Strategy expanded its Bitcoin treasury again after buying 13,927 BTC for about $1 billion, according to a Monday filing.
The company paid an average price of $71,902 per coin during the purchase period from April 6 to April 12.
This latest buy lifted Strategy’s total Bitcoin holdings to 780,897 BTC. The company said it has spent about $59.02 billion to build that position, with an average cost basis of $75,577 per Bitcoin.
Strategy grows Bitcoin treasury again
Michael Saylor’s Strategy carried out one of its largest Bitcoin purchases of 2026 with the latest addition. The company described the move in a regulatory filing that confirmed the size of the purchase and the price paid per coin.
Based on the updated figures, Strategy now controls more than 3.7 percent of Bitcoin’s fixed 21 million supply.
The company has made Bitcoin accumulation the center of its capital strategy. This latest purchase came one week after Strategy added 4,871 BTC for about $330 million, which had pushed its holdings to 766,970 BTC at the time.
With the new transaction, the firm widened that lead further over other public companies that hold Bitcoin on their balance sheets.
Saylor signaled the purchase before the filing became public. In a post shared on Sunday he wrote, “Think ₿igger,” continuing his usual pattern of hinting at new acquisitions before Strategy releases formal details.
As of press time, Bitcoin traded at around $71,200, up slightly in the past 24 hours and over 2 percent in the past week (based on CoinGecko’s data).
Preferred stock sale funds the $1 billion purchase
Strategy funded the entire purchase through sales of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC.
The company sold 10,028,363 STRC shares last week, raising about $1 billion, and used the proceeds to buy Bitcoin. As of April 12, Strategy still has about $21.6 billion of STRC issuance capacity left under that at-the-market program.
The company also said it did not sell any shares from its Class A common stock program, known as MSTR, during the week. About $27.1 billion remains available under that separate ATM program.
Strategy has relied more heavily on preferred stock in recent months to support its Bitcoin purchases. Alongside STRC, the company also maintains several other perpetual preferred stock programs, including STRK, STRF, and STRD.
Those programs sit alongside its broader “42/42” capital plan, which targets a total of $84 billion in funding through equity offerings and convertible notes by 2027.
That structure allows Strategy to keep raising capital while limiting its use of common stock in certain periods. In March 2026, the company expanded its fundraising capacity again by adding new $21 billion offerings for STRC and MSTR, along with a further $2.1 billion for STRK.
Holdings, valuation, and breakeven remain in focus
Strategy’s updated Bitcoin balance sheet now shows a large gap between the company’s aggregate purchase cost and the current market value of its holdings.
At around current spot prices, the 780,897 BTC stack is worth about $55.4 billion, compared with the company’s total acquisition cost of roughly $59.02 billion.
That difference leaves Strategy with paper losses of about $3.6 billion based on the numbers disclosed in the filing and current Bitcoin prices near $71,000. The company had already reported a $14.46 billion unrealized loss on its Bitcoin holdings for the first quarter of 2026.
Those figures have kept investor attention on Strategy’s leverage, dividend obligations, and the premium or discount at which its stock trades against its Bitcoin net asset value.
Some investors have also raised concerns about the company’s market cap-to-net asset value ratio and the growing number of fundraising programs tied to Bitcoin purchases. Data cited from Bitcoin Treasuries showed Strategy’s mNAV at around 0.84, while the company’s stock has fallen sharply from its summer 2025 peak.
Saylor has continued to defend the model in public remarks. In a post on X, he said, “Our BTC Breakeven ARR is ~2.05 percent.” He added, “If Bitcoin grows faster than that over time, we can cover our dividends indefinitely without issuing new MSTR shares.”
That statement aimed to address market concern about whether the company can support its preferred dividend structure over time.
Bitcoin treasury firms stay in the spotlight
Strategy remains the largest corporate Bitcoin holder by a wide margin, but it no longer stands alone. Bitcoin Treasuries data shows that 195 public companies now use some form of Bitcoin acquisition model.
Other names in the top group include Twenty One, Metaplanet, MARA, Bullish, Riot Platforms, Coinbase, Strive, and Hut 8.
That wider adoption has turned corporate Bitcoin treasury strategies into a major market theme. Still, many of those companies have seen their share prices fall from 2025 highs as valuation multiples tightened.
Strategy shares closed last week up 7.4 percent at $128.64, before slipping to $128, down almost 1 percent on the day, at the time of writing.
