Strategy added 89,602 BTC while the rest of the public company universe was a net seller. Miners offloaded 25,376 BTC to fund AI pivots. Digital Credit grew $2.05B. Here's exactly what happened in Q1.
Quarterly Report
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A data-forward snapshot of corporate Bitcoin activity, miner behavior, and the Digital Credit market — written for executives, treasurers, and allocators.
Asset returns since the Iran War (Feb 27 – Apr 2, 2026). Bitcoin vs. gold, silver, Treasuries, S&P 500, and international equities.
Strategy's 89,602 BTC buy, and the log-scale scatterplot of every public company's Q1 transaction activity. The concentration story is stark.
Why 7 publicly traded miners net-sold 25,376 BTC to fund AI/HPC buildouts — miner-by-miner breakdown with treasury balances and stated use of proceeds.
STRC, STRF, STRK, STRD, and SATA: a $2.05B quarter. Daily market cap and trading volume for every Digital Credit instrument, with STRC dominance expanding.
A tight quarterly briefing built on primary data — charts, tables, and commentary you can act on in minutes.
Critical insights every corporate decision-maker needs to know.
Strategy alone added 89,602 BTC in Q1. Excluding Strategy, the rest of the public company universe was a net seller of roughly 20,100 BTC.
Since the Iran War began Feb 27, Bitcoin (IBIT) returned +2.10% while gold fell 11.23%, silver fell 22.59%, and international stocks fell 7.82%.
Seven publicly traded miners net-sold 25,376 BTC in Q1 — led by MARA (14,561) and Cango (4,215) — to fund AI/HPC infrastructure and deleverage.
Digital Credit market cap grew from $6.69B to $8.74B. STRC alone added $2.08B despite softness in STRK and STRF prices.
A data-first look at corporate Bitcoin, miner behavior, and Digital Credit in Q1 2026 — delivered straight to your inbox.
