Key Takeaways
Strategy acquired 13,927 BTC for $1 billion between April 6–12 at an average price of $71,902, per an SEC 8-K filingTotal holdings now stand at 780,897 BTC, acquired for a cumulative cost of $59.02 billionThe company is 19,103 BTC away from the 800,000 BTC milestone, having bought more than 107,000 BTC in 2026 aloneThe purchase was funded entirely through STRC preferred share sales -- 10 million shares generating approximately $1 billionStrategy reported $14.46 billion in unrealized losses on digital assets in Q1 2026
Michael Saylor's Strategy added 13,927 Bitcoin to its balance sheet last week, pushing total holdings to 780,897 BTC and bringing the company within striking distance of the 800,000 BTC milestone, according to an 8-K filing with the US Securities and Exchange Commission published Monday.
The purchases, made between April 6 and 12, were executed at an average price of $71,902 per coin -- once again below the company's overall average acquisition cost of $75,577. Total cumulative spending on Bitcoin now stands at approximately $59.02 billion.
STRC Funds the Entire Purchase
The $1 billion acquisition was funded exclusively through proceeds from Strategy's perpetual preferred equity, Stretch (STRC). The company sold 10 million STRC shares last week, generating approximately $1 billion in net proceeds. No shares of STRF, STRK, STRD, or common stock MSTR were sold during the period.
According to STRC.live, last week marked the second-largest weekly STRC issuance on record, running at nearly three times the four-week average. The elevated share sales follow Strategy's amendment of its STRC sales rules in early March, which expanded the program to include extended trading hours and a second broker.
Unrealized Losses Mount
Despite the continued accumulation, Strategy is carrying significant paper losses on its holdings. The company reported $14.46 billion in unrealized losses on digital assets for the first quarter of 2026, a reflection of Bitcoin's price decline from the company's higher average acquisition cost of $75,577.
Market Context: Ceasefire Rally Fades
Strategy's buying coincided with a brief crypto market rally early last week, triggered by a US-Iran ceasefire announcement that pushed Bitcoin back above $70,000 and briefly past $73,000. Nomura's Laser Digital cited Strategy's accumulation and strong Bitcoin ETF inflows -- which totaled $786 million over the period -- as key signals underpinning the move, alongside a recovery in US equities to pre-conflict levels.
The optimism proved short-lived. Weekend ceasefire talks broke down without an agreement, and a naval blockade announcement on April 13 triggered a pullback toward $71,000. Laser Digital said it expects erratic price movement to persist until the ceasefire deadline concludes.
Strategy now needs 19,103 BTC to reach 800,000 -- a threshold it could cross within two weeks at its current pace of accumulation.