Strategy Acquires 3,459 Additional Bitcoins, Expanding Holdings to Over 531,000 BTC

Strategy Acquires 3,459 Additional Bitcoins, Expanding Holdings to Over 531,000 BTC

Bitcoin treasury giant Strategy, previously known as MicroStrategy, has expanded its cryptocurrency portfolio once again, purchasing an additional 3,459 BTC for approximately $285.8 million between April 7 and April 13, according to a recent 8-K filing with the U.S. Securities and Exchange Commission. The acquisition was made at an average price of $82,618 per bitcoin.

Following the latest buy, Strategy’s total bitcoin holdings now stand at 531,644 BTC, currently valued at over $45 billion. The company has spent roughly $35.9 billion to accumulate this amount, with an average acquisition price of $67,556 per bitcoin, including fees and related expenses. This holding represents more than 2.5% of bitcoin’s fixed 21 million coin supply.

The purchases were funded through proceeds from the sale of 959,712 shares of Strategy’s class A common stock (MSTR), which generated approximately $285.7 million. As of April 13, the company still has $2.08 billion worth of MSTR shares available for issuance under its existing program. Strategy also retains $20.97 billion in authorized but unissued perpetual preferred stock (STRK), though no STRK shares were sold last week.

These strategic capital raises are part of the company’s ambitious “21/21 Plan,” which targets up to $42 billion in funding through a mix of equity and debt instruments for bitcoin acquisitions. In a nod to its acquisition strategy, co-founder and executive chairman Michael Saylor hinted at the latest move on social media, updating the firm’s bitcoin tracker with the message: “No tariffs on orange dots.”

Earlier in March, Strategy made headlines with the purchase of 22,048 BTC for $1.9 billion in cash at an average price of $86,969, bringing its holdings to 528,185 BTC before the latest round of buys. However, during the first week of April, the firm temporarily paused its buying spree and reported an unrealized Q1 loss of $5.91 billion on its bitcoin portfolio. The company had acquired 80,715 BTC in Q1 alone, spending around $7.66 billion at an average of $94,922 per coin.

Q1 2025 marked the weakest quarterly performance for bitcoin since 2018, with the cryptocurrency falling nearly 12%, according to data from The Block.

Despite this downturn, Strategy’s market capitalization remains strong at $79.9 billion, trading significantly above its bitcoin net asset value. Some investors have expressed concern about this premium and the firm’s aggressive accumulation strategy, but analysts at Bernstein remain optimistic. With debt levels under 13% and no obligations due until 2028, Bernstein predicts that Strategy’s bitcoin holdings could exceed 1 million BTC by 2033.

Strategy’s class A stock (MSTR) surged 10.2% on Friday to close at $299.98, marking a weekly gain of 15.3% amid broader market volatility fueled by renewed Trump-era tariff discussions. As of Monday pre-market trading, MSTR was up another 3.3%, according to TradingView. While MSTR saw massive gains of over 568% in 2024, its performance in 2025 has been more volatile, though recent gains have brought it close to breakeven year-to-date.