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Michael Saylor’s Strategy is showing no signs of slowing its Bitcoin accumulation strategy. The company added nearly 14,000 Bitcoin to its balance sheet last week, bringing total holdings close to a symbolic milestone — even as geopolitical turbulence rattled crypto markets and the firm sits on billions in unrealized losses.
Another Week, Another Billion in Bitcoin
Strategy acquired 13,927 Bitcoin between April 6 and 12 at an average price of $71,902 per coin, according to a regulatory filing submitted to the US Securities and Exchange Commission on Monday. The $1 billion purchase was funded entirely through sales of the company’s perpetual preferred equity instrument, STRC — with no shares of MSTR, STRF, STRK, or STRD sold during the period.
The company offloaded 10 million STRC shares last week, generating roughly $1 billion in net proceeds. According to STRC.live, it was the second-largest weekly issuance of STRC on record — nearly triple the four-week average — driven in part by amended sales rules Strategy introduced in early March.
Strategy’s total Bitcoin holdings now stand at 780,897 BTC, acquired at a cumulative cost of $59.02 billion. The company is 19,103 BTC away from crossing the 800,000 BTC threshold.
Buying Below Cost — With Billions in Unrealized Losses
The latest purchases came in below Strategy’s overall average acquisition price of $75,577 per coin, a recurring dynamic as the company continues buying during price dips. However, the backdrop remains financially complex.
In the first quarter of 2026, Strategy reported $14.46 billion in unrealized losses on its digital asset holdings — a figure that underscores the risk embedded in its all-in Bitcoin strategy. Despite the paper losses, the company has continued deploying capital aggressively, having acquired more than 107,000 BTC so far this year alone.
Also Read: Iran Demands Bitcoin for Oil Passage—$3M Per Ship Shock
Markets Rally, Then Retreat, on Geopolitical Signals
Bitcoin’s price action last week was driven as much by global events as by institutional buying. Crypto markets surged early in the week following news of a US-Iran ceasefire announcement, with Bitcoin reclaiming the $70,000 level and briefly touching $73,000. Strategy’s buying was cited by Nomura’s Laser Digital as one of the key signals behind the move, alongside $786 million in inflows into spot Bitcoin ETFs over the same period.
But the momentum was short-lived. Weekend negotiations broke down, and a naval blockade announcement on April 13 sent Bitcoin pulling back toward $71,000. Laser Digital told Cointelegraph it expects continued price volatility until the ceasefire deadline.
The Road to 800,000 BTC
Strategy remains the world’s largest publicly traded corporate holder of Bitcoin by a wide margin. Its relentless accumulation — now funded through a growing suite of equity instruments — signals that Saylor has no intention of easing off, regardless of short-term price swings or macro headwinds. Whether the company reaches its next milestone before or after the ceasefire deadline could depend as much on diplomacy as it does on markets.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
