Saylor’s 8,000 BTC Buy

Michael Saylor’s Strategy said on April 13 that it bought 13,927 Bitcoin for about $1.00 billion, lifting its treasury to 780,897 coins. (sec.gov) The company’s purchase price was about $71,902 per Bitcoin, according to Strategy’s holdings page. That is materially larger than the “roughly 8,000 Bitcoin” figure circulating in some social posts. (strategy.com) Strategy had reported 766,970 Bitcoin a week earlier, after buying 4,871 coins on April 6. The April 13 update added another 13,927 coins in seven days. (strategy.com 1) (strategy.com 2) The move extends a buying program that has turned Strategy from a software company with a Bitcoin side bet into the largest public corporate holder of Bitcoin. Its disclosed holdings now stand just below 781,000 coins. (strategy.com) (sec.gov) Strategy has funded repeated Bitcoin purchases by selling securities, including common stock and several classes of preferred stock through at-the-market programs. The April 13 filing says the company updated investors on those sales alongside the new Bitcoin total. (sec.gov 1) (sec.gov 2) Bitcoin itself had been climbing into mid-April. Market summaries for the week ending April 13 showed Bitcoin rising from about $68,900 on April 6 to nearly $73,100 on April 11 before easing back toward $70,900 on April 12. (gsr.io) (fortune.com) That backdrop helps explain why Saylor’s buys keep drawing attention: each weekly filing lands into a market that now treats Strategy as a leveraged Bitcoin proxy as much as an operating company. Strategy’s Class A stock, traded under the ticker MSTR, remains listed on the Nasdaq Global Select Market. (sec.gov) Saylor has spent nearly six years building that playbook, starting with Strategy’s first Bitcoin purchases in 2020 and adding through rallies, crashes, and debt refinancings. The latest filing shows he is still buying size into strength rather than waiting for a pullback. (strategy.com 1) (strategy.com 2)