06.04.2026 13:49
## Strategy Inc. Significantly Increases Bitcoin Holdings, Despite Ongoing Losses
Strategy Inc. (MSTR) has further solidified its position in the cryptocurrency market by acquiring an additional 4,871 Bitcoin in early April, valued at approximately $329.9 million. This strategic move underscores the company’s persistent commitment to its long-term balance-sheet strategy, even in the face of substantial unrealized losses on its digital asset investments. The firm detailed these purchases between April 1st and April 5th, securing the Bitcoin at an average price of $67,718 per coin.
With this latest accumulation, Strategy’s total Bitcoin holdings have reached an impressive 766,970 units. The company’s investment in Bitcoin has amounted to roughly $58.02 billion, with an average acquisition cost of $75,644 per Bitcoin. Currently, the market value of these holdings sits near $69,500 per Bitcoin, indicating that the company remains “underwater” on its overall Bitcoin portfolio, a common scenario for firms heavily invested in cryptocurrencies.
To finance this expansion, Strategy leveraged its at-the-market equity programs. In late March, the company successfully raised approximately $227.3 million through the sale of its variable-rate Series A perpetual Stretch preferred stock (STRC). This was followed by an additional $102.6 million in early April, with further proceeds generated from the sale of Class A common shares during the same period.
The STRC plays a crucial role in Strategy's capital raising strategy. This variable-rate Series A perpetual preferred stock is designed to trade near a $100 par value and offers a high, adjustable monthly dividend. It functions as a bridge between traditional investors seeking income and the company’s Bitcoin-heavy assets, effectively converting Bitcoin exposure into a more stable, yield-oriented investment vehicle. This allows Strategy to tap into fixed-income markets for capital and deploy it towards further Bitcoin acquisitions, a strategy that has been central to the company's operations in recent years.
Despite the recent expansion, Strategy has reported significant unrealized losses related to its digital asset holdings. For the first quarter ending March 31, 2026, the company recorded a substantial $14.46 billion in unrealized losses. However, this loss was partially mitigated by a $2.42 billion deferred tax benefit. The company’s carrying value of its digital assets stands at a noteworthy figure, highlighting the ongoing financial impact of market fluctuations in the cryptocurrency space.
