Michael Saylor’s Strategy continues its aggressive accumulation of digital assets, acquiring an additional 13,927 Bitcoin for approximately $1 billion. This latest move, executed between April 6 and 12, brings the company’s total holdings to a staggering 780,897 BTC, placing it within striking distance of the 800,000 mark.
According to a recent 8-K filing with the SEC, Strategy capitalized on market conditions to purchase the coins at an average price of $71,902. Interestingly, this entry point sits comfortably below the company’s overall average acquisition price of $75,577, suggesting a tactical move to lower its cost basis even as it scales. To date, the company has spent over $59 billion to build its massive treasury, with more than 107,000 BTC added in 2026 alone.
Funding the Bitcoin Standard: The STRC Share Sale
The massive $1 billion haul was financed through the sale of 10 million shares of Strategy’s perpetual preferred equity, known as Stretch (STRC). This marked the second-largest weekly issuance for the equity on record, fueled by a recent amendment to the company’s sales rules in early March. While other instruments like STRF or MSTR remained untouched during this period, the STRC “At-The-Market” (ATM) offering has become a primary engine for Saylor’s ongoing “Bitcoin Standard” strategy.
Ahead of the official filing, Saylor hinted at the move on social media, sharing a chart detailing the company’s 105 separate acquisitions since 2020. This transparency has become a hallmark of the firm, which now stands as the largest public holder of Bitcoin in the world. Despite the scale of these purchases, the company isn’t without its challenges; Strategy recently reported unrealized losses of roughly $14.46 billion for the first quarter of 2026, reflecting the inherent volatility of the crypto market.
Geopolitical Winds and Market Volatility
The broader crypto market saw a rollercoaster of activity last week. Initial optimism following a US-Iran ceasefire announcement sent Bitcoin prices surging past $73,000. Analysts at Nomura’s Laser Digital noted that Strategy’s billion-dollar buy, combined with $786 million in spot ETF inflows, provided a significant tailwind for the rally. However, the momentum hit a snag over the weekend as diplomatic talks stalled.
The announcement of a naval blockade scheduled for April 13 triggered a sharp pullback, dragging Bitcoin back toward the $71,000 level. Market experts expect this “erratic” price action to persist as the ceasefire deadline approaches. While the geopolitical landscape remains tense, Strategy’s commitment remains unwavering, with only 19,103 BTC left to go before they hit their next historic milestone of 800,000 coins.
