-
The firm bought more Bitcoin even as prices fell, showing strong conviction but also taking on short-term paper losses.
-
Funding came from stock sales and hybrid instruments, spreading risk instead of relying on one source.
-
Big Bitcoin bets can boost long-term hopes, but short-term swings keep investors on edge.
Strategy, led by Executive Chairman Michael Saylor, stepped up its Bitcoin buying last week, snapping up about $168 million worth of BTC despite a shaky market. The company added 2,486 more bitcoins to its stash, pushing its total holdings to 717,131 BTC.
That massive balance firmly places Strategy among the largest corporate Bitcoin owners in the world, showing it’s still fully committed to its long-term bet on the digital asset—even as prices move up and down.
The full position has cost Strategy $54.52 billion, translating to an average purchase price of $76,027 per coin. However, with bitcoin trading around $68,000, the holdings sit below the company’s cost basis, implying an unrealized loss of roughly $8,000 per bitcoin or $5.7 billion overall.
Besides the sheer scale of the purchase, Strategy continues to fund its acquisitions through multiple channels. Last week, $90.5 million came from common stock sales, while $78.4 million was raised via its STRC preferred series.
Consequently, the company maintains a balanced approach, combining equity issuance with hybrid digital credit instruments like STRF and STRC. Saylor highlighted in a statement Tuesday that Strategy views bitcoin as a long-term corporate reserve, adding, “We continue to build our bitcoin position as part of our broader treasury strategy.”
Market Influence and Public Company Bitcoin Holdings
Strategy accounted for more than 90% of net new public-company bitcoin purchases in January. Public firms now hold approximately 1.13 million BTC, with Strategy controlling nearly two-thirds. Moreover, the company’s aggressive approach has drawn attention from both proponents and skeptics.
Advocates praise its pioneering role in institutional bitcoin adoption. However, critics warn about the risks of leveraging corporate capital markets to boost exposure to a highly volatile asset.
Stock Performance Reflects Investor Caution
Strategy’s equity performance mirrors market sentiment. MSTR shares fell 3.2% in premarket trading Tuesday and have declined over 60% year-over-year. Nevertheless, last Friday’s 10% surge showed intermittent investor optimism.
Additionally, the current market dip highlights the challenges of maintaining large treasury allocations during volatile cycles, as Strategy’s average acquisition cost exceeds the current bitcoin price.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor: Bitcoin may already have bottomed out near $60k, and the risk from quantum computing is theoretical in nature
Gate News message, on April 9, Strategy Executive Chairman Michael Saylor said that Bitcoin may have already bottomed out around $60k, as forced sellers have been gradually exiting the market. Saylor also expressed a cautious view of the security threat posed by quantum computing, saying that the relevant risks are still at a “theoretical level,” and that he believes the issue can be properly addressed in the future without overreacting.
GateNews24m ago
Adam Back Refutes Being Mysterious Bitcoin Creator, Satoshi Nakamoto
The New York Times has named Adam Back as a potential candidate for Satoshi Nakamoto, the creator of Bitcoin, based on a year-long investigation. Back denies being Satoshi, and while evidence links him to Bitcoin's origins, claims remain speculative, continuing the debate on the implications of Nakamoto's anonymity.
BlockChainReporter31m ago
Cloudflare Targets 2029 for Quantum-Safe Internet as Threat to Bitcoin Looms
In brief
Cloudflare aims to make its platform fully post-quantum secure by 2029.
New quantum research is compressing security timelines across the tech industry.
The same cryptographic math protects internet
Decrypt1h ago
After a $2.4 million loss over the week, a mega whale opened a $30.2 million BTC short position with 40x leverage, with a liquidation price of $71,941
According to Gate News, after monitoring that 0x2fc “whale” suffered losses of over $2.4 million on April 9, it opened 423.4 BTC short positions with 40x leverage. The position size was about $30.2 million, with an average price of $71,113 and a liquidation price of $71,941; within less than half an hour, it was already down 11%.
GateNews1h ago
BTC up 0.49% in 15 minutes: Short squeeze and U.S. economic data jointly drive the market
From 2026-04-09 08:30 to 2026-04-09 08:45 (UTC), BTC surged quickly within the USDT 70979.6 to 71333.3 range. The 15-minute return was +0.49%, with a range (amplitude) of 0.50%. Near-term market volatility intensified, market attention increased significantly, the number of active on-chain addresses remained consistently above 120k, and daily trading volume exceeded $2.0 billion, reflecting rising user participation.
The main driving force behind this abnormal move was a large-scale liquidation of short positions in the futures market, with approximately $273 million in short funds being forced to liquidate during this period
GateNews2h ago
