Strategy buys 13,927 Bitcoin for $1B, holdings near 800,000 BTC

Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin (BTC), added a large haul of Bitcoin to its stash last week, edging toward 800,000 BTC in total holdings.

Strategy acquired 13,927 Bitcoin for $1 billion between April 6 and 12, according to an 8-K filing with the US Securities and Exchange Commission on Monday.

The purchases were made at an average price of $71,902 per coin, marking another purchase below the company’s average acquisition price of $75,577.

Strategy now holds 780,897 BTC on its balance sheet, acquired for a total cost of $59.02 billion. The company has 19,103 BTC left to reach 800,000 BTC after buying more than 107,000 BTC so far this year.

Source: SEC

Purchases funded with Strategy’s STRC ATM

According to the filing, the $1 billion in purchases were funded via proceeds from Strategy’s perpetual preferred equity, Stretch (STRC).

The company sold 10 million STRC shares last week, generating around $1 billion in notional value and net proceeds. No shares were sold for STRF, STRK, STRD or MSTR stock during the period.

Source: SEC

According to STRC.live, STRC recorded its second-largest weekly issuance on record last week, nearly three times the four-week average. The equity has seen record share sales in recent weeks after Strategy amended its sales rules in early March.

Saylor teased the latest purchase in an X post on Sunday, sharing a chart of Strategy’s Bitcoin purchase history showing 105 acquisitions since 2020, a pattern often seen ahead of new BTC buys.