Strategy Continues to Accumulate, Nearing 4% of Total Supply
Strategy (formerly MicroStrategy) disclosed on April 27, 2026 that it acquired 3,273 Bitcoin for $255 million during the week ending April 26, at an average price of $77,906 per coin. The purchase was funded through its at-the-market (ATM) equity program by selling 1.45 million shares of Class A common stock. The Virginia-based business intelligence firm now holds a total of 818,334 Bitcoin, valued at approximately $63.7 billion at current market prices.
The company reported that its year-to-date Bitcoin Yield metric reached 9.6% as of 2026, up from 9.5% disclosed the prior week. This proprietary metric measures the percentage change in the ratio between Bitcoin holdings and assumed diluted shares outstanding, providing insight into the company's efficiency in acquiring Bitcoin relative to shareholder dilution. Strategy's cumulative Bitcoin position carries an average acquisition cost of $75,537 per coin, representing a total investment of $61.81 billion.
Controls Nearly 4% of Total Supply, Far Exceeding Other Public Companies
With 818,334 Bitcoin in its treasury, Strategy now owns approximately 3.9% of the cryptocurrency's fixed 21 million supply cap. This surpasses the holdings of BlackRock's iShares Bitcoin Trust (IBIT), which holds approximately 802,823 BTC. Strategy's Bitcoin reserves account for over 60% of all Bitcoin held by publicly traded companies worldwide, cementing its status as the dominant corporate holder of the digital asset.
The purchase represents the company's continued execution of its Bitcoin treasury strategy under executive chairman Michael Saylor, who has stated a goal of accumulating between 5% and 7% of the total Bitcoin supply. Current holdings are still 1.1 to 3.1 percentage points away from that target, implying the need to acquire an additional 231,000 to 651,000 Bitcoin.
Funding via ATM Stock Program, Total Capital-Raising Capacity of $42 Billion
The $255 million purchase was financed through Strategy's $21 billion Class A common stock ATM program, with no preferred stock issuance during the April 20-26 period. In March 2026, the company filed to establish dual $21 billion ATM programs for both MSTR common stock and STRC preferred stock, plus an additional $2.1 billion program for STRK preferred shares, providing the firm with $42 billion in total capital-raising capacity.
The common stock ATM program allows Strategy to sell shares into the market gradually without the need for traditional equity offerings, providing flexible funding for ongoing Bitcoin acquisitions. Strategy's Class A common stock (MSTR) traded at $172 at the time of writing, reflecting a year-to-date gain of approximately 12.55%. However, the shares have declined roughly 47.5% to 51% over the trailing 12-month period, underperforming Bitcoin's price movement during the same timeframe. The stock experienced consistent monthly losses from July through December 2025, including declines of 16.78% in August, 16.36% in October, and 34.26% in November. Despite the recent volatility, MSTR shares have delivered returns of approximately 134.9% over the past five years. Michael Saylor, Strategy's Founder & Executive Chairman, is speaking at The Bitcoin Conference later today and this week.