Strategy Inc. (NASDAQ:MSTR) reports Q1 2026 earnings today after growing Bitcoin (CRYPTO: BTC) holdings from 555,450 BTC to 818,334 BTC since last year’s Q1 call.
The One-Year Accumulation Spree
Strategy added 262,884 Bitcoin in one year, growing holdings 47% while maintaining its position as the second-largest known Bitcoin holder in the world after Satoshi Nakamoto.
The company now controls roughly 3.9% of Bitcoin’s fixed 21 million supply.
On April 20, Michael Saylor announced Strategy acquired 34,164 BTC for approximately $2.54 billion at an average price of $74,395 per coin, one of its largest single purchases of the year.
Meanwhile, public companies collectively hold 1.15 million BTC as of March 31, representing 5.47% of total supply as per Bitwise.
The institutional stockpile grew by 50,351 BTC in Q1 despite Bitcoin’s spot price declining to $67,805, dragging combined portfolio value down 19% quarter-over-quarter to $77 billion.
Strategy Dominates But Competition Intensifies
Strategy holdings were 762,099 BTC as of March 31, accounting for roughly two-thirds of all corporate-held Bitcoin globally.
Behind it, a cluster of challengers is building meaningful positions: XXI (NYSE:XXI) at 43,514 BTC, MARA Holdings (NASDAQ:MARA) at 38,689, Japan’s Metaplanet (OTC:MTPLF) at 35,102, and Bitcoin Standard Treasury at 30,021.
The gap between Strategy and the next-largest holder remains vast, but the pace of accumulation among challengers suggests rankings below the top spot could shift considerably in coming quarters.
The Technical Breakout
MSTR cleared the critical $182 horizontal resistance that held as a ceiling for months. The symmetrical triangle breakout has fully confirmed.
Supertrend flipped bullish at $151.60 and Parabolic SAR at $156.11 sits comfortably below price, both indicators aligned bullishly for the first time since September 2025.
Next resistance sits at the $192 to $200 psychological zone. Support clusters at $175 to $178, former resistance that now acts as the floor.
A Bitcoin close above $82,088 virtually guarantees MSTR tests $200 and above this week.
Bitcoin currently trades around $81,000, putting it within striking distance of the key technical level.
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