Key Takeaways
- • MicroStrategy acquired 3,273 Bitcoin for $255 million between April 20–26, 2026, at an average price of $77,906 per coin, funded entirely through the sale of 1.45 million Class A common shares.
- • The company now holds 818,334 Bitcoin with a total cost basis of approximately $61.8 billion, valued at roughly $63.6 billion at publication, solidifying its position as the world's largest public Bitcoin holder.
- • This purchase marks a departure from the previous week's 34,164 BTC acquisition, which utilized the company's STRC perpetual preferred security; the latest acquisition relied solely on common stock issuance.
- • MicroStrategy has acquired 144,551 Bitcoin year-to-date (2026), averaging approximately 36,137 BTC per month, positioning the company to reach an estimated 1.2 million BTC by year-end according to investor projections.
- • The acquisition raises MicroStrategy's cost basis to $75,537 per Bitcoin and brings it ahead of BlackRock's ~812,300 BTC in holdings, though it remains below the combined ~1.32 million BTC held across all crypto fund issuers.
Summary
MicroStrategy, led by Executive Chairman Michael Saylor, continues its aggressive Bitcoin accumulation strategy with the purchase of 3,273 Bitcoin between April 20 and 26, 2026. According to an SEC 8-K filing released Monday, the company acquired the digital assets for approximately $255 million at an average price of $77,906 per coin. This transaction, executed while Bitcoin traded above $77,000, increased the company's total holdings to 818,334 Bitcoin with a cumulative cost basis of $61.8 billion. At the time of publication, the treasury was valued at approximately $63.6 billion based on current market prices.
The funding mechanism for this week's purchase differed notably from MicroStrategy's prior acquisition activity. Rather than issuing additional STRC perpetual preferred securities—which funded the company's record 34,164 Bitcoin purchase the previous week—this acquisition was financed entirely through the issuance of 1.45 million Class A common shares, raising the full $255 million investment. This strategic shift in capital structure reflects flexibility in the company's financing approach as it executes its Bitcoin treasury strategy.
The latest acquisition underscores MicroStrategy's sustained commitment to Bitcoin accumulation. Year-to-date, the company has acquired 144,551 Bitcoin, representing an average monthly pace of approximately 36,137 coins. Bitcoin advocate and Strategy investor Adam Livingston projects the company is on track to accumulate a total of 1.2 million Bitcoin by the end of 2026, implying a need for an additional 381,666 coins over the remainder of the year.
With 818,334 Bitcoin in holdings, MicroStrategy has surpassed BlackRock's approximately 812,300 Bitcoin managed on behalf of its clients, making Strategy the world's largest public Bitcoin holder. However, the company's holdings remain substantially below the combined approximately 1.32 million Bitcoin held across all cryptocurrency fund issuers globally. Saylor previously signaled the company's acquisition intentions, noting that Strategy has completed 107 total Bitcoin purchase events since 2020, reinforcing a disciplined and consistent treasury-building approach.
The funding mechanism for this week's purchase differed notably from MicroStrategy's prior acquisition activity. Rather than issuing additional STRC perpetual preferred securities—which funded the company's record 34,164 Bitcoin purchase the previous week—this acquisition was financed entirely through the issuance of 1.45 million Class A common shares, raising the full $255 million investment. This strategic shift in capital structure reflects flexibility in the company's financing approach as it executes its Bitcoin treasury strategy.
The latest acquisition underscores MicroStrategy's sustained commitment to Bitcoin accumulation. Year-to-date, the company has acquired 144,551 Bitcoin, representing an average monthly pace of approximately 36,137 coins. Bitcoin advocate and Strategy investor Adam Livingston projects the company is on track to accumulate a total of 1.2 million Bitcoin by the end of 2026, implying a need for an additional 381,666 coins over the remainder of the year.
With 818,334 Bitcoin in holdings, MicroStrategy has surpassed BlackRock's approximately 812,300 Bitcoin managed on behalf of its clients, making Strategy the world's largest public Bitcoin holder. However, the company's holdings remain substantially below the combined approximately 1.32 million Bitcoin held across all cryptocurrency fund issuers globally. Saylor previously signaled the company's acquisition intentions, noting that Strategy has completed 107 total Bitcoin purchase events since 2020, reinforcing a disciplined and consistent treasury-building approach.
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