Key Highlights
- Strategy completed a 34,164 bitcoin acquisition for $2.54 billion during the previous week, representing its third-largest transaction to date.
- The company paid an average of $74,395 per bitcoin, expanding its total portfolio to 815,061 BTC.
- Cumulative investment in bitcoin has reached approximately $61.56 billion with an average acquisition cost of $75,527 per coin.
- Funding came from $366 million in common stock offerings and $2.2 million through preferred stock (STRC) sales.
- MSTR experienced a decline exceeding 2.5% during pre-market hours and has dropped 48% year-over-year.
Strategy expanded its bitcoin treasury significantly during the previous week, acquiring 34,164 BTC in a transaction valued at approximately $2.54 billion. This purchase ranks as the company’s third-largest single acquisition in its history.
Strategy has acquired 34,164 BTC for ~$2.54 billion at ~$74,395 per bitcoin and has achieved BTC Yield of 9.5% YTD 2026. As of 4/19/2026, we hodl 815,061 $BTC acquired for ~$61.56 billion at ~$75,527 per bitcoin. $MSTR $STRC https://t.co/ifGXjMeIZH
— Michael Saylor (@saylor) April 20, 2026
The transaction details emerged in a regulatory filing released Monday. Strategy paid an average of $74,395 for each bitcoin in this latest purchase.
The acquisition pushes Strategy’s aggregate bitcoin holdings to 815,061 BTC. The company’s cumulative spending on these digital assets stands at roughly $61.56 billion, reflecting an average purchase price of $75,527 per coin.
Given that bitcoin was trading near $75,000 when the filing was submitted, Strategy has reached approximately breakeven status on its complete bitcoin position.
The corporation began accumulating bitcoin in 2020, transitioning from its traditional software operations to adopt BTC as its principal treasury reserve asset. Strategy maintains its position as the world’s largest publicly traded corporate bitcoin holder.
Financing Details of the Acquisition
The recent purchase drew financing from multiple sources beyond existing cash reserves. Strategy generated $366 million through common stock sales and secured an additional $2.2 million via its perpetual preferred stock offerings, branded as Stretch (STRC).
This funding methodology — leveraging equity sales to acquire bitcoin — has evolved into the company’s signature financial strategy. The approach enables continuous bitcoin accumulation while avoiding conventional debt obligations.
STRC registered a 0.12% gain after the announcement, while MSTR shares dropped over 2.5% during Monday’s pre-market session.
Market Response to MSTR Stock
The market’s reception to the substantial purchase proved subdued and marginally bearish.
MSTR shares traded at $166.52 when the filing was released. The stock had surged more than 10% on April 17 following reports that the company achieved breakeven status on its bitcoin portfolio.
That rally has failed to offset broader losses accumulated over an extended period. MSTR has declined 48% during the trailing twelve months.
The equity’s price movements closely mirror bitcoin’s volatility. MSTR typically experiences amplified swings in both directions relative to BTC price changes.
Strategy’s suite of preferred stock instruments, including STRC and STRD, has provided the company with diverse capital-raising mechanisms. STRD climbed 0.53% after Monday’s announcement.
STRF, an additional preferred offering, decreased 0.28% during the same timeframe.
The company’s bitcoin treasury now exceeds 815,000 coins. At a $75,000 BTC valuation, this position represents approximately $61.1 billion in market value.
Bitcoin was changing hands around $75,000 when Monday’s regulatory filing was published, placing Strategy’s entire holdings near parity with its average cost basis of $75,527 per bitcoin.
