Michael Saylor’s Bitcoin treasury vehicle, Strategy, added roughly $1 billion more to its Bitcoin stash, funding the purchase through a sale of preferred shares.
An SEC filing shows Strategy acquired 13,927 BTC between April 6 and April 12 at an average price of $71,902 per coin, a transaction that ranks as the firm’s fourth-largest weekly buy this year. The purchase was financed by issuing more than 10 million shares of its variable-rate preferred stock, STRC, raising about $1 billion.
The new acquisition brings Strategy’s holdings to 780,897 BTC, accumulated for about $59.02 billion and an average cost basis near $75,577 per coin. That position represents more than 3.7% of Bitcoin’s 21-million capped supply and, at current prices, implies roughly $3.6 billion in unrealized losses.
Ahead of the buy, Saylor posted a teaser on X saying “Think ₿igger” and updated the firm’s acquisition tracker. Observers noted Strategy is closing in on BlackRock’s spot Bitcoin ETF, IBIT, which is estimated to hold about 790,000 BTC. If inflows continue at current rates, Strategy would need roughly 9,000 BTC to surpass IBIT and become the second-largest holder behind the pseudonymous creator Satoshi Nakamoto.
At press time CoinMarketCap showed Bitcoin trading around $71,998. Speaking at a recent Mizuho investor event, Saylor said Bitcoin likely bottomed near $60,000 and argued major declines end when forced sellers are exhausted rather than when sentiment simply improves. He also downplayed long-term quantum-computing risks, calling them solvable over time.
Analysts say Bitcoin could exceed $80,000 this month if bullish momentum strengthens — particularly if Strategy keeps buying and geopolitical tensions involving Iran ease, which could lift overall risk appetite.