Key Takeaways
- Strategy acquired 13,927 bitcoin for approximately $1 billion during the April 6-12 period, paying an average of $71,902 per coin.
- The acquisition was entirely financed through the sale of 10 million STRC (Stretch) preferred stock shares.
- The company’s bitcoin reserves now total 780,897 BTC, purchased for $59.02 billion at an average price of $75,577 per coin.
- First quarter 2026 unrealized losses on digital asset holdings reached $14.46 billion.
- MSTR shares declined over 2.5% during pre-market trading after Monday’s SEC filing.
Strategy’s latest billion-dollar bitcoin acquisition failed to boost investor sentiment, with shares falling despite the continued accumulation strategy.
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. As of 4/12/2026, we hodl 780,897 $BTC acquired for ~$59.02 billion at ~$75,577 per bitcoin. $MSTR $STRC https://t.co/xVKjg2cEVP
— Michael Saylor (@saylor) April 13, 2026
According to Monday’s 8-K filing submitted to the SEC, the transaction occurred between April 6 and April 12. Strategy accumulated 13,927 BTC, paying an average of $71,902 for each coin. The purchase pushes the company’s aggregate bitcoin position to 780,897 BTC — leaving fewer than 20,000 coins before reaching the symbolic 800,000 threshold.
Strategy’s cumulative investment in bitcoin now stands at $59.02 billion, reflecting an average acquisition cost of $75,577 per coin. With bitcoin currently hovering just under $71,000, the average purchase price sits several thousand dollars above current market levels.
The entire acquisition was financed through issuing 10 million shares of STRC — the company’s perpetual preferred stock known as “Stretch.” No dilution occurred in MSTR, STRK, STRD, or STRF shares throughout this period.
Record-Breaking STRC Issuance Drives Latest Bitcoin Buy
Data from STRC.live indicates last week’s STRC issuance ranked as the second-largest ever recorded — approaching three times the monthly average volume. Strategy modified its STRC distribution parameters in early March, triggering a substantial increase in subsequent issuance levels.
The $1 billion generated from STRC sales directly funded the bitcoin acquisition, with net proceeds essentially matching the transaction’s notional amount.
Strategy has maintained an aggressive accumulation pace throughout 2026. The company has added over 107,000 BTC during the current year, representing one of the most intensive buying periods since launching its bitcoin treasury strategy.
Last week’s purchase timing coincided with significant market developments. Cryptocurrency markets surged early in the week after announcements of a US-Iran ceasefire, propelling bitcoin above $70,000 and briefly exceeding $73,000. Nomura’s Laser Digital identified Strategy’s buying activity as a contributing factor to the rally, alongside $786 million flowing into spot bitcoin ETFs.
First Quarter Shows $14.46 Billion in Paper Losses
Strategy disclosed $14.46 billion in unrealized losses on digital assets for the first quarter of 2026. With an average cost basis of $75,577 per coin exceeding current market prices, the portfolio carries unrealized losses on a mark-to-market basis.
The market momentum proved short-lived. Ceasefire negotiations collapsed over the weekend without reaching an agreement. A naval blockade declaration on April 13 triggered bitcoin’s retreat toward $71,000.
Laser Digital analysts anticipate continued price volatility leading up to the ceasefire deadline.
MSTR shares fell more than 2.5% in pre-market trading Monday following the regulatory filing disclosure.
