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Strategy Adds Another 3,273 Bitcoin, Total Holdings Hit 818,334 BTC

Highlights:

  • Strategy spent $255 million on Bitcoin during the April 20–26 period.
  • The company funded the purchase by selling about 1.45 million MSTR shares. 
  • The firm now holds 818,334 BTC at an average purchase price of $75,537 per Bitcoin.

Strategy Inc. has purchased another 3,273 Bitcoin, bringing its total holdings to 818,334 BTC. According to the company’s Monday Form 8-K filing, the purchase was made between April 20 and April 26. The company spent about $255 million on the latest Bitcoin purchase, paying an average price of $77,906 per BTC, including fees and expenses.

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How Strategy Paid for the Bitcoin

Strategy did not use cash reserves sitting in a bank account to fund this purchase. Instead, it raised the $255 million by selling shares of its Class A common stock, traded on the Nasdaq under the ticker MSTR. During the same week, the company sold approximately 1.45 million MSTR shares through its at-the-market (ATM) offering program.

An ATM offering is a method that publicly listed companies use to sell new shares directly in the open stock market, usually to raise capital quickly without going through a traditional large offering process. Strategy has been using this approach regularly to fund its Bitcoin buying strategy.

Strategy’s total Bitcoin holdings stood at 818,334 BTC. The company’s aggregate purchase price for all its Bitcoin holdings reached about $61.81 billion. Its average purchase price across the full Bitcoin position is now $75,537 per BTC, including fees and expenses.

Bitcoin Remains Central to the Financial Plan

Strategy, formerly known as MicroStrategy, began its aggressive Bitcoin accumulation strategy back in 2020 under co-founder Michael Saylor. The core idea behind the strategy is that Bitcoin serves as a better long-term store of value than holding cash, especially during periods of inflation. Since then, the company has turned this belief into one of the most consistent corporate buying programs in the crypto space.

The April 27 filing also showed that Strategy can still raise more money through its stock offering programs. For MSTR stock, the company had about $26.47 billion still available for issuance and sale as of April 26.

Strategy also listed remaining capacity under its preferred stock programs, including STRF, STRC, STRK, and STRD. However, it did not sell any of those preferred shares between April 20 and April 26.

Strategy also said it has a dashboard on its website for public updates. The company uses it to share details about its securities, Bitcoin purchases, holdings, key performance indicators, and other important information. The company asked investors and the public to check the dashboard regularly. It said the dashboard is one way it shares public information under disclosure rules.

Strategy is not the only public company adding Bitcoin to its balance sheet. Europe-listed Capital B also increased its Bitcoin holdings to 2,943 BTC after buying another 6 BTC for €0.4 million. For Bitcoin investors, the latest purchases indicate that corporate demand for BTC remains active. 

Strategy’s continued buying is adding to Bitcoin demand, while mining activity is also improving. At the time of writing, BTC was trading at $77,751. If Bitcoin stays above key support, this stronger demand and miner growth could help BTC move toward $89K.

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