Michael Saylor’s company, Strategy, recently announced that it bought 3,459 Bitcoin between April 7 and 13, spending an average of $82.618 million. This new purchase increases the company’s total Bitcoin holdings to 531,644 BTC, which is worth nearly $45 billion at current market prices.
The company funded this Bitcoin buy using money raised from selling shares in its Common ATM equity offering. During the same period, Strategy sold 959,712 shares of MSTR, earning about $286 million in net proceeds. As of April 13, the company still has over $2.08 billion in MSTR shares and nearly $21 billion in STRK shares that it can sell in the future.
This latest Bitcoin purchase comes after a week-long pause, during which the company reported an unrealized loss of almost $6 billion in its Bitcoin investments. Despite this loss and the recent downturn in the market, Saylor has shown no signs of wanting to sell any of the Bitcoin. He even shared the company’s portfolio tracker on social media, which often hints at upcoming purchases.
Currently, Strategy’s Bitcoin holdings still reflect about $9 billion in unrealized gains, as Bitcoin is trading above $84,500 at the time of the report. This purchase reinforces Strategy’s status as the largest corporate holder of Bitcoin, controlling around 2.5% of the total Bitcoin supply. Other companies like MARA Holdings, Riot Platforms, and Galaxy Digital Holdings follow behind in Bitcoin holdings.
