MicroStrategy Buys 13,927 BTC for $1B, Nears 800,000 Goal

MicroStrategy acquired 13,927 Bitcoin for about $1 billion between April 6 and April 12, according to an 8-K filing with the U.S. Securities and Exchange Commission filed Monday. The purchases raised the company’s total holdings to 780,897 BTC, roughly 19,103 BTC shy of an 800,000-Bitcoin target.

The filing shows the coins were bought at an average price of $71,902 per Bitcoin, below MicroStrategy’s overall average acquisition cost of $75,577. The new coins cost roughly $1 billion and increased the company’s cumulative Bitcoin balance, acquired at a total cost of $59.02 billion. MicroStrategy has purchased more than 107,000 Bitcoin so far this year.

MicroStrategy funded the purchases with proceeds from its perpetual preferred equity vehicle, STRC. The company sold 10 million STRC shares during the week, generating about $1 billion in notional value and net proceeds, the filing says. No sales were reported for STRF, STRK, STRD or MSTR equity during the period. STRC recorded its second-largest weekly issuance on record, nearly three times its four-week average, after the company amended its sales rules in early March.

Michael Saylor posted a chart on X over the weekend showing MicroStrategy’s Bitcoin purchase history, listing 105 acquisitions since 2020. The chart accompanied the company’s public disclosures and included no additional commentary.

MicroStrategy reported unrealized losses on its digital-asset holdings of $14.46 billion in the first quarter of 2026. During the same week that MicroStrategy added the latest coins, spot Bitcoin exchange-traded funds recorded roughly $786 million of inflows.

Crypto markets moved sharply around the purchases. Prices rose after a U.S.-Iran ceasefire announcement, with Bitcoin reclaiming $70,000 and briefly passing $73,000. Weekend negotiations stalled and a subsequent announcement of a naval blockade on April 13 corresponded with a pullback toward $71,000. Market participants connected the short-term volatility to the geopolitical developments and ETF inflows, and some expect erratic price swings to continue until the ceasefire deadline.

MicroStrategy is the largest publicly traded corporate holder of Bitcoin and has used equity and preferred instruments to fund its acquisitions. The recent purchases continued the company’s pattern of raising capital through preferred share sales to add Bitcoin to its balance sheet.