Key Takeaways
- • Strategy purchased 13,927 bitcoin for approximately $1.0 billion during April 6–12, 2026, at an average price of $71,902 per coin, funded entirely through the sale of preferred stock.
- • The company's total bitcoin holdings reached 780,897 BTC as of April 12, 2026, with an aggregate purchase price of $59.02 billion and an average cost basis of $75,577 per bitcoin.
- • Strategy raised $1.0 billion in net proceeds by selling 10.03 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock, with $21.64 billion remaining available under its at-the-market offering program for this security class.
- • The company maintains multiple preferred stock offerings under its ATM program and previously announced $21.0 billion in new offerings for both Variable Rate Series A Perpetual Stretch Preferred Stock and Class A common stock, to be activated once existing capacity is substantially depleted.
Summary
Strategy executed a $1.0 billion bitcoin acquisition during the April 6–12, 2026 period, purchasing 13,927 BTC at an average price of $71,902 per coin. The purchase was funded through the sale of 10.03 million shares of Variable Rate Series A Perpetual Stretch Preferred Stock, according to a filing with securities regulators. The transaction demonstrates the company's continued execution of its bitcoin accumulation strategy through capital markets instruments.
As of April 12, 2026, Strategy's total bitcoin treasury stood at 780,897 BTC, representing an aggregate purchase price of $59.02 billion with an average cost basis of $75,577 per bitcoin. This positions the company as a substantial holder of digital assets. The latest purchase was executed at a price approximately $3,675 below the company's blended average cost, indicating favorable execution relative to the company's historical acquisition profile.
Strategy's preferred stock ATM program continues to provide a capital-efficient funding mechanism for bitcoin purchases. The Variable Rate Series A Perpetual Stretch Preferred Stock offering retained $21.64 billion in available capacity following the April offering. The company also maintains additional preferred stock classes—including the 10.00% Series A Perpetual Strife Preferred Stock (STRF), 8.00% Series A Perpetual Strike Preferred Stock (STRK), and 10.00% Series A Perpetual Stride Preferred Stock (STRD)—alongside Class A common stock offerings.
Looking ahead, Strategy previously announced in March 2026 that it plans to launch new $21.0 billion offerings for both its Variable Rate Series A Perpetual Stretch Preferred Stock and Class A common stock, contingent on capacity under existing offerings being substantially depleted. This signaling suggests the company intends to maintain its bitcoin acquisition trajectory through continued capital market access.
As of April 12, 2026, Strategy's total bitcoin treasury stood at 780,897 BTC, representing an aggregate purchase price of $59.02 billion with an average cost basis of $75,577 per bitcoin. This positions the company as a substantial holder of digital assets. The latest purchase was executed at a price approximately $3,675 below the company's blended average cost, indicating favorable execution relative to the company's historical acquisition profile.
Strategy's preferred stock ATM program continues to provide a capital-efficient funding mechanism for bitcoin purchases. The Variable Rate Series A Perpetual Stretch Preferred Stock offering retained $21.64 billion in available capacity following the April offering. The company also maintains additional preferred stock classes—including the 10.00% Series A Perpetual Strife Preferred Stock (STRF), 8.00% Series A Perpetual Strike Preferred Stock (STRK), and 10.00% Series A Perpetual Stride Preferred Stock (STRD)—alongside Class A common stock offerings.
Looking ahead, Strategy previously announced in March 2026 that it plans to launch new $21.0 billion offerings for both its Variable Rate Series A Perpetual Stretch Preferred Stock and Class A common stock, contingent on capacity under existing offerings being substantially depleted. This signaling suggests the company intends to maintain its bitcoin acquisition trajectory through continued capital market access.
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