Morning Minute: Strategy's $1.58B Buy Pushes BTC to $75k
Strategy made its largest Bitcoin purchase of 2026 so far, acquiring 22,337 BTC for $1.57 billion at an average price of $70,194 per coin, mostly funded through STRC preferred shares. As of March 15, Strategy’s total BTC holdings reached 761,068, with an average cost basis of $75,696 per Bitcoin. Bitcoin’s price rallied above $75,500 before retreating to $73,900. BitMine continued accumulating Ethereum, adding 60,999 ETH (worth $138 million), bringing its total to 4.596 million ETH, about 4% of supply. ETH hit $2,360 before settling at $2,330. Vitalik Buterin emphasized simplifying Ethereum node operation, praising Nimbus’ unified client approach to lower technical barriers for users. Circle’s stock approximately doubled in a month due to stablecoin growth, macroeconomic factors, and investor interest, supported by USDC’s $2.2 trillion in adjusted YTD volume surpassing USDT for the first time since 2019. Kalshi launched a $1 billion March Madness perfect bracket challenge, with a $1 million guaranteed prize for the top bracket if perfection isn’t achieved. OpenSea postponed its SEA token launch due to challenging market conditions, cutting trading fees to 0% for 60 days starting March 31.
