Michael Saylor’s Bitcoin treasury firm, Strategy, has bought roughly $1 billion more in Bitcoin, funding the purchase through its STRC preferred-stock offering.
Strategy acquired 13,927 BTC for about $1 billion at an average price of $71,902 per coin between April 6 and April 12, according to a Monday SEC filing. This marks Strategy’s fourth-largest weekly purchase so far this year.
The addition brings the Tysons Corner, Virginia–based firm’s total holdings to 780,897 BTC, amassed for about $59.02 billion at an average cost basis of $75,577. That holding represents more than 3.7% of Bitcoin’s capped 21 million supply and implies roughly $3.6 billion in unrealized losses at current prices.
To finance the latest buy, Strategy sold more than 10 million shares of its variable-rate preferred stock, STRC, raising about $1 billion. Ahead of the purchase, Saylor posted a teaser on X with the message “Think ₿igger,” updating the firm’s acquisition tracker.
Some observers noted Strategy is now close to BlackRock’s spot Bitcoin ETF, IBIT, which is estimated to hold about 790,000 BTC. If inflows continue, Strategy would need roughly 9,000 BTC more to overtake IBIT and become the second-largest holder after the pseudonymous creator Satoshi Nakamoto.
Bitcoin was trading around $71,998 at press time, per CoinMarketCap. Speaking at a recent Mizuho investor event, Saylor said Bitcoin likely bottomed near $60,000, arguing that major declines end when forced sellers are exhausted rather than when sentiment improves. He also minimized long-term concerns about quantum computing, calling them solvable over time.
The benchmark crypto could top $80,000 this month if bullish momentum strengthens—particularly if Strategy keeps buying and if geopolitical tensions involving Iran ease, lifting risk appetite.