Michael Saylor’s company, MicroStrategy, purchased $1 billion worth of Bitcoin last week, adding 13,927 BTC to its corporate treasury. The firm’s total Bitcoin holdings now stand at 780,897 BTC, valued at approximately $59 billion in total cost. The purchases were funded entirely through sales of its STRC equity, marking a significant week for that instrument.
MicroStrategy solidified its position as the world’s largest public holder of Bitcoin with a major acquisition last week. The company purchased 13,927 Bitcoin for $1 billion between April 6 and 12, according to an SEC filing.
The Bitcoin was acquired at an average price of $71,902 per coin. This price is below the company’s average total acquisition cost of $75,577 per Bitcoin.
MicroStrategy now holds 780,897 BTC on its balance sheet. The company requires just 19,103 more Bitcoin to reach a total holding of 800,000 BTC.
The $1 billion in purchases were funded via proceeds from MicroStrategy’s perpetual preferred equity, Stretch (STRC). The company sold 10 million STRC shares, generating around $1 billion in net proceeds last week.
According to STRC.live, STRC recorded its second-largest weekly issuance on record. This activity was nearly three times the four-week average.
This aggressive Bitcoin buying continues despite the company reporting significant unrealized losses. MicroStrategy reported unrealized losses on digital assets of $14.46 billion for the first quarter of 2026.
Spot Bitcoin exchange-traded funds also saw significant activity last week. These ETFs recorded inflows of $786 million over the same period.
Crypto markets rallied early last week following a US-Iran ceasefire announcement. Bitcoin reclaimed $70,000 and briefly surged past $73,000, according to CoinGecko.
Nomura’s Laser Digital stated that MicroStrategy’s buying was among the key signals supporting the move. The firm cited strong inflows into Bitcoin ETFs and a recovery in US equities.
“However, the weekend talks didn’t go well — no agreement was made and the latest announcement of a naval blockade from April 13 triggered a sharp pullback towards $71,000,” Laser Digital said. The company expects erratic price movement to continue until the ceasefire deadline.
