- Strategy (formerly Microstrategy) has bought at least 75,000 Bitcoins in Q1 of 2026, with estimates going up to 90,000 BTC accumulated in Q1 of 2026.
- The company is on a path to own at least 1 million Bitcoins by 2026, making it the largest Bitcoin Treasury by a huge margin. The next is Twenty One Capital with 43,514 Bitcoins.
- Strategy is the largest Bitcoin Treasury with an asset base of 762,000 Bitcoins as of the end of Q1, 2026.
- Despite the current market crash, Strategy owns $51.46 billion in Bitcoin, with just $8.25 billion in debt and a $2.25 billion cash reserve. There is an additional preference share debt of $10.1 billion.
Strategy Ends Q1 Bitcoin Acquisition with 75,000 Bitcoins
Strategy, formerly MicroStrategy, has acquired at least 75,000 Bitcoins within the first three months of 2026, with reports going up to 90,000 Bitcoins. The accumulation comes as Bitcoin has crashed nearly 45% from its October 2025 high of $126,000.
With Goldman Sachs predicting the current market bottom at $66,000 per Bitcoin, we can only expect positive returns for Strategy’s current accumulation plan, as the price improves.
Our own estimates suggest that the cost per bitcoin for Strategy is around $70,000-$75,000.
Current Details of Strategy’s Bitcoin Reserves
Strategy currently holds a total bitcoin reserve of 762,000 Bitcoins, valued at $51 billion, with a debt of just $8.245 billion and an additional $2.25 billion in cash on hand to acquire the Bitcoins.
Even if you include a $10 billion preferred debt, its total liabilities do not exceed $12.35 billion by any calculation, despite the current crash in Bitcoin prices. This uniquely positions Strategy at a net positive asset base of $36 billion.
The secret of the two strategies’ low Bitcoin cost is their early-stage accumulation. The company has been acquiring Bitcoin since August 2020.
On the Path to Accumulate 1 Million BTC within 2026
Michael Saylor’s Strategy aims to accumulate as many as 1 million bitcoins this year. The company has already accumulated 762,000 bitcoins as of the first quarter of 2026 and is just 238,000 bitcoins away from the goal. When Strategy achieves its goal of acquiring 1 million bitcoins by 2026, it could be the largest bitcoin treasury, with the second-largest being 20 times smaller.
Bitcoin Outlook For 2026
Various reports indicate that the current market for Bitcoin has reached a bottom with no more drawdowns expected below $65,000. The crash is attributed to the US dollar liquidity crisis, and it is expected to be over by the first half of 2026. The United States Federal Reserve is expected to lower interest rates at its June 2026 meeting because the US government needs to refinance at least $7 to $10 trillion in treasury bonds.
We at BFM Times expect a 2% rate cut by 2026, which should be enough to take Bitcoin to a new all-time high. Even in the worst-case scenario with a 1% rate cut, we expect Bitcoin to cross the $100,000 price mark.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
