Michael Saylor’s Strategy has further expanded its massive digital asset treasury, acquiring 4,871 bitcoin over the past week. According to a regulatory filing released Monday, the enterprise software firm spent approximately $329.9 million on the purchase, at an average price of roughly $67,718 per coin. This latest acquisition reinforces the company’s aggressive “Bitcoin Standard” strategy, even as market volatility continues to test its balance sheet.
The recent buy brings Strategy’s total holdings to a staggering 766,970 BTC. To date, the company has invested a total of $58.02 billion into the cryptocurrency, resulting in an all-in average cost basis of $75,644 per token. With bitcoin currently trading near $69,120, the company’s entire position remains “underwater” by approximately 8%. This price discrepancy represents roughly $5 billion in unrealized paper losses, though the firm has historically maintained a long-term outlook regardless of short-term price fluctuations.
To fund this latest round of accumulation, Strategy utilized a mix of equity sales. The company raised $227.3 million through the sale of its STRC preferred stock, while the remaining $72 million was generated from the sale of common stock. This financing model has become a hallmark of Saylor’s approach, effectively using traditional capital markets to leverage the company’s position in the digital asset space.
The firm’s influence on the market remains significant. A recent report from CryptoQuant noted that Strategy accumulated roughly 44,000 BTC through late March, positioning it as one of the only two institutional channels absorbing supply at such a massive scale. The other primary driver of demand remains the spot ETFs, which purchased approximately 50,000 BTC over the same period. With its current stash, Strategy now controls roughly 3.8% of bitcoin’s total circulating supply of 20.01 million coins, maintaining its status as the world’s largest corporate holder of the asset.
