The Bitcoin
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Investment company Strategy (formerly MicroStrategy) announced the purchase of 3,459 BTC between April 7 and April 13 at an average price of $82,618. According to the 8-K form submitted to the U.S. Securities and Exchange Commission (SEC), this acquisition cost approximately $258.8 million. Co-founder and chairman Michael Saylor stated that with this latest purchase, the total BTC holdings have increased to 531,644, meaning Strategy now controls more than 2.5% of Bitcoin’s total supply.
Strategy’s Bitcoin Strategy Continues Full Throttle
The recent Bitcoin acquisition was financed by approximately $285.7 million generated from the sale of 959,712 MSTR shares that took place last week. The company still holds permission to sell MSTR shares valued at $2.08 billion. However, no sales occurred for STRK shares last week, maintaining a total issuance capacity of $20.97 billion.
Strategy’s Latest Bitcoin Acquisition
These developments are part of Strategy’s capital increase plan titled “21/21.” The plan targets Bitcoin acquisition through a total of $42 billion in share and bond issuance. Over the weekend, Saylor signaled new purchasing intentions with the phrase, “There are no tariff barriers for orange dots.”
Despite Vast Holdings, Company Faces Losses
In the last week of March, the company made another large acquisition of 22,048 BTC, spending approximately $1.9 billion. However, purchases were paused in the first week of April. In the first quarter of the year, Strategy spent a total of $7.66 billion acquiring 80,715 BTC, reporting an unrealized loss of about $5.91 billion during this period, coinciding with a 12% quarterly decline in Bitcoin, marking the worst performance since 2018.
Despite this, the company’s market value, at $79.9 billion, trades at a significant premium over the net value of its Bitcoin holdings. This discrepancy occasionally sparks discussions among market participants, while research firm Bernstein highlights that the company’s debt burden is below 13%, with debt repayments not starting until 2028, forecasting that Strategy could increase its BTC holdings to 1 million by 2033.
Last week, the company’s MSTR stock gained 10.2%, rising to $299.98. Throughout the week, the shares provided a return of 15.3%, standing out positively amid the Trump administration’s tariff decisions. While MSTR started 2025 weakly, its performance last week brought it back to breakeven for the year, showing a 568% rise in 2024.
