Michael Saylor’s Strategy, the world’s largest publicly listed holder of Bitcoin, resumed purchases last week after no buys in the final week of March. The company acquired 4,871 BTC for $329.9 million, according to an 8-K filing with the SEC, at an average price of $67,718 per coin—below Strategy’s overall average acquisition price of $75,644. The additions bring Strategy’s total holdings to 766,970 BTC, acquired for about $58 billion.
In its first-quarter financial results, Strategy reported a $14.46 billion unrealized loss on digital assets and a $2.42 billion deferred tax benefit. Because Bitcoin’s fair value remains below its cost basis, the company recorded a $1.73 billion deferred tax asset related to unrealized losses and offset it with a $1.73 billion valuation allowance. Strategy said it expects to establish an additional $0.5 billion valuation allowance against these deferred tax assets while Bitcoin trades below its cost basis.
Bitcoin fell below Strategy’s average purchase price in early February—the first time since late 2023 the asset traded below the company’s cost basis. Despite that, Strategy has continued accumulating BTC, buying roughly 54,000 coins since Feb. 2 and making some of its largest weekly purchases in March, with monthly net acquisitions of 41,362 BTC. Total Bitcoin purchases in Q1 2026 reached 89,316 BTC for about $6.3 billion.
Strategy also updated its at-the-market (ATM) program. The company announced a new $21 billion offering of STRC (Stretch) stock and a new $21 billion offering of Common A (MSTR) stock, terminated its prior STRK offering, and launched a new $2.1 billion STRK offering. The stated amounts reflect total remaining capacity under existing programs plus the newly added offerings; sales under the increased STRC and MSTR capacity may begin once existing capacity is substantially used.
During March 30–31, Strategy sold approximately 2.28 million STRC shares and 582,550 MSTR shares, generating about $299.3 million in net proceeds. From April 1–5, it sold an additional 1 million STRC shares and 593,294 MSTR shares, raising roughly $174.6 million.
Cointelegraph notes this reporting follows its editorial policy and encourages readers to verify information independently.
