Michael Saylor posted Strategy’s Bitcoin purchase history chart on Sunday with the caption “Think bigger,” a move that has become synonymous with imminent BTC acquisitions by the company.
Recent move
Strategy’s most recent purchase was on April 6, when it bought 4,871 BTC for over $329.8 million, bringing its total holdings to 766,970 BTC — the largest of any public company, according to Strategy’s tracker.
Sitting on $14.5 billion in unrealized losses
Strategy’s average cost per BTC is $75,644, and the company reported a loss of nearly $14.5 billion on its holdings for the first quarter of 2026, per a filing with the SEC.
Despite the losses, Strategy has continued buying aggressively — accumulating 46,233 BTC in March alone, while miners produced only around 16,200 BTC that same month, nearly three times the newly mined supply.
Saylor commented on the broader market in April:
“The global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory.”
Strategy bucks the trend as others capitulate
Strategy’s 766,970 BTC reserve dwarfs the next largest corporate holder, Twenty One Capital, which holds 43,514 BTC.
Strategy has now completed 105 Bitcoin transactions since 2020, continuing to accumulate through corporate debt and equity financing even as the bear market has pushed Bitcoin to two-year lows.
