Strategy expanded its Bitcoin position again after buying 34,164 BTC for $2.54 billion between April 13 and April 19. The purchase lifted the company’s total holdings to 815,061 BTC and kept it far ahead of other public companies in Bitcoin ownership.
The company said it paid an average of $74,395 per coin in the latest transaction. That price remained below its overall average purchase price of $75,527 per Bitcoin. The update came through an 8-K filing submitted to the US Securities and Exchange Commission on Monday.
Michael Saylor’s Strategy said the latest purchase ranked as its third-largest Bitcoin acquisition by coin count. Only two buys from November 2024 were larger, with 55,500 BTC and 51,780 BTC purchased during that period.
The new purchase followed another large acquisition announced a week earlier, when the company disclosed a roughly $1 billion Bitcoin buy. After that earlier transaction, Strategy held about 780,897 BTC. The latest addition pushed the total to 815,061 BTC acquired for $61.56 billion.
Strategy remains the largest public holder of Bitcoin by a wide margin. The company has continued to add to its position even as the size of each purchase draws closer attention from investors and market watchers. Saylor had also signaled another large purchase ahead of the filing through a social media post on Sunday.
The company stated that the latest Bitcoin was bought at a price slightly below its cumulative average cost. This left its overall acquisition price at $75,527 per coin across all holdings. The filing gave investors an updated view of both the company’s scale and its latest funding activity.
Strategy said most of the funds for the new Bitcoin purchase came from STRC, its perpetual preferred security. According to the filing, STRC generated about $2.18 billion, which accounted for roughly 85.7% of the total proceeds used for the acquisition.
Sales of Class A common stock, listed as MSTR, added another $366 million. The company has recently relied on a mix of preferred securities and equity sales to fund Bitcoin purchases, and the latest filing showed that STRC remained the main source for this round.
Chief Executive Officer Phong Le also spoke about the company’s dividend plans for STRC. He said, “If we were to move forward with paying STRC semi-monthly, we would be in category one, the only preferred in the world that pays semi-monthly dividends. We think this is unique and attractive.”
This comment followed Strategy’s disclosure on Friday that it planned to pay STRC dividends twice each month. The company presented the approach as part of its broader capital strategy, which continues to support ongoing Bitcoin accumulation.
Strategy’s stock slipped after the announcement, even as the company reported a new milestone in its Bitcoin holdings. The market reaction came as investors assessed the company’s continued use of capital market tools tied to its Bitcoin strategy.
The filing also pointed to record activity in STRC’s at-the-market program. On April 13, STRC posted an estimated daily record tied to about 7,741 BTC after the sale of 11.9 million shares, which generated more than $1 billion in trading volume.
The next day, STRC set another estimated record tied to about 9,364 BTC after the sale of 14.4 million shares. Combined, those two days represented an estimated 17,204 BTC and marked a 518% jump from the prior four-week average, according to STRC Live.
As a result, the latest purchase showed how quickly Strategy can raise funds and deploy them into Bitcoin. At the same time, the stock move showed that investors continue to track how the company finances this growth while expanding its already large Bitcoin position.
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