Key Highlights
- Strategy acquired 13,927 BTC in a transaction valued at approximately $1 billion, paying an average of $71,902 per coin.
- Total bitcoin reserves reached 780,897 BTC following the April 12, 2026 acquisition.
- The transaction received financing through the sale of 10.03 million Stretch preferred shares generating $1.00 billion.
- Year-to-date bitcoin yield climbed to 5.6% following the acquisition.
- Cumulative bitcoin investment costs totaled approximately $59.02 billion with an average entry price of $75,577 per BTC.
Strategy returned to large-scale Bitcoin acquisitions following a one-week hiatus in its accumulation program. Recent regulatory filings revealed the company acquired 13,927 $BTC in a transaction worth approximately $1 billion. The acquisition brought Strategy’s total bitcoin reserves to 780,897 BTC as of April 12, 2026.
The company’s latest purchase averaged $71,902 per bitcoin. Cumulative spending on bitcoin acquisitions reached approximately $59.02 billion according to the filing.
Strategy’s average acquisition cost across all holdings measured $75,577 per coin on April 12. This figure remained above bitcoin’s market price at the time, indicating unrealized losses on the position.
Preferred Stock Offering Finances $1 Billion Bitcoin Acquisition
Strategy secured funding through its Variable Rate Series A Stretch preferred stock offering. The company sold 10.03 million shares generating $1.00 billion between April 6-12, 2026.
Net proceeds from the preferred stock offering totaled $1.00 billion. The company disclosed $21.64 billion in remaining capacity under its current at-the-market issuance program.
Strategy avoided selling shares from alternative preferred stock categories during this period. Other available classes include STRF, STRK, STRD, and the company’s Class A stock offering.
March 2026 saw Strategy announce additional $21 billion in planned offerings. These programs encompass both Stretch preferred stock and Class A common stock issuances.
Management indicated these offerings may commence after existing issuance capacity experiences substantial depletion. This structure provides Strategy with capital sources for continued bitcoin accumulation.
Transaction History, Executive Statements, and Performance Metrics
The billion-dollar acquisition came after Strategy’s previous 4,871 BTC purchase disclosed last week. That transaction required approximately $330 million based on company disclosures.
The preceding week marked an unusual pause with no bitcoin purchase announcement from the NASDAQ-listed firm. This represented the first week without acquisitions after months of continuous buying activity.
Michael Saylor teased the substantial transaction Sunday with a “think ₿igger” message online. He subsequently stated Strategy’s BTC breakeven ARR currently sits slightly above 2%.
Saylor explained, “If Bitcoin grows faster over time, we can cover dividends indefinitely.” He suggested this scenario could eliminate the need for issuing additional MSTR shares.
Strategy reported its year-to-date bitcoin yield increased to 5.6% following the latest acquisition. The company employs this metric to measure bitcoin accumulation per share.
MSTR shares have declined over 18% since 2026 began. This performance has generally mirrored bitcoin’s price trajectory during the same timeframe.
Strategy’s regulatory filing confirmed total bitcoin holdings of 780,897 BTC on April 12. Aggregate acquisition costs reached $59.02 billion.





