Strategy Inc. (NASDAQ: MSTR), the corporate treasury platform formerly known as MicroStrategy, disclosed a major Bitcoin acquisition on April 20, 2026. The company purchased 34,164 Bitcoin at an average price of approximately $74,395 per coin, for a total consideration of $2.54 billion. This brings its total holdings to 815,061 BTC, reinforcing the trend of corporate treasuries allocating capital to digital assets.
Acquisition Details and Funding
Executive Chairman Michael Saylor teased the purchase with an orange dot on X (formerly Twitter) before the company filed an 8-K with the U.S. Securities and Exchange Commission. Saylor stated: “Strategy acquired 34,164 BTC at ~$74,395 for ~$2.54 billion. Year-to-date BTC yield stands at 9.5%. As of April 19, we hold 815,061 Bitcoin acquired for ~$61.56 billion at an average price of ~$75,527 per coin.”
The purchase was funded through the company’s at-the-market (ATM) equity issuance program. During the reporting period, Strategy raised $2.5423 billion via equity sales, including $2.1763 billion from 21,795,389 shares of STRC preferred stock and $366 million from 2,165,000 shares of Class A common stock. The filing also revealed remaining capacity of approximately $19.463 billion under the STRC program and $26.7297 billion under the common stock program, indicating ample dry powder for future acquisitions.
Balance Sheet and Key Metrics
Strategy’s dashboard provides a snapshot of its Bitcoin strategy: the Bitcoin portfolio is valued at approximately $58.756 billion; per-share Bitcoin holdings stand at 205,812 satoshis; the mNAV ratio (market value to net asset value) is 1.28; and the Bitcoin reference price is $75,242. The company carries $8.254 billion in debt with a net leverage ratio of 10%, reflecting a conservative financing structure. Its dividend coverage period based on Bitcoin holdings is estimated at 47.5 years, supported by annual dividend obligations of approximately $1.237 billion.
Following Saylor’s recent hint of “Think Bigger” on X, market participants anticipate further large-scale Bitcoin purchases. As the largest publicly traded Bitcoin holder, Strategy’s ability to tap capital markets for systematic accumulation continues to attract investor attention and underscore institutional demand for digital assets.