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Strategy acquired 34,164 BTC for about $2.54 billion on April 20, 2026, lifting its total bitcoin holdings to 815,061 BTC. At an average cost of $74,395 per coin, the purchase also pushed the company’s year-to-date bitcoin yield to 9.5%, according to an April 20 SEC filing.
The buying is driven largely by Strategy’s STRC preferred stock program, known as “Stretch.” The instrument offers an 11.5% monthly dividend yield to holders, enabling Strategy to raise capital without selling existing bitcoin. The proceeds are used to fund additional bitcoin purchases.
Since January 2025, Strategy has completed 57 separate acquisitions totaling 367,593 BTC over sixteen months.
River data indicates that the STRC program has purchased roughly 77,000 BTC so far in 2026. Over the same period, all U.S. spot bitcoin ETFs combined have recorded net inflows of about 8,000 BTC.
On X, River summarized the comparison by stating that STRC has bought 10X more bitcoin than all ETFs so far in 2026.
Strategy currently holds bitcoin valued at approximately $58.7 billion and reports a net leverage ratio of around 10%. The latest acquisition was funded through at-the-market (ATM) programs tied to both STRC shares and Class A common stock.
With 815,061 BTC on hand, Strategy needs an additional 184,939 coins to reach one million. Using a historical daily pace of around 774 BTC per day (based on the last 57 purchases), the milestone is projected to fall around December 15, 2026.
The article notes that actual buying can occur in large bursts linked to financing windows, but the pace observed so far supports the target within the calendar year.
The multibillion-dollar purchase reinforces corporate treasury demand for bitcoin. The path to one million BTC depends on continued demand for the STRC instrument and steady access to capital markets, conditions the company indicates remain in place through April 2026.
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