MicroStrategy’s Bitcoin Holdings Hit $63.46 Billion Record

Strategy’s Bitcoin (BTC) treasury climbed to a record $63.46 billion as of April 26, with the company holding 815,061 BTC across 107 purchase events at an average cost of $75,528 per coin.

The treasury has gained nearly $2 billion over the past week, rising from $61.56 billion as Bitcoin extended its rally and Executive Chairman Michael Saylor signaled continued accumulation.

Strategy Cements Position as Largest Corporate Bitcoin Holder

The new high follows the firm’s most aggressive month of buying in well over a year. Strategy added 34,164 BTC for roughly $2.54 billion last week at an average price of $74,395 per coin, its largest single-week purchase in 17 months.

That acquisition vaulted the company past BlackRock’s iShares Bitcoin Trust as the largest publicly disclosed Bitcoin holder, second only to the dormant wallets attributed to Satoshi Nakamoto. Strategy now controls roughly three-quarters of all Bitcoin held by corporate treasury vehicles.

The firm’s cost basis sits at $75,528, and current spot prices place its unrealized gain at 3.08%, or $1.9 billion above what it has paid for its stack to date.

April Purchase Marks 17-Month Buying Peak

The April buying spree was financed through a mix of capital instruments rather than through dilutive common stock issuance. Strategy raised $2.18 billion through the sale of STRF perpetual preferred equity and added $366 million from at-the-market sales of MSTR shares, according to company filings.

Saylor has also pointed to a 9.5% Bitcoin yield year-to-date in 2026, the firm’s internal metric for measuring how much its BTC-per-share ratio has grown for common shareholders. That figure forms the core of MicroStrategy’s case to equity holders for continuing to issue capital to buy the asset.

The company’s monthly buying pace has put a one million BTC target back into analyst conversations, with some projections placing the milestone within reach by late 2026 if current capital market conditions hold.

Saylor Signals Continued Bitcoin Buying

Critics like Peter Schiff have warned of a potential “death spiral” in Strategy’s preferred equity model, arguing that sustaining the 11.5% yield on STRC requires either stronger Bitcoin performance or continuous capital raises that could dilute shareholders.

However, Saylor’s posture suggests the buying cadence will not slow. Bitcoin’s broader rally into April has been uneven, with profit-taking around the $76,000 level capping earlier breakout attempts. The

Whether Strategy can sustain its current pace will depend on demand for STRF and other preferred instruments, and on Bitcoin staying above the firm’s blended cost basis.

With 815,061 BTC already on the balance sheet and Saylor signaling more buying ahead, the next test is how quickly the company can close the gap to its rumored seven-figure target without straining the capital structure that has made the strategy work so far.

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