Strategy (Michael Saylor), has purchased 13,927 Bitcoin for approximately $1 billion between April 6 and April 12, according to an SEC filing. The acquisition was made at an average price of $71,902 per BTC, marking one of the company’s largest weekly purchases of the year.
Following the latest buy, Strategy’s total Bitcoin holdings have risen to 780,897 BTC, accumulated at an average purchase price of $75,577 per coin for a total cost of roughly $59 billion including fees. At current estimates, the stash is valued at about $55.4 billion, reflecting billions in unrealized losses, while still representing over 3.7% of Bitcoin’s fixed 21 million supply.
The purchases were funded through proceeds from at-the-market issuance of perpetual preferred stock, including STRC, part of Strategy’s broader capital raising framework. The company recently sold more than 10 million STRC shares, generating around $1 billion in proceeds, with tens of billions still available under existing ATM programs. These instruments form part of its wider “42/42” capital plan targeting $84 billion for future Bitcoin acquisitions.
Ahead of the announcement, Saylor teased the move by posting “Think bigger,” signaling another large accumulation. He also reiterated that Strategy’s dividend obligations remain sustainable if Bitcoin outperforms its estimated breakeven growth rate. Despite concerns over valuation compression and declining market-to-net-asset ratios, analysts continue to view digital asset treasury companies as a lasting segment of the market.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.