Strategy (MSTR) Stock Climbs 3.9% After $330M Bitcoin Purchase Restarts Accumulation

Key Highlights

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Strategy acquired 4,871 Bitcoin for approximately $329.9M during the April 1–5 period, paying an average of $67,718 per token.
This acquisition marks the end of a two-week hiatus that interrupted the company’s 13-week consecutive purchasing pattern in 2026.
Strategy’s total Bitcoin portfolio has reached 766,970 coins, with an average acquisition cost of $75,644 per token.
First quarter 2026 results revealed a $14.46B unrealized loss on cryptocurrency holdings, partially offset by a $2.42B deferred tax benefit.
Bitcoin’s price stood near $69,589, representing a 3.4% increase in the day following Strategy’s disclosure.

Strategy has rekindled its Bitcoin accumulation strategy. The enterprise software company announced Monday that it added 4,871 Bitcoin to its treasury between April 1 and April 5, spending approximately $329.9 million at an average cost of $67,718 per token.

JUST IN: Michael Saylor’s @Strategy has announced the purchase of 4,871 $BTC for $329.9 million, reinforcing its continued commitment to Bitcoin. pic.twitter.com/UjK1daqX3b
— The Crypto Times (@CryptoTimes_io) April 6, 2026

This transaction concluded a fortnight-long purchasing hiatus that had interrupted Strategy’s 13-week consecutive buying pattern — marking the company’s first departure from its regular weekly acquisition schedule in 2026.

Executive Chairman Michael Saylor hinted at the impending purchase during the Easter holiday weekend. On April 3, he shared a post stating “It’s a Good Friday to buy Bitcoin.” Two days later on April 5, he published a graphic displaying previous acquisitions with the caption “Back to Work,” featuring the Bitcoin symbol replacing the letter “B.”

To finance this latest acquisition, Strategy utilized proceeds from equity sales. The company divested approximately 2.28 million shares of its variable rate Series A perpetual Stretch preferred stock (STRC), generating net proceeds of $227.3 million between March 30–31. Subsequently, it sold an additional 1.03 million Stretch preferred shares for $102.6 million during April 1–6. The company also liquidated 593,294 class A common shares, raising $72 million.

Significant Unrealized Losses Accumulate

Strategy’s cumulative Bitcoin position now totals 766,970 tokens, purchased at an average cost basis of $75,644 per coin. This average acquisition price sits considerably above Bitcoin’s current market valuation.

The company disclosed a $14.46 billion unrealized loss on its digital asset holdings for the first quarter of 2026. Accompanying this loss was a $2.42 billion deferred tax benefit associated with the depreciation.

Bitcoin has been trading substantially below its late-2025 peak levels. The cryptocurrency reached heights above $125,000 during that period. It has subsequently declined to approximately the $69,000 level, pressured by a broader technology sector downturn and market volatility stemming from military conflict in Iran.

As of this report, Bitcoin had appreciated 3.4% during the previous 24-hour period to reach $69,589.

MSTR’s Valuation Versus Bitcoin Holdings

Strategy’s market capitalization relative to its Bitcoin treasury — referred to as its multiple of net asset value, or mNAV — registered at 1.09 on Monday. This metric indicates the market is currently assigning Strategy a 9% premium above the underlying value of its cryptocurrency reserves.

Should mNAV decline below 1.0, it would signal that the market is valuing the enterprise at less than its Bitcoin holdings alone.

MSTR shares advanced 3.9% during Monday’s premarket trading session.