Key Takeaways
- • Strategy (MSTR) acquired approximately 10,645 bitcoin last week for $980.3 million at an average price of $92,098 per coin, marking the second consecutive ~$1 billion weekly bitcoin purchase.
- • Total bitcoin holdings now exceed 671,268 BTC acquired for $50.33 billion at an average cost of $74,972 per coin, cementing MSTR's position as the largest publicly traded corporate bitcoin holder with over 3.4% of the fixed 21 million BTC supply.
- • The acquisition was funded primarily through $888.2 million in common stock sales, with additional proceeds from preferred stock issuances, demonstrating aggressive capital raising despite shareholder dilution concerns.
- • Strategy has filed with the SEC to raise an additional $44 billion through preferred and common stock offerings, signaling continued aggressive bitcoin accumulation strategy under Executive Chairman Michael Saylor.
- • MSTR's current bitcoin treasury holdings carry a market value exceeding $60.6 billion, with the company maintaining multiple at-the-market (ATM) equity issuance programs totaling billions in capacity.
Summary
Strategy (MSTR), the largest publicly traded holder of bitcoin, executed its second consecutive weekly acquisition of approximately $1 billion worth of bitcoin in the week ended April 10, 2026. The company purchased 10,645 BTC for $980.3 million at an average price of $92,098 per coin, according to SEC filings and reports from CoinDesk. This sustained purchasing intensity marks a notable acceleration compared to the company's historically smaller weekly acquisitions, reflecting an aggressive shift in capital deployment despite constrained market conditions.
The bitcoin acquisition brought Strategy's cumulative holdings to 671,268 BTC acquired for $50.33 billion at an average cost of $74,972 per coin. This substantial position represents more than 3.4% of Bitcoin's fixed 21 million coin supply, reinforcing MSTR's dominant position in the corporate bitcoin treasury landscape. At current market valuations near $74,000 per coin, the company's holdings carry a market value exceeding $60.6 billion, making the treasury a material component of shareholder value.
Strategy funded the latest purchase primarily through $888.2 million in common stock sales, with supplementary capital raised through sales of the company's STRD preferred series. This financing approach reflects Executive Chairman Michael Saylor's willingness to accept equity dilution to pursue aggressive bitcoin accumulation. The company has been a consistent seller of equity over recent weeks, having raised nearly $2 billion two weeks prior and another $1 billion in the most recent week, prioritizing bitcoin purchases despite MSTR shares trading more than 50% lower over the preceding six months.
Looking ahead, Strategy filed with the SEC to raise an additional $44 billion through both preferred and common stock offerings, signaling management's conviction in continued bitcoin accumulation. The company maintains multiple at-the-market equity issuance programs for perpetual preferred shares (STRK, STRC, STRF, STRD) with combined capacity exceeding $31 billion, providing substantial dry powder for future bitcoin purchases. This capital structure strategy positions MSTR to remain an aggressive accumulator of bitcoin regardless of near-term equity market conditions, effectively converting shareholder equity into hard bitcoin reserves.
The bitcoin acquisition brought Strategy's cumulative holdings to 671,268 BTC acquired for $50.33 billion at an average cost of $74,972 per coin. This substantial position represents more than 3.4% of Bitcoin's fixed 21 million coin supply, reinforcing MSTR's dominant position in the corporate bitcoin treasury landscape. At current market valuations near $74,000 per coin, the company's holdings carry a market value exceeding $60.6 billion, making the treasury a material component of shareholder value.
Strategy funded the latest purchase primarily through $888.2 million in common stock sales, with supplementary capital raised through sales of the company's STRD preferred series. This financing approach reflects Executive Chairman Michael Saylor's willingness to accept equity dilution to pursue aggressive bitcoin accumulation. The company has been a consistent seller of equity over recent weeks, having raised nearly $2 billion two weeks prior and another $1 billion in the most recent week, prioritizing bitcoin purchases despite MSTR shares trading more than 50% lower over the preceding six months.
Looking ahead, Strategy filed with the SEC to raise an additional $44 billion through both preferred and common stock offerings, signaling management's conviction in continued bitcoin accumulation. The company maintains multiple at-the-market equity issuance programs for perpetual preferred shares (STRK, STRC, STRF, STRD) with combined capacity exceeding $31 billion, providing substantial dry powder for future bitcoin purchases. This capital structure strategy positions MSTR to remain an aggressive accumulator of bitcoin regardless of near-term equity market conditions, effectively converting shareholder equity into hard bitcoin reserves.
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