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West Main Self Storage has acquired 15,569,191 satoshis for approximately $10,000 at an acquisition price of $63,852.71 per bitcoin. With this purchase, the treasury crosses 16 bitcoin — a milestone the company signaled it was pursuing in last week’s release, delivered one week later.
As of July 27, 2026, West Main holds 1,603,393,102 satoshis (~16.03 BTC) acquired across 53 weekly DCA purchases, one $800,000 lump-sum acquisition, and one tax-loss harvest recapture, for an aggregate capital deployment of approximately $1,330,000. That works out to an average acquisition cost of approximately $82,949 per bitcoin; after June’s tax-loss harvest, the adjusted tax cost basis stands at approximately $66,657 per bitcoin. Every square foot of the facility is now backed by 23,097 satoshis.
On July 29, 2025, West Main Self Storage made its first bitcoin purchase: 8,405,817 satoshis at approximately $118,033 per bitcoin. The plan was simple and, to many observers, unremarkable — $10,000 every week, into cold storage, regardless of price. Fifty-three weeks later, the results of that plan are anything but unremarkable:
Accumulation. The treasury grew from 8.4 million satoshis to over 1.6 billion satoshis (~16.03 BTC). Weekly DCA contributed $530,000 of the roughly $1.33 million deployed; a $1.6 million capital raise in May funded an $800,000 lump-sum bitcoin acquisition alongside 8,000 shares of Strategy Preferred (STRC), whose monthly distributions now help service the company’s capital structure.
Discipline through volatility. The program bought through a market that fell from over $118,000 to below $59,000 — a drawdown that ended more than one corporate treasury experiment. West Main never skipped a week. Because the heaviest buying occurred at lower prices, mechanical averaging pulled the company’s average acquisition cost down to approximately $82,949 per bitcoin — 29.7% below the price of its first fill — before any tax strategy is considered.
Active treasury management. In June, the company executed a tax-loss harvest, disposing of 11 BTC via HIFO accounting and repurchasing the same day — realizing approximately $261,000 in deductible capital losses and actually adding 5,248 satoshis to the stack in the process. The harvest lowered the company’s adjusted tax cost basis from the ~$82,949 average acquisition cost to approximately $66,657 per bitcoin — turning a paper drawdown into a durable tax asset without reducing bitcoin exposure.
Real estate, bitcoin-backed. Sats per square foot — the company’s signature metric — grew from 121 after week one to 23,097 today, a 190x increase in twelve months. Alongside it, the facility’s rooftop solar array kept generating energy income and the storage business kept paying the bills, letting every treasury dollar stay deployed.
They called us a bitcoin treasury company for ants, and we wore it proudly — grain by grain, the colony carried more than its weight. But a year in, a better metaphor may be the beehive. Bees don’t just gather; they convert steady, unglamorous work into stored value — honey in the comb, sealed and kept for the seasons ahead. Week after week, the West Main hive converted storage rents, solar production, and digital credit distributions into satoshis in cold storage.
Year one was about proving the process: fifty-three consecutive weekly purchases, zero missed weeks, an average acquisition cost 29.7% below our first fill (43.5% below on a post-harvest tax basis), and a treasury past 16 BTC. Year two, as promised last week, is about scaling it. The frames are full. The hive keeps humming.
West Main Self Storage is a privately held self-storage facility located at 825 West Main Road, Middletown, Rhode Island. The company operates a Bitcoin treasury strategy alongside its core real estate operations, acquiring bitcoin weekly through a disciplined dollar-cost averaging approach and supplementing with periodic lump-sum allocations. West Main also holds Strategy Preferred Securities (STRC) as part of its digital credit strategy and produces solar energy income from its rooftop array.
For more information, visit westmain.storage/dashboard or contact kenny@westmainselfstorage.com.