Key Highlights

  • Strategy acquired 4,871 Bitcoin for $329.9M from April 1–5, paying an average of $67,718 per coin.
  • The acquisition concluded a two-week hiatus that interrupted a 13-week consecutive purchasing pattern in 2026.
  • Strategy’s total holdings have reached 766,970 Bitcoin, with an average acquisition cost of $75,644 per coin.
  • Q1 2026 financials revealed a $14.46B unrealized loss on digital assets, offset by a $2.42B deferred tax benefit.
  • Bitcoin traded near $69,589, gaining 3.4% in the day following Strategy’s disclosure.

Strategy has resumed its Bitcoin accumulation campaign. The firm announced Monday that it acquired 4,871 Bitcoin during the April 1 through April 5 period, spending approximately $67,718 per coin for a combined investment of $329.9 million.

The transaction marked the end of a two-week interval that interrupted Strategy’s 13-week consecutive buying pattern — representing the company’s first break from weekly purchases in 2026.

Chairman Michael Saylor hinted at the upcoming acquisition during the Easter weekend. He posted on April 3, “It’s a Good Friday to buy Bitcoin.” Two days later on April 5, he shared a chart displaying previous purchases with the caption “Back to Work,” featuring the Bitcoin symbol in place of the letter “B.”

Strategy financed this acquisition through equity offerings. The company sold approximately 2.28 million shares of its variable rate Series A perpetual Stretch preferred stock (STRC), generating net proceeds of $227.3 million during March 30–31. Subsequently, an additional 1.03 million Stretch preferred shares were sold for $102.6 million between April 1–6. The company also divested 593,294 class A common shares, raising $72 million.

Significant Unrealized Losses on Digital Holdings

Strategy’s aggregate Bitcoin position has grown to 766,970 coins, purchased at an average cost of $75,644 per unit. This average acquisition price sits considerably higher than current Bitcoin market prices.

The company disclosed a $14.46 billion unrealized loss on its digital asset portfolio for the first quarter of 2026. Accompanying this figure was a $2.42 billion deferred tax benefit associated with the loss.

Bitcoin has remained well under its late-2025 highs. The cryptocurrency reached above $125,000 at its peak. Since then, it has declined to approximately the $69,000 level, pressured by broader technology sector weakness and market volatility related to the Iran conflict.

As of the reporting time, Bitcoin had increased 3.4% over the previous 24-hour period to reach $69,589.

MSTR’s Market Valuation Versus Bitcoin Holdings

Strategy’s market capitalization compared to its Bitcoin assets — referred to as its multiple of net asset value, or mNAV — registered at 1.09 on Monday. This indicates the market currently values Strategy at a 9% premium above its cryptocurrency holdings.

An mNAV dropping below 1.0 would signal the market prices the company below the standalone value of its Bitcoin reserves.

MSTR stock advanced 3.9% during Monday’s premarket session.