Key Highlights
- Strategy acquired 4,871 Bitcoin for $329.9M during April 1–5, paying an average of $67,718 per Bitcoin.
- This acquisition marks the end of a two-week hiatus that interrupted a 13-week consecutive buying run in 2026.
- The company’s Bitcoin holdings have reached 766,970 BTC, with an average acquisition cost of $75,644 per coin.
- Strategy disclosed a $14.46B unrealized loss on its digital asset portfolio for Q1 2026, offset by a $2.42B deferred tax benefit.
- Bitcoin traded near $69,589, reflecting a 3.4% increase in the 24 hours after the announcement.
Strategy has returned to its Bitcoin accumulation strategy. The firm announced Monday that it acquired 4,871 Bitcoin during the period spanning April 1 through April 5, spending approximately $329.9 million at an average cost of $67,718 per coin.
JUST IN: Michael Saylor’s @Strategy has announced the purchase of 4,871 $BTC for $329.9 million, reinforcing its continued commitment to Bitcoin. pic.twitter.com/UjK1daqX3b
— The Crypto Times (@CryptoTimes_io) April 6, 2026
This acquisition brings an end to a two-week intermission that interrupted Strategy’s 13-week consecutive Bitcoin purchasing pattern — marking the company’s first deviation from its regular weekly buying schedule in 2026.
The move was foreshadowed by Chairman Michael Saylor during the Easter holiday weekend. On April 3, Saylor posted on social media that “It’s a Good Friday to buy Bitcoin.” Two days later on April 5, he shared a visual representation of previous purchases with the caption “Back to Work,” notably substituting the letter “B” with Bitcoin’s iconic symbol.
To finance this latest acquisition, Strategy leveraged multiple capital-raising methods. The company offloaded approximately 2.28 million shares of its variable rate Series A perpetual Stretch preferred stock (STRC), generating net proceeds of $227.3 million during March 30–31. Subsequently, between April 1–6, it sold an additional 1.03 million Stretch preferred shares for $102.6 million. Strategy also sold 593,294 shares of class A common stock, raising $72 million.
Growing Unrealized Losses on Bitcoin Portfolio
Strategy’s cumulative Bitcoin position now totals 766,970 coins, purchased at an average price point of $75,644 per Bitcoin. This average acquisition cost sits considerably higher than Bitcoin’s current market price.
For the first quarter of 2026, the company disclosed an unrealized loss of $14.46 billion on its digital asset holdings. This was accompanied by a $2.42 billion deferred tax benefit associated with the loss.
Bitcoin’s price has remained substantially below its late-2025 peak levels. The cryptocurrency reached heights exceeding $125,000 at its zenith before retreating to approximately the $69,000 level, pressured by a broader technology sector downturn and market volatility stemming from conflict in Iran.
As of this reporting, Bitcoin had climbed 3.4% during the previous 24-hour period, trading at $69,589.
MSTR’s Premium to Bitcoin Holdings
Strategy’s market capitalization compared to its Bitcoin reserves — commonly referred to as its multiple of net asset value (mNAV) — registered at 1.09 on Monday. This indicates that investors are currently valuing Strategy at a 9% premium relative to the worth of its cryptocurrency holdings.
Should mNAV drop below the 1.0 threshold, it would signal that the market is valuing the company below the direct value of its Bitcoin portfolio.
MSTR shares advanced 3.9% during premarket trading on Monday.
