MicroStrategy to buy more BTC

Michael Saylor signaled another Bitcoin purchase days after Strategy disclosed it had already added 4,871 more coins in early April. (sec.gov) In an April 6 filing, Strategy said it bought 4,871 Bitcoin between April 1 and April 5 for about $329.9 million, at an average price of $67,718 each. That brought the company’s holdings to 766,970 Bitcoin acquired for $58.02 billion, or about $75,644 per coin on average. (sec.gov) The company funded the latest buy with proceeds from selling securities under its at-the-market programs, not with operating cash from its software business. Strategy says that financing model is central to its treasury plan and to giving investors different ways to get Bitcoin exposure through its stock and preferred shares. (sec.gov, strategy.com) That is the basic setup behind the story: Strategy is a public company that uses stock and debt sales to buy Bitcoin and hold it on its balance sheet. The company now describes itself as “the world’s first and largest Bitcoin Treasury Company,” a sharper version of the identity it adopted when it rebranded from MicroStrategy to Strategy in February 2025. (strategy.com, businesswire.com) The timing is notable because Strategy had just reported a pause. In a March 30 filing, the company said it bought no Bitcoin and sold no shares during the week of March 23 through March 29, leaving holdings at 762,099 Bitcoin before the new April purchase. (sec.gov) It also came after a rough quarter on paper. In the same April 6 filing, Strategy said it recorded a $14.46 billion unrealized loss on digital assets for the first quarter of 2026, reflecting the gap between Bitcoin’s market value at March 31 and the company’s purchase cost. (sec.gov) Even with that loss, Strategy’s buying pace has stayed high. Its purchase log shows 105 reported Bitcoin acquisitions through April 6, 2026, including 88,000-plus coins added during the first quarter and early April. (strategy.com) Supporters treat the strategy as a long-term corporate bet on Bitcoin, and Saylor has reinforced that message publicly for years. Critics point to the company’s dependence on capital markets, the volatility of Bitcoin prices, and the risk that shareholders are effectively underwriting a leveraged crypto position inside a public stock. (strategy.com, sec.gov) The next hard datapoint will not be a social-media hint but another filing. Strategy has been updating investors through regular Securities and Exchange Commission reports that spell out exactly how many shares it sold, how much cash it raised, and how much Bitcoin it bought. (sec.gov, strategy.com)