MicroStrategy (now Strategy Inc.), the largest corporate holder of bitcoin, has struck again. An 8-K filing with the SEC on April 27 reveals the company bought an additional 3,273 BTC over the past week, funded entirely by its ATM stock issuance program. As of April 26, total bitcoin holdings reached 818,334 BTC, representing nearly 3.9% of the total 21 million supply.
ATM Program Funds $255M Raise
Between April 20 and 26, Strategy sold 1,451,601 shares of Class A common stock (ticker MSTR), netting about $255 million after commissions and fees. Since announcing a $21 billion shelf offering last year, the company has tapped this facility regularly. As of April 26, the remaining authorized capacity stood at around $19.46 billion, leaving ample dry powder for future purchases.
Updated Treasury: $61.8B Cost Basis, Average Price $75,537
Sticking to its practice of converting capital into bitcoin immediately, Strategy deployed the $255 million to acquire 3,273 BTC at an average price of roughly $77,910. Total accumulated cost now reaches $61.81 billion, with an average cost per bitcoin of $75,537. Beyond common stock, the company also issues preferred shares (such as STRF and STRC) on Nasdaq to support its long-term bitcoin strategy.
Institutional Confidence Signal With Billions Left to Deploy
The relentless accumulation has pushed Strategy's average cost above $75,000. While the treasury model draws criticism, the remaining ~$19.5 billion in ATM authorization provides a psychological floor for bitcoin prices. Analysts view Strategy's buying pattern as a leading indicator of institutional conviction. As long as financing channels remain open, the buying spree is unlikely to stop, accelerating bitcoin's adoption as a global reserve asset.