MicroStrategy Hoards 94% of March Bitcoin While MSTR Bleeds for 9 Months

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In the vast and often treacherous waters of corporate Bitcoin, MicroStrategy-no longer just a “strategy” but an almost mythical beast-purchased a staggering 44,377 Bitcoin in March. That’s a cool 94% of all public company BTC acquisitions that month. Meanwhile, the company’s stock has managed to extend its losing streak to an impressive nine consecutive months.

And so, we watch as Michael Saylor’s firm stands alone, its massive Bitcoin haul leaving the rest of the corporate sector in its wake. Public companies bought over 47,000 BTC, but thanks to the sell-offs by nine firms, net additions barely scratched 25,000 BTC.

MicroStrategy’s Buying Spree: An Odyssey of Solitude

Strategy-because it’s too powerful for just one word-funded its Bitcoin binge with $1.18 billion raised through STRC ATM sales and an additional $396 million from MSTR ATM sales. You see, when you’ve got more money than taste, why not use a couple of ATMs to fund your digital treasure hunts?

One particularly noteworthy week saw Strategy snap up 22,305 BTC-an amount that would make any corporate raider feel weak in the knees. It’s one of the largest single-week acquisitions in corporate history, and let’s be honest, there’s something almost poetic about it.

Now, with a total of 762,099 BTC in its vault, acquired at a modest average cost of $75,699 per coin, Strategy’s stack is worth a princely sum of $52.36 billion at current prices of $68,698. Oh, to be so rich in Bitcoin and still have a miserable stock performance!

Meanwhile, the rest of the sector-well, they weren’t quite so eager to join the Bitcoin bandwagon. Excluding Strategy, only 15 other companies mustered the courage to buy a measly 3,000 BTC combined. No doubt, the fear of missing out is a powerful thing, but not everyone can keep up.

JUST IN: Strategy $MSTR accounted for 94% of all 47,000 #Bitcoin bought by public companies in March.

After 9 companies reduced their holdings by 22,000 BTC, net monthly additions shrank to 25,000 BTC.

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– BitcoinTreasuries.NET (@BTCtreasuries) April 1, 2026

According to analysts at BitcoinTreasuries, March was one of the weakest months for corporate Bitcoin buying on record. But don’t worry, the world keeps turning-and so does MicroStrategy’s unrelenting acquisition spree.

Sellers: The Anti-Heroes of the Story

But all heroes have their nemeses. MARA Holdings led the sell-off, trimming its position by 15,133 BTC. Exodus Movement followed with a humble 1,084 BTC sale. The likes of Empery Digital, KindlyMD, Cango, Fold Inc., Cleanspark, and The London Bitcoin Company also couldn’t resist lightening their loads.

And then there’s GameStop. In a move that could only be described as “brilliantly absurd,” the company pledged 4,709 BTC as collateral, reducing its holdings to a pitiful 1 BTC. Ah, to lose it all and still have a sliver left to cling to. BitcoinTreasuries records this as a reduction, a truly poetic end to a once-mighty empire.

Smaller players, ever the opportunists, are rising in the ranks. American Bitcoin added 961 BTC, Strive purchased 496 BTC, and Procap BTC snatched 450 BTC. It’s a classic case of the little guys looking up and thinking, “Hey, why not?”

The Miserable Stock: A Tale of Hope Lost

Now, we come to the most delicious irony of all-MicroStrategy’s stock. Despite its voracious Bitcoin appetite, MSTR stock has managed to post negative returns for nine consecutive months. A true tale of ambition crushed by market indifference.

For 2025, the year-to-date return stands at a dazzling negative 47.53%. And 2026? Well, that’s sitting at a rather grim negative 19.27%. Not quite the fairy tale story we’d hoped for, eh?

The stock has fallen by nearly 60% from its peak in November 2024, where it touched $473.83. Today, it lingers near $124.83-hardly a victory lap after such grand acquisitions.

Years past painted a far more radiant picture. In 2024, MSTR returned a glittering 358.54%, and in 2023, an even more audacious 346.15%. But with Bitcoin in a slump, the stock is facing persistent selling pressure, even as its reserves grow.

And now, as we witness MicroStrategy’s dominance in corporate Bitcoin buying, a question looms: if the rest of the sector continues to shrink away, how long can one company carry the entire institutional demand for Bitcoin? It’s a question for the ages, one with no easy answer-perhaps the only thing harder than holding Bitcoin itself.

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2026-04-01 15:36