from the order book.

For traders watching the price of BTC at $70,762 today — the Saylor bid does not go away during geopolitical selloffs, Fed hawkishness, or mining difficulty drops. It shows up the following Monday with a filing.

That is either the most disciplined institutional accumulation in Bitcoin's history, or the largest single-entity concentration risk the network has ever seen. Probably both.

Track BTC in real time and trade at Gate.com.

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