Michael Saylor’s Strategy has purchased another 34,164 BTC for approximately $2.54 billion at an average price of $74,395 per bitcoin, its largest weekly acquisition since November 2024.
The purchase, made between April 13 and April 19, pushes the company’s total holdings to 815,061 BTC — representing over 3.8% of bitcoin’s fixed supply of 21 million coins.
Funding the buy
The acquisitions were funded through at-the-market sales of Strategy’s Class A common stock (MSTR) and its perpetual Stretch preferred stock (STRC).
Last week, Strategy sold 2,165,000 MSTR shares for roughly $366 million, with $26.7 billion worth of MSTR shares still available under that program.
It also sold 21,795,389 STRC shares for approximately $2.18 billion, with $19.46 billion remaining under that program.
STRC, a variable-rate cumulative preferred stock offering monthly dividends currently at an annualized rate of 11.5%, has become the primary engine behind Strategy’s recent bitcoin purchases.
On Friday, Strategy proposed shifting STRC dividend payments from monthly to semi-monthly, saying the change could:
“lead to reduced reinvestment lag, enhanced liquidity, market efficiency, and increased price stability.”
Earlier in the week, STRC recorded a $1.1 billion trading day, up nearly 50% from its previous high.
‘Think even bigger’
Ahead of the announcement, Saylor posted his usual Sunday hint on X, sharing an update on Strategy’s bitcoin tracker with the message:
“Think even bigger.”
The phrase signaled a larger purchase than the prior week’s 13,927 BTC acquisition.
Strategy’s total 815,061 BTC was bought at an average price of $75,527 per bitcoin for a total cost of around $61.6 billion including fees, leaving the position roughly $400 million underwater at current prices.
Corporate bitcoin race
Strategy’s purchase comes as 195 public companies have now adopted some form of bitcoin acquisition model, according to Bitcoin Treasuries data.
Twenty One Capital, Metaplanet, MARA, and Riot Platforms round out the top tier of public bitcoin holders, though many of these companies have seen their share prices fall sharply from summer 2025 peaks as market cap-to-NAV ratios contracted.
Strategy’s own stock gained 27.1% last week, closing Friday at $166.52, while bitcoin rose approximately 9.3% over the same period.
