Company Buys $6 Billion in Bitcoin Despite 20% Price Drop

A major company called Strategy (MSTR) is buying massive amounts of Bitcoin even though the price has dropped 20% this year.

What's happening: • Strategy has bought 89,618 Bitcoin this quarter (worth about $6.3 billion at current prices) • They now own 761,068 Bitcoin total - more than any other company in the world • This is their second-biggest buying quarter ever • Bitcoin's price has fallen from $126,000 to around $70,000

Why this matters: Most investors run away when prices drop, but Strategy is doing the opposite. They're buying Bitcoin no matter what the price does. The company treats Bitcoin like a savings account (called a "treasury" in finance terms) instead of regular cash.

How they're paying for it: Strategy raises money by selling special shares (stocks that give investors partial ownership) and bonds (loans from investors). They recently created a new type of share called "Stretch" (STRC) to fund even more Bitcoin purchases.

The big picture: Only once before has Strategy bought more Bitcoin in a quarter - that was in late 2024 when they purchased 194,180 Bitcoin as prices soared after Donald Trump's election victory. With two more Mondays left this quarter (companies often announce purchases on Mondays), they might buy even more.

This aggressive buying strategy shows that some big companies still believe in Bitcoin's long-term value, even when short-term prices disappoint.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/03/21/strategy-set-for-second-biggest-bitcoin-buying-quarter-despite-btc-price-slide