MicroStrategy resumed its Bitcoin accumulation last week, purchasing 4,871 BTC for approximately $330 million. The company disclosed an unrealized loss of $14.46 billion on its digital assets in Q1 2026 and established new valuation allowances against deferred tax assets. It also updated its equity offerings, selling millions of shares to raise capital.
MicroStrategy, the world’s largest publicly listed holder of Bitcoin, resumed buying BTC last week after reporting no purchases in the final week of March. The company acquired 4,871 Bitcoin for approximately $330 million, according to an SEC filing.
The purchases were made at an average price of approximately $67,718 per coin. This brings MicroStrategy’s total holdings to 766,970 BTC, acquired for a total cost of around $58 billion.
In its first-quarter financial results, the company reported a $14.46 billion unrealized loss on digital assets and a $2.42 billion deferred tax benefit. “Because the fair value of MicroStrategy’s Bitcoin holdings is below its cost basis, MicroStrategy expects to establish an additional valuation allowance of $0.5 billion against these deferred tax assets,” the company stated.
Bitcoin fell below MicroStrategy’s average purchase price in early February. Despite the decline, the company has continued accumulating Bitcoin, buying roughly 54,000 BTC since February 2.
Total Bitcoin purchases in Q1 2026 reached 89,316 BTC, with an aggregate spend of approximately $6.3 billion. MicroStrategy was especially aggressive in March, making some of its largest weekly purchases on record.
The company mentioned it is updating its at-the-market program, including a new $21 billion offering of Stretch (STRC) stock and a new $21 billion offering of Common A (MSTR) stock. It also terminated its prior Strike (STRK) stock offering and launched a new $2.1 billion STRK stock offering.
Sales under the STRC and MSTR increases may begin once the existing capacity is substantially used. During March 30–31, MicroStrategy sold approximately 2.28 million shares of STRC and 582,550 shares of MSTR, generating about $299.3 million in net proceeds.
