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Strategy’s shares jumped more than 25% across five trading sessions. Bitcoin surged past $78,000. The company bought billions in cryptocurrency and sold preferred stock to keep the buying spree alive.
The rally came as Bitcoin hit $78,500, up 11.1% from last month and the highest price since February. Between April 13 and April 19, Strategy grabbed 34,164 BTC at an average price of $74,395 per coin. That’s roughly $2.54 billion. The purchase ranks as Strategy’s third-largest single buy and the biggest weekly haul since November 2024. Strategy now holds 815,061 BTC total, more than BlackRock. That makes it the largest corporate Bitcoin holder anywhere.
Preferred Stock Powers Latest Buy
Strategy sold $2.18 billion worth of STRC to fund the acquisition. STRC is the company’s Variable Rate Series A Perpetual Stretch Preferred Stock. Another $366 million came from MSTR Class A common stock sales. STRC accounted for 86% of the financing, which means Strategy didn’t dilute common shareholders much. On April 13, STRC trading volume hit a record $1.156 billion in a single day. Pretty wild.
The company also proposed changing STRC dividend payments to a semi-monthly schedule. The annualized rate stays at 11.50% for April 2026. That’s the first month without a rate hike after seven straight monthly increases. The move seems designed to boost liquidity and cut payment delays for income-focused shareholders.
Strategy bought $1 billion in Bitcoin just the week before. In early April, the company added 13,927 BTC to its stash. The buying hasn’t stopped, even though Bitcoin traded below Strategy’s average cost basis for much of the first quarter. By the end of Q1 2026, Strategy reported a $14.46 billion unrealized loss on digital assets. Ouch. But there’s a $2.42 billion deferred tax benefit that offsets some of the pain.
Aggressive Accumulation Campaign Continues
Strategy still has $19.46 billion in remaining STRC capacity as of April. The company also has $26.73 billion available under its MSTR common stock offering. That’s a lot of firepower left for more Bitcoin purchases.
Earlier in 2026, Strategy secured 22,337 BTC for $1.57 billion in March. On March 23, it bought another 1,031 BTC. The company kept buying even when Bitcoin prices dropped below what it paid on average. That kind of commitment shows real confidence in Bitcoin’s long-term value, or maybe stubbornness. Hard to say.
The latest 34,164 BTC purchase was the largest weekly addition to Strategy’s digital asset holdings since November 2024. This aggressive buying spree pushed Strategy’s total Bitcoin holdings way past BlackRock’s spot Bitcoin ETF products. No other corporation holds anywhere near this much Bitcoin. Strategy’s reliance on cryptocurrency as a core asset is pretty much unmatched in the corporate world.
By pivoting to STRC for funding instead of diluting common equity, Strategy protected existing shareholders while still expanding its Bitcoin treasury. The company’s financial maneuvers get complex fast. There’s the unrealized loss, the deferred tax benefit, the preferred stock sales, and the common stock offerings all happening at once. It’s a juggling act.
Bitcoin’s price jump to $78,500 helped Strategy’s stock rally. When Bitcoin goes up, Strategy’s shares tend to follow. The company’s massive holdings mean its stock price moves with cryptocurrency markets more than traditional corporate fundamentals. Investors basically treat Strategy as a leveraged Bitcoin play.
The company’s dedication to accumulating Bitcoin hasn’t wavered despite market volatility. Strategy bought aggressively in March when prices were lower. It kept buying in April as prices climbed. The strategy seems simple: buy Bitcoin no matter what the price is doing. Whether that works long-term remains to be seen.
Strategy’s total Bitcoin holdings of 815,061 BTC represent a massive bet on cryptocurrency’s future. The company has positioned itself as the dominant corporate player in the Bitcoin market. No other publicly traded company comes close to this level of exposure. Strategy’s approach is bold, risky, and unlike anything most corporations attempt.
The $2.54 billion purchase in mid-April shows Strategy isn’t slowing down. With billions still available for future acquisitions through STRC and MSTR offerings, more buying seems likely. The company’s appetite for Bitcoin appears unlimited.
Frequently Asked Questions
How much Bitcoin did Strategy buy in mid-April 2026?
Strategy purchased 34,164 BTC between April 13 and April 19, 2026, spending approximately $2.54 billion at an average price of $74,395 per coin.
How did Strategy fund its latest Bitcoin purchase?
The company raised $2.18 billion through STRC preferred stock sales and $366 million from MSTR Class A common stock, with STRC accounting for 86% of the total financing.
How much Bitcoin does Strategy hold now?
Strategy’s total Bitcoin holdings stand at 815,061 BTC as of April 2026, making it the largest corporate Bitcoin holder, surpassing even BlackRock’s spot Bitcoin ETF products.
