STRC Shatters All Records With Estimated 4,000+ BTC Single-Day Purchase

Hello and welcome to the Bitcoin Balance Sheet, the twice-weekly email from Bitcoin Treasuries, where we track the latest in corporate Bitcoin buying.

Each Friday, you'll receive a quick recap of this week's top news and insights from our podcast.

Our STRC BTC Accumulation Tracker Is Live

BitcoinTreasuries.net, the leading data and media platform for corporate digital asset balance sheets, today announced the launch of the BitcoinTreasuries.net STRC BTC Accumulation Tracker, a new analytics tool that estimates Strategy’s ongoing bitcoin purchases funded by its STRC preferred stock program.

Designed for institutional investors, treasury teams, and journalists, the STRC BTC Accumulation Tracker aims to be the market’s most authoritative third‑party benchmark for this activity, backed by a fully published and repeatable methodology.

You can now track STRC estimates live at BitcoinTreasuries.net

This Week's Top Corporate Bitcoin Moves

• STRC shatters records with estimated 4,000+ BTC single-day purchase: On March 12, 2026, Strategy's preferred equity saw ~7.3M shares traded, generating ~$283M net proceeds to fund an estimated 4,038 BTC buy—far exceeding daily mining output and marking a new high in STRC-driven accumulation. This extends a streak of high-volume days absorbing significant supply amid bear consolidation. It underscores how digital credit is evolving into a powerful, efficient engine for treasury scaling.

• Adam Back projects public company buying could hit 10x daily supply: Blockstream CEO Adam Back highlighted that firms like Strategy—recently acquiring ~3,600 BTC per trading day via ATM mechanisms including STRC—could soon collectively absorb up to 10x Bitcoin's daily issuance. With STRC funding ~30% of a prior 17,994 BTC purchase, this amplifies post-halving scarcity dynamics. It signals treasuries increasingly dominating flows and exerting sustained bullish pressure.

• Institutions now hold $2.1B in Bitcoin digital credit: Mutual funds, ETFs, and other institutions own $2.1B across products like STRC and related instruments (with $471M in STRK noted separately), reflecting strong demand for yield-bearing Bitcoin exposure. This growth supports treasury ecosystem depth, offering premiums over Treasuries and absorbing capital even in volatile conditions. It bridges traditional finance to Bitcoin while enabling predictable payouts.

Strategy’s treasury flywheel

Strive raised SATA dividend to 12.75%, tightened target to $99–101, added $50M STRC for de-risking, and bought 179 more BTC (total 13,311). Yves calls it a sharp move: cash rotated into lower-risk Bitcoin-backed yield. Strategy hit $409M STRC volume record on March 10 (Strive big buyer), held par through US-Iran tension, then added 18,000 BTC (~$1.3B at $70k avg, 30% STRC-funded) → 738,731 BTC total.

Yield plays are drawing big institutional money in a bear market; OGs get bi-weekly tax-advantaged payouts via STRC-SATA splits. The 20M BTC mined milestone sharpens scarcity (~1M left over 114 years), and Bitcoin stands out as the portable escape asset over stablecoins (Dubai/Iran). IRS wallet disclosure rules are creating compliance headaches.

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XCE. An executive recruitment group that combines a profitable recruitment business with a Bitcoin treasury strategy. The company turns over a decade of executive recruitment experience and four years of Bitcoin accumulation into a public Bitcoin‑powered growth engine, using a proven operating business to drive Bitcoin treasury accumulation.

IBIT's options takeover & vol blowup

Gordon, from Bitwise, highlights IBIT overtaking Deribit in open interest and volume, leading North American price discovery. This marks a shift from Deribit's light-regulation days to the regulated infrastructure institutions now demand (with Coinbase's acquisition in play). In-kind BTC-to-ETF transfers could be tax-neutral, tightening volatility spreads across venues for better fungibility.

Vol has dropped secularly from 80% in 2021 toward ~30% norms, showing maturation despite Q4 spikes. October 10th brought a $126K ATH with flat/declining implied vol, followed by a 20K one-day drop tied to leveraged unwinds (silver/HPC blowups, likely APAC funds). BTC now delivers native collateral and interoperability unlike gold's earlier chaos; treasuries de-risk via options for uncorrelated returns in this maturing asset.

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Special thanks to our partners:

• AnchorWatch. AnchorWatch makes Bitcoin ownership safer and easier by combining advanced custody expertise with industry-grade insurance. As a Lloyd’s of London Coverholder, it writes specialized policies that address digital-asset risks, giving clients trusted coverage and peace of mind. Learn more: AnchorWatch

• Arch Lending. Get instant, secure loans backed by your Bitcoin, Ethereum, or Solana—no need to sell your assets. Arch Lending offers fast approvals and trusted custody for both individuals and institutions. Learn more: Arch Lending

• Cadena Bitcoin. A p2p bitcoin lending marketplace with a unique emphasis on working with treasury firms and businesses, as well as the savvy bitcoin-native investors who visit our website. Learn more: Cadena Bitcoin

• Coinkite. Coinkite is a leader in security and hardware manufacturing and the maker of some of the most iconic Bitcoin products, such as OPENDIME, COLDCARD, BLOCKCLOCK, SATSCARD, TAPSIGNER and SATSCHIP. Learn more: Coinkite

• Cryptio. Cryptio is an enterprise-grade accounting software platform built specifically for digital assets and cryptocurrencies. It enables businesses to transform blockchain transaction data from multiple exchanges and custodians into auditable financial records, supporting compliance with GAAP and IFRS standards. Learn more: Cryptio

• The Hemisphere Foundation. Hemisphere develops open-source solutions designed to help treasury teams securely manage, deploy, and optimize their BTC holdings, with benefits of self-custody and Bitcoin native deployment. Learn more: The Hemisphere Foundation

• Orange Wheel Advisors. Orange Wheel Advisors is a strategic consulting firm that helps companies navigate Bitcoin’s impact on corporate finance and competitive strategy. With expertise spanning treasury management, payments, capital structure, mining, and investor communications, they provide executive education, tailored strategies, and execution support to guide businesses through the global monetary transition. Learn more: Orange Wheel Advisors

• o21 Solutions. o21 develops and implements Bitcoin-powered corporate strategy, transforming value chains with strategic expertise and tailored advisory services, with a focus on both Treasury and Operations - balance sheet accumulation, mining, and payments. Reduce cycle time through the corporate Bitcoin adoption journey through our pre-packaged or tailored engagements. Learn more: o21 Solutions

• Psalion. Psalion is a Bitcoin and digital-asset yield manager that offers institutional‑style investment strategies to professional investors, family offices, corporates, and private clients via separately managed accounts and yield funds. Learn more: Psalion

• Secure Digital Markets (SDM) provides unparalleled liquidity, execution speed, and bespoke customer service, making it the top choice for institutional investors seeking reliable digital asset trading solutions. With deep expertise in capital markets and strict regulatory standards, SDM stands out as the premier platform for all digital asset treasury teams looking to optimize their trading and treasury operations. Learn more: Secure Digital Markets (SDM)

• Stacking Sats Inc. Official IT partner at BitcoinTreasuries, Stacking Sats Inc via its subsidiary, Framework IT, is a managed IT services firm with a 17-year track record of providing best-in-class IT support, strategy, and cybersecurity, boasting high recurring revenue and long-term client contracts. It’s also one of the top 20 holders of Bitcoin among global private companies. Learn more: Stacking Sats Inc

• XCE. An executive recruitment group that combines a profitable recruitment business with a Bitcoin treasury strategy. The company turns over a decade of executive recruitment experience and four years of Bitcoin accumulation into a public Bitcoin‑powered growth engine, using a proven operating business to drive Bitcoin treasury accumulation. Learn more: XCE

• Zaprite. Zaprite is a non-custodial payment platform that allows individuals and businesses to seamlessly accept both bitcoin (on-chain and lightning) and fiat payments in a unified, customizable checkout experience. Users can easily issue invoices, generate payment links, and connect multiple wallets or custodial accounts, all while handling their own funds directly. Learn more: Zaprite