Key Highlights
- Strategy acquired 13,927 bitcoin for approximately $1 billion during the April 6–12 period, paying an average of $71,902 per unit.
- Funding came entirely from the sale of 10 million STRC (Stretch) preferred stock shares.
- The company’s cumulative bitcoin position now stands at 780,897 BTC, purchased for $59.02 billion with an average entry price of $75,577.
- Unrealized losses on digital asset holdings reached $14.46 billion for Q1 2026.
- Pre-market trading saw MSTR stock decline over 2.5% following Monday’s regulatory filing.
Strategy executed another substantial bitcoin acquisition worth one billion dollars during the previous week, though shares retreated on the news. Here’s the breakdown.
The acquisition, revealed through an SEC 8-K filing released Monday, encompasses transactions from April 6 through April 12. Strategy accumulated 13,927 BTC, paying an average of $71,902 for each coin. This expansion elevates the company’s aggregate holdings to 780,897 BTC — leaving the firm fewer than 20,000 coins short of reaching the 800,000 threshold.
Across all transactions to date, the enterprise has allocated $59.02 billion toward bitcoin acquisitions, reflecting an average purchase price of $75,577 per unit. Given bitcoin‘s current trading level hovering just under $71,000, the portfolio’s average cost basis exceeds market value by several thousand dollars per coin.
Financing for this most recent acquisition came exclusively from STRC share sales — Strategy’s perpetual preferred equity instrument marketed under the “Stretch” brand. The company did not liquidate any MSTR, STRK, STRD, or STRF shares during this timeframe.
STRC Issuance Reaches Second-Highest Weekly Volume
Data from STRC.live indicates the previous week’s STRC issuance ranked as the second-largest on record — approaching triple the four-week moving average. Strategy revised its STRC distribution protocols in early March, a modification that appears to have accelerated recent issuance volumes.
The $1 billion generated through STRC sales directly corresponded to the bitcoin purchase amount, with net proceeds essentially matching the transaction’s nominal value.
Strategy has maintained an aggressive accumulation stance throughout the current year. The firm has expanded its position by more than 107,000 BTC since January 2026, representing one of the most intensive buying campaigns in the organization’s timeline.
The timing of last week’s transaction aligned with significant market developments. Cryptocurrency markets experienced an uptick early in the week after US-Iran ceasefire announcements, with bitcoin recapturing the $70,000 level and momentarily surpassing $73,000. Nomura’s Laser Digital identified Strategy’s buying activity as among several catalysts behind that upward movement, complemented by $786 million flowing into spot bitcoin ETFs.
First Quarter Unrealized Losses Total $14.46 Billion
Strategy disclosed $14.46 billion in unrealized losses on digital asset holdings for the first quarter of 2026. With the company’s average acquisition cost of $75,577 per coin exceeding prevailing market rates, the portfolio currently reflects a paper loss position.
The market advance proved temporary. Ceasefire negotiations during the weekend collapsed without resolution. An April 13 naval blockade announcement triggered bitcoin’s retreat toward the $71,000 range.
Laser Digital analysts anticipate continued price volatility extending through the ceasefire deadline period.
MSTR stock registered a decline exceeding 2.5% during pre-market trading hours Monday after the filing became public.
