Michael Saylor, co-founder of MicroStrategy, signaled further Bitcoin acquisitions following a price retreat from recent highs. The company’s most recent purchase on April 6 added 4,871 BTC for over $329.8 million, bringing its total holdings to 766,970 Bitcoin. Despite reporting nearly $14.5 billion in unrealized losses on its BTC treasury in Q1 2026, MicroStrategy continues to accumulate Bitcoin at a pace that significantly outpaces new mining supply.
Michael Saylor, the co-founder of MicroStrategy, signaled that the company is acquiring more Bitcoin as its price retreated from a local high. He said “Think bigger” while sharing a chart of the company’s purchase history.
MicroStrategy’s most recent Bitcoin purchase was on April 6, when it bought 4,871 coins for more than $329.8 million. This brought its total holdings to 766,970 BTC, valued at about $54.5 billion at the time.
The company continues accumulating BTC even amid a bear market that pushed Bitcoin’s price to two-year lows. This put MicroStrategy’s Bitcoin treasury underwater for a period.
MicroStrategy’s average cost of acquisition per BTC is $75,644, nearly $5,000 less than a recent market price. The company reported a loss of nearly $14.5 billion on its BTC holdings for the first quarter of 2026.
Despite the unrealized losses, MicroStrategy continues to accumulate BTC at a faster rate than miners produce new coins. Miners produced about 16,200 BTC in March, while MicroStrategy accumulated 46,233 BTC during that same period.
Saylor said in April that “The global consensus is that BTC is digital capital. The four-year cycle is dead.” He stated price is now driven by capital flows and digital credit.
MicroStrategy’s 766,970 BTC reserve makes it the biggest Bitcoin treasury company by holdings, according to BitcoinTreasuries. The next largest is held by Twenty One Capital, which holds 43,514 BTC.
MicroStrategy has bucked the trend as other BTC treasury companies show signs of capitulation. MARA Holdings sold 15,133 Bitcoin in March for roughly $1.1 billion to buy back convertible notes.
Chairman and CEO Fred Thiel commented that the transaction enhanced the company’s financial flexibility. He said it increased strategic optionality as MARA expands beyond pure-play Bitcoin mining.
