Michael Saylor said on March 22, 2026 that Strategy’s “Orange March” is still in motion, sharing a chart on X that showed the company now holds 761,068 BTC. The update came after a stretch of heavy buying in which the firm purchased more than 22,000 Bitcoin in a single week, keeping its accumulation campaign at a rapid pace.
Holdings valued at about $52.36 billion
As of March 23, 2026, Bitcoin was trading at $68,649.15, down 7.03% over the previous seven days. Even with that weekly decline, 24-hour trading volume stood at $27.64 billion, up 4.42%, while Bitcoin’s total market capitalization was listed at $1.37 trillion. At that market price, Strategy’s BTC holdings were worth roughly $52.36 billion.
The firm is still underwater on paper. The source states that Strategy’s average purchase price is $75,696 per BTC, above the current market level, leaving the position with an estimated 9% unrealized loss. Even so, the company’s approach has not shifted. The stated focus remains long-term holding rather than reacting to short-term price swings.
Cash, debt, and new fundraising are part of the playbook
According to the source material, Strategy is using a mix of internal capital and borrowed funds to keep adding BTC. The company has about $2.25 billion in cash and roughly $8.25 billion in debt. It also introduced a fundraising instrument described as perpetual preferred shares, trading under the ticker STRC, to support continued purchases.
Several company metrics were highlighted alongside the Bitcoin strategy. MSTR was trading at $135.66 per share, with the firm valued at around $46.8 billion. Because of its large BTC position, the stock often shows annual price swings of about 74%. The article also said debt is kept near 11%, a level the company views as manageable.
Current holdings equal about 3.6% of total Bitcoin supply
The article says Strategy now owns about 3.6% of all BTC that will ever exist. It also cites views that, if buying continues at the same pace, the company could reach 5% of the total Bitcoin supply by the end of 2026. Another projection in the source suggests the reserve value could climb to $100 billion within two years if the “Orange March” keeps going.
The source also included a risk warning, noting that companies with heavy crypto exposure can face sharp price swings and potential losses. The material was presented as informational content rather than investment advice.