Strategy, the largest publicly listed holder of Bitcoin, expanded its holdings again last week, moving closer to the 800,000 BTC milestone.
Between April 6 and 12, the company acquired 13,927 Bitcoin (BTC) for approximately $1 billion, according to a filing with the US Securities and Exchange Commission. The purchases were executed at an average price of $71,902 per coin, remaining below the firm’s overall average acquisition cost of $75,577.
Following the latest addition, Strategy now holds 780,897 BTC, accumulated at a total cost of about $59.02 billion. The company needs just over 19,000 BTC more to reach 800,000, having already added more than 107,000 BTC since the beginning of the year.
The recent acquisition was financed through proceeds from the company’s perpetual preferred equity instrument, Stretch (STRC). According to the filing, Strategy issued 10 million STRC shares during the week, generating roughly $1 billion in proceeds.
No shares were sold from other instruments, including STRF, STRK, STRD or its common stock (MSTR). Data from STRC.live indicates that last week marked the second-largest issuance of STRC on record, significantly exceeding the recent average following changes to the company’s sales framework in early March.
Michael Saylor hinted at the purchase ahead of time, sharing a chart on social media that outlined Strategy’s history of Bitcoin acquisitions, a pattern often preceding new buys.
The continued accumulation comes despite Strategy reporting substantial unrealized losses of $14.46 billion on its digital asset holdings for the first quarter of 2026. At the same time, broader institutional demand has remained supportive. Spot Bitcoin exchange-traded funds recorded inflows of approximately $786 million over the same period, contributing to market strength.
Crypto markets initially moved higher following news of a ceasefire between the United States and Iran, with Bitcoin reclaiming the $70,000 level and briefly rising above $73,000. Analysts from Laser Digital pointed to Strategy’s purchases and ETF inflows as key drivers behind the rally, alongside a recovery in US equities.
However, sentiment shifted again after negotiations over the weekend failed to produce an agreement and new developments, including a naval blockade announced from April 13, triggered renewed volatility. “However, the weekend talks didn’t go well — no agreement was made and the latest announcement of a naval blockade from April 13 triggered a sharp pullback towards $71,000,” Laser Digital said, adding that the firm expects price fluctuations to persist until greater clarity emerges around the ceasefire timeline.
Sources:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001050446/000119312526152015/mstr-20260223.htm
https://cointelegraph.com/news/strategy-buys-13-927-bitcoin-1b-holdings-780-897-btc
https://x.com/STRC_live/status/2043660774254551337