Key Takeaways
- • Michael Saylor's MicroStrategy added 262,884 Bitcoin over a one-year period, expanding holdings by approximately 47% to 815,061 BTC as of April 19, 2026, with a total acquisition cost of $61.56 billion at an average cost basis of $75,527 per coin.
- • The company now controls roughly 3.9% of Bitcoin's fixed 21 million total supply, positioning itself as the second-largest known Bitcoin holder globally after Satoshi Nakamoto's original holdings.
- • MicroStrategy raised $2.54 billion in capital during April 2026 through its at-the-market (ATM) offering program, including $2.18 billion from perpetual preferred stock sales and $366 million from common stock issuance, deploying proceeds entirely into Bitcoin purchases at an average price of $74,395 per coin.
- • The company maintains tens of billions in remaining capacity across its ATM offerings, including $26.7 billion available for common stock issuance, providing substantial dry powder for continued Bitcoin accumulation.
- • As of May 3, 2026, MicroStrategy's Bitcoin holdings reached approximately 818,334 coins with a market value of $64.14 billion, reflecting an unrealized gain of approximately $2.33 billion from the original cost basis of $61.81 billion.
Summary
Michael Saylor's MicroStrategy has substantially accelerated its Bitcoin accumulation strategy, adding 262,884 Bitcoin over the past year and growing its digital asset holdings by 47%. As of April 19, 2026, the company holds 815,061 Bitcoin—equivalent to roughly 3.9% of Bitcoin's fixed 21 million coin supply—making it the second-largest known Bitcoin holder in the world after Satoshi Nakamoto's original holdings.
During the week of April 13–19, MicroStrategy executed a significant capital raise, selling approximately $2.54 billion in securities through its at-the-market program. The capital structure consisted of $2.18 billion from perpetual preferred stock offerings across multiple series and $366 million from common stock sales. The company deployed the entire proceeds into Bitcoin purchases, acquiring 34,164 coins at an average price of $74,395 per coin during this period. This acquisition was notably consistent with the company's broader purchasing pattern, which included a $1 billion Bitcoin purchase between April 6–12 at an average price of $71,902 per coin.
MicroStrategy's cumulative Bitcoin acquisition cost now stands at $61.56 billion for 815,061 coins, reflecting an average cost basis of $75,527 per coin. As of May 3, 2026, the market value of its Bitcoin holdings had increased to approximately $64.14 billion, representing an unrealized gain of $2.33 billion. The company maintains substantial additional capacity to fund future Bitcoin purchases, retaining approximately $26.7 billion in available capacity for common stock issuance under its ATM programs, alongside unused capacity in preferred stock offerings.
This aggressive accumulation strategy underscores MicroStrategy's commitment to positioning Bitcoin as its primary corporate treasury asset. The company's systematic approach to capital raises—using preferred and common equity to fund Bitcoin purchases without diluting existing shareholders' ownership proportionally—has enabled sustained growth in holdings despite volatile cryptocurrency markets. The strategy reflects Saylor's thesis that Bitcoin represents an uncorrelated, inflation-protected store of value for corporate treasuries.
During the week of April 13–19, MicroStrategy executed a significant capital raise, selling approximately $2.54 billion in securities through its at-the-market program. The capital structure consisted of $2.18 billion from perpetual preferred stock offerings across multiple series and $366 million from common stock sales. The company deployed the entire proceeds into Bitcoin purchases, acquiring 34,164 coins at an average price of $74,395 per coin during this period. This acquisition was notably consistent with the company's broader purchasing pattern, which included a $1 billion Bitcoin purchase between April 6–12 at an average price of $71,902 per coin.
MicroStrategy's cumulative Bitcoin acquisition cost now stands at $61.56 billion for 815,061 coins, reflecting an average cost basis of $75,527 per coin. As of May 3, 2026, the market value of its Bitcoin holdings had increased to approximately $64.14 billion, representing an unrealized gain of $2.33 billion. The company maintains substantial additional capacity to fund future Bitcoin purchases, retaining approximately $26.7 billion in available capacity for common stock issuance under its ATM programs, alongside unused capacity in preferred stock offerings.
This aggressive accumulation strategy underscores MicroStrategy's commitment to positioning Bitcoin as its primary corporate treasury asset. The company's systematic approach to capital raises—using preferred and common equity to fund Bitcoin purchases without diluting existing shareholders' ownership proportionally—has enabled sustained growth in holdings despite volatile cryptocurrency markets. The strategy reflects Saylor's thesis that Bitcoin represents an uncorrelated, inflation-protected store of value for corporate treasuries.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.