Key Highlights
- Strategy acquired 13,927 bitcoin for approximately $1 billion during the April 6–12 period, paying an average of $71,902 per coin.
- The acquisition received complete financing through the sale of 10 million shares of STRC (Stretch) preferred stock.
- Current holdings have reached 780,897 BTC, representing a cumulative investment of $59.02 billion with an average entry price of $75,577.
- The company disclosed $14.46 billion in unrealized losses on digital asset holdings for Q1 2026.
- MSTR shares dropped over 2.5% during pre-market hours after Monday’s regulatory filing.
Strategy executed another billion-dollar bitcoin acquisition last week, though investors responded with selling pressure. The details reveal an ongoing aggressive accumulation strategy.
The transaction details emerged through an 8-K filing submitted to the SEC on Monday, documenting activity from April 6 through 12. During this window, Strategy accumulated 13,927 BTC with an average acquisition price of $71,902 per coin. This addition elevates the company’s total bitcoin position to 780,897 BTC — approaching the 800,000 milestone with fewer than 20,000 coins remaining.
Across all historical transactions, the company has deployed $59.02 billion toward bitcoin acquisitions, establishing an average cost basis of $75,577 per coin. With bitcoin currently trading around $71,000, the portfolio shows an average entry point several thousand dollars above current market values.
Funding for this acquisition came exclusively from STRC issuance — specifically, 10 million shares of Strategy’s perpetual preferred stock product marketed under the “Stretch” brand. The company utilized none of its other equity instruments, including MSTR, STRK, STRD, or STRF, during this period.
STRC Issuance Reaches Second-Highest Weekly Volume
Data from STRC.live indicates last week’s STRC issuance ranked as the second-largest weekly amount recorded to date — approaching three times the four-week rolling average. Strategy modified its STRC sales framework in early March, a change that has accelerated issuance velocity in recent weeks.
The $1 billion generated through STRC sales corresponded directly with the bitcoin purchase amount, as net proceeds aligned closely with the transaction’s notional value.
Strategy has maintained an aggressive acquisition pace throughout 2026. The company has accumulated over 107,000 BTC since January, establishing this year as one of the most intense buying periods in corporate history.
The purchase timing coincided with significant market developments. Cryptocurrency markets surged early in the week after announcement of a US-Iran ceasefire, with bitcoin recovering above $70,000 and temporarily exceeding $73,000. Nomura’s Laser Digital identified Strategy’s buying activity as a contributing factor to the rally, along with $786 million flowing into spot bitcoin ETFs.
First Quarter Shows $14.46 Billion in Unrealized Losses
Strategy disclosed $14.46 billion in unrealized losses across its digital asset portfolio for Q1 2026. The company’s average cost basis of $75,577 per coin exceeds current trading levels, creating a negative mark-to-market position on the holdings.
The market momentum reversed course quickly. Ceasefire negotiations collapsed over the weekend without reaching agreement. An April 13 naval blockade announcement triggered a bitcoin retreat back toward $71,000.
Laser Digital analysts forecast continued price volatility leading up to the ceasefire deadline.
MSTR shares traded down more than 2.5% in pre-market activity Monday following the regulatory disclosure.
