Strategy Crosses 800K BTC as Corporate Accumulation Grows
Michael Saylor’s Strategy has expanded its Bitcoin treasury again, pushing total holdings above 815,000 BTC after its biggest weekly purchase in months.
Strategy, the Bitcoin-focused treasury company led by Michael Saylor, purchased 34,164 Bitcoin for approximately $2.54 billion between April 13 and April 19, according to an April 20 filing with the U.S. Securities and Exchange Commission.
The acquisition marks the company’s largest weekly Bitcoin buy since November 2024 and further cements Strategy’s position as the world’s most aggressive corporate holder of the asset.
With the latest addition, Strategy now owns 815,061 BTC, acquired at a combined cost of roughly $61.6 billion, including fees and expenses. The firm said its average purchase price across all holdings now stands at $75,527 per Bitcoin.
At current market levels cited in the filing, the stack is worth around $62 billion.
Strategy Controls Nearly 4% of Bitcoin Supply
The scale of Strategy’s holdings continues to stand out across both public markets and the broader crypto sector.
Its 815,061 BTC reserve represents more than 3.88% of Bitcoin’s fixed maximum supply of 21 million coins, making the company one of the most influential institutional participants in the Bitcoin ecosystem.
According to CryptoPulse.News’ Crypto Treasury Tracker, Strategy remains the clear leader among public companies holding Bitcoin. Other major holders include: Twenty One Capital, Metaplanet, MARA Holdings, and Bitcoin Standard Treasury Company.
No other listed company comes close to Strategy’s treasury size.
How Strategy Funded the Purchase
The company said the latest Bitcoin acquisition was financed through proceeds raised under several at-the-market (ATM) share sale programs.
During the reporting period, Strategy sold:
- 2,165,000 MSTR shares for approximately $366 million
- 21,795,389 STRC preferred shares for approximately $2.18 billion
As of April 19, Strategy still had significant issuance capacity remaining:
- $26.7 billion available under its MSTR program
- $19.46 billion available under its STRC program
These programs form part of Strategy’s broader capital strategy to continuously raise funds for future Bitcoin purchases.
The “42/42” Bitcoin Expansion Plan
Beyond its active ATM offerings, Strategy is also pursuing its long-term “42/42” plan, targeting a total of $84 billion through a mix of equity offerings and convertible debt by 2027.
The company recently expanded those fundraising channels to include:
- Up to an additional $21 billion of MSTR stock
- $21 billion of STRC preferred stock
- $2.1 billion of STRK preferred stock
That framework gives Strategy substantial firepower to keep accumulating Bitcoin if market conditions remain favorable.
Saylor Teased the Move Ahead of Filing
Before the official announcement, Michael Saylor posted one of his now-familiar Sunday teasers on X, sharing an updated Bitcoin tracker and hinting at another major purchase.
“Think even bigger.” — Michael Saylor
The message suggested a larger buy than the company’s previous weekly acquisition of 13,927 BTC.
Saylor has repeatedly used social media to preview upcoming treasury announcements, helping turn Strategy’s buying activity into a closely watched weekly market event.
STRC Becomes Key Funding Engine
Recent filings indicate that STRC, Strategy’s variable-rate cumulative preferred stock, is becoming an increasingly important tool for financing Bitcoin buys.
The product pays monthly dividends and includes an adjustable rate designed to keep shares trading near a $100 par value. It currently offers an 11.5% annualized rate.
On April 17, Strategy proposed changing the dividend payment schedule from monthly to twice monthly.
The company said the adjustment could:
- Reduce reinvestment lag
- Improve liquidity
- Increase market efficiency
- Support price stability
The move suggests Strategy is refining its capital structure to make recurring fundraising more efficient.
Institutional Demand Extends Beyond Strategy
Strategy’s latest purchase comes as broader institutional appetite for digital assets also strengthens.
According to CoinShares, global crypto investment products from firms such as BlackRock, Bitwise, and 21Shares attracted $1.4 billion in net inflows last week, extending a three-week streak of positive flows.
The inflows coincided with easing geopolitical concerns and Bitcoin reclaiming levels above $76,000, reinforcing confidence among professional investors.
That backdrop matters for Strategy. As ETF and fund demand rises alongside corporate accumulation, the available liquid supply of Bitcoin may tighten further. With more than 815,000 BTC already locked on its balance sheet and billions still available for future purchases, Strategy appears determined to keep expanding its position—regardless of how large the stack already looks.
