Strategy Buys 3,459 Bitcoin Worth $285.8 Million Amid Market Pullback

Highlights:

• Strategy bought 3,459 Bitcoin for $285.8 million using funds raised from selling MSTR shares last week.
• The company now holds 531,644 BTC worth over $45 billion at an average cost of $67,556 per coin.
• Strategy controls 2.5% of the Bitcoin supply and still has over $23 billion in capital for more purchases.

Strategy purchased 3,459 Bitcoin between April 7 and April 13, spending approximately $285.8 million at an average price of $82,618 per coin. The company disclosed the transaction in a filing with the SEC today. This latest acquisition comes after a one-week pause in activity. Strategy reported an unrealized loss of nearly $6 billion on its Bitcoin holdings during the period.

The purchase was funded using proceeds from the company’s Common ATM equity offering. Between April 7 and April 13, Strategy raised around $286 million by selling 959,712 shares of its Class A common stock, MSTR.

$MSTR has acquired 3,459 BTC for ~$285.8 million at ~$82,618 per bitcoin and has achieved BTC Yield of 11.4% YTD 2025. As of 4/13/2025, @Strategy holds 531,644 $BTC acquired for ~$35.92 billion at ~$67,556 per bitcoin. https://t.co/IUbf4TFD3d

— Michael Saylor (@saylor) April 14, 2025

Despite the downturn in the broader market, Strategy resumed its buying and increased its already large Bitcoin treasury. Before the purchase, Michael Saylor posted an update on X featuring the Bitcoin tracker of the company. The tracker typically signals a pending transaction.

No Tariffs on Orange Dots pic.twitter.com/Cg3bCVPMcM

— Michael Saylor (@saylor) April 13, 2025

Strategy had previously acquired 22,048 Bitcoin for around $1.9 billion between March 24 and March 30. The company made the purchase at an average price of $86,969. However, the company did not make any purchases during the first week of April as Bitcoin experienced its worst quarterly performance since 2018.

Company’s Total Bitcoin Holdings Now Valued at Over $45 Billion

Following the latest acquisition, Strategy now holds a total of 531,644 Bitcoin. The coins are currently valued at more than $45 billion. The company has spent about $35.9 billion in total to acquire these holdings, at an average cost of $67,556 per Bitcoin. The company’s Bitcoin position now shows unrealized gains of approximately $9 billion.

Strategy has confirmed that it still has significant capital available for future purchases. The company reported that it still holds over $2.08 billion worth of MSTR shares. The company did not sell any STRK shares last week. Both MSTR and STRK shares are part of Strategy’s broader capital strategy known as the “21/21 plan.” The plan aims to raise up to $42 billion through equity offerings and fixed-income securities to acquire more Bitcoin.

The company’s market cap remains strong and stands at $79.9 billion. This valuation has remained stable despite recent volatility linked to broader macroeconomic conditions.

Strategy Tightens Grip on Corporate BTC Market Share

Strategy’s total Bitcoin holdings now represent approximately 2.5% of the cryptocurrency’s capped 21 million supply. This figure solidifies its position as the largest publicly traded corporate holder of Bitcoin in the world. Other companies, including MARA Holdings, Riot Platforms, and Galaxy Digital Holdings, follow behind with smaller holdings.

Some investors have raised questions about Strategy’s premium-to-NAV valuation. However, the company’s financial structure remains unchanged. Strategy holds debt levels under 13% and has no repayments due until 2028. Analysts at brokerage firm Bernstein have projected that the company’s bitcoin holdings could grow to over 1 million coins by the end of 2033, based on its current strategy and available capital.

Bernstein analyst predicts Strategy’s Bitcoin holdings could double to 1M $BTC in a bull case scenario, and expects Bitcoin to hit $200,000 by the end of 2025, $500,000 by 2029, and $1 million by 2033. pic.twitter.com/LqJ7Bu6rCe

— cryptothedoggy (@cryptothedoggy) March 27, 2025

In a related development, Metaplanet, a Japanese investment firm often compared to Strategy, announced a $26 million Bitcoin acquisition today. This brings its total holdings to 4,525 Bitcoin, making it the largest public holder in Asia and the ninth-largest globally.