Strategy Inc. (MSTR) has once again expanded its Bitcoin holdings, announcing the purchase of 3,273 Bitcoins for approximately $255 million. According to a recent SEC filing, the purchase was made during the week of April 20-26, 2026, at an average price of $77,906 per Bitcoin, including fees and expenses. This latest acquisition brings Strategy's total Bitcoin stash to 818,334 BTC.
The company funded this purchase through the sale of 1.45 million shares of its Class A common stock via its "at-the-market" (ATM) offering program. This strategy of leveraging equity to acquire more Bitcoin is a cornerstone of MicroStrategy's approach, driven by Executive Chairman Michael Saylor's bullish outlook on the cryptocurrency. Strategy's total Bitcoin holdings are now valued at approximately $63.7 billion, with an average purchase price of $75,537 per Bitcoin.
With its massive Bitcoin treasury, Strategy now controls nearly 4% of the cryptocurrency's total supply, exceeding the holdings of even major players like BlackRock's iShares Bitcoin Trust. This dominance has led to Strategy's securities being viewed as a Bitcoin proxy, offering investors exposure to Bitcoin's price movements without directly holding the asset. Analysts are closely watching Strategy's accumulation strategy, with some projecting the company could reach 1.2 million BTC by the end of 2026.
Despite some analysts raising concerns about potential risks, Strategy's commitment to Bitcoin remains steadfast. The company's "Bitcoin Yield" metric, which measures the growth in BTC per share for common shareholders, reached 9.6% year-to-date, reinforcing the company's case for continuing its Bitcoin-focused strategy. As Strategy continues to amass Bitcoin, its stock price will likely remain closely tied to the cryptocurrency's performance, offering both significant opportunities and potential risks for investors.
