- Strategy Inc. (MSTR) acquired 13,927 bitcoin for $1 billion between April 6 and April 12, 2026, averaging $71,902 per coin.
- The purchase brings the firm’s total reserves to 780,897 BTC, acquired at a cumulative cost of $59.02 billion.
- The $1 billion allocation was entirely funded through the sale of 10.03 million shares of Series A Perpetual Stretch Preferred Stock.
Preferred Stock Sales Drive New Bitcoin Accumulation
Strategy Inc., the Nasdaq-listed enterprise software firm known for holding the largest corporate treasury reserve of bitcoin, expanded its position again this week. The company added 13,927 bitcoin to its balance sheet for an aggregate purchase price of $1.00 billion.
Securities filings indicate the purchases occurred between April 6 and April 12, 2026. To fund the acquisition, Strategy executed sales through its at-the-market (ATM) equity program. The firm sold 10,028,363 shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
This share issuance generated net proceeds of approximately $1.00 billion, which were immediately converted into the digital asset. Strategy maintains $21.64 billion in remaining capacity under its current ATM issuance program for this specific security class.
Total Reserves Approach 800,000 BTC
With the latest acquisition, Strategy holds 780,897 bitcoin as of April 12. The cumulative cost basis for the corporate treasury now stands at $59.02 billion.
The average execution price for the April purchases was $71,902 per bitcoin, inclusive of fees and expenses. Across the entirety of its holdings, the company’s average entry price is $75,577 per coin. This data indicates that the aggregate position is currently operating at an unrealized loss relative to the average acquisition cost.
Executive Chairman Michael Saylor confirmed the purchase metrics publicly on Monday. “Strategy has acquired 13,927 BTC for ~$1.00 billion at ~$71,902 per bitcoin and has achieved BTC Yield of 5.6% YTD 2026,” Saylor stated. “As of 4/12/2026, we hodl 780,897 $BTC acquired for ~$59.02 billion at ~$75,577 per bitcoin.”
Institutional Liquidity and Yield Metrics
The market focus remains on Strategy’s continued ability to convert equity market liquidity into bitcoin buying pressure without utilizing traditional corporate debt. The 10.03 million preferred share sale illustrates ongoing institutional demand for Strategy’s equity as a proxy for spot bitcoin exposure.
The company reported a BTC Yield of 5.6% for the 2026 year-to-date period following this transaction. Saylor previously established a 2.05% BTC Breakeven Annual Return Rate for the firm. This metric represents the minimum required bitcoin price appreciation needed to cover preferred stock dividends without diluting existing common shares.
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