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Strategy added another 3,273 BTC to its treasury between April 20 and April 26, spending roughly $255 million at an average price of $77,906 per coin, according to its latest 8-K filing with the Securities and Exchange Commission. The purchase extends the firm’s steady accumulation pace and reinforces its position as the largest public holder of Bitcoin.
Strategy now controls 818,334 BTC, valued at about $63.7 billion. The company reported a total acquisition cost of $61.8 billion and an average price of $75,537 per coin.
The firm’s Bitcoin position represents 3.9% of Bitcoin’s fixed 21 million supply. At current market levels, Strategy estimated unrealized gains of $1.9 billion.
Strategy funded the April 20–26 acquisition through at-the-market (ATM) sales of its Class A common stock (MSTR). The company sold 1,451,601 shares for approximately $255 million.
As of April 26, Strategy still had $26.47 billion worth of MSTR available for issuance under its ongoing program.
In addition to common stock issuance, Strategy continues to rely on perpetual preferred stock programs, including STRK, STRC, STRF, and STRD, which collectively support its long-term strategy for acquiring Bitcoin.
These programs align with the firm’s broader 42/42 plan, which aims to raise $84 billion in combined equity and convertible note offerings by 2027. Strategy recently expanded its ATM programs, adding up to $21 billion of MSTR, $21 billion of STRC, and $2.1 billion of STRK capacity.
Co-founder Michael Saylor hinted at the latest purchase on Sunday, sharing an update on Strategy’s Bitcoin tracker and writing that the “beat goes on.”
STRC, a variable-rate preferred stock offering monthly dividends, has been a key funding tool, though it was not used last week. Strategy has proposed shifting STRC dividends from monthly to twice monthly, arguing the change could improve liquidity, efficiency, and price stability.
Analysts at TD Cowen said the proposed dividend changes could benefit both common shareholders and Bitcoin treasury peer Strive.
Bitcoin Treasuries data shows 196 public companies now follow similar accumulation models, though many have seen sharp valuation declines since 2025.
Despite broader weakness, Strategy’s stock rose 10.6% last week, closing Friday at $171.02.
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