Michael Saylor hints at upcoming Bitcoin acquisition for Strategy
Since 2020, the firm has executed 105 Bitcoin purchases and maintains its contrarian stance through ongoing BTC accumulation funded by corporate debt and equity offerings
Strategy co-founder Michael Saylor has indicated that the Bitcoin (BTC) treasury firm is preparing to acquire additional BTC, following the cryptocurrency's pullback from its local peak above $73,000 earlier this week.
On Sunday, Saylor posted "Think bigger" while sharing Strategy's historical BTC acquisition chart—a visual that has become widely recognized as a precursor to new Bitcoin purchases by the company.
The company's latest Bitcoin acquisition occurred on April 6, purchasing 4,871 coins at a cost exceeding $329.8 million. This transaction elevated Strategy's cumulative holdings to 766,970 BTC, which represents approximately $54.5 billion in value based on current market pricing at publication time, the company disclosed.
The Virginia-based firm headquartered in Tysons Corners has maintained its BTC accumulation strategy throughout a bearish market cycle that drove Bitcoin prices to two-year nadirs, temporarily placing Strategy's Bitcoin treasury in negative territory.
Nearly $14.5 billion in unrealized losses weighs on Strategy's books
At an average acquisition price of $75,644 per BTC, Strategy's cost basis sits nearly $5,000 below current market valuations at the time of writing.
According to a regulatory filing submitted to the US Securities and Exchange Commission (SEC), the company disclosed unrealized losses approaching $14.5 billion on its Bitcoin position for the first quarter of 2026.
Notwithstanding these paper losses, Strategy has accelerated its BTC accumulation to levels that exceed the production capacity of Bitcoin miners, prompting certain market analysts to suggest a possible supply shortage scenario.
Throughout March, cryptocurrency miners generated approximately 16,200 BTC in newly minted coins, whereas Strategy amassed 46,233 BTC during the identical timeframe—representing nearly triple the freshly mined supply.
"The global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin's growth trajectory."
— Michael Saylor, April 2026
With its reserve of 766,970 BTC, Strategy stands as the largest Bitcoin treasury corporation measured by holdings, data from BitcoinTreasuries confirms. The second-largest position belongs to Twenty One Capital, holding 43,514 BTC.
Throughout the current bear market phase, Strategy has adopted a contrarian approach by sustaining its accumulation program while competing BTC treasury corporations demonstrate capitulation signals amid difficult market conditions. In March, MARA Holdings divested 15,133 Bitcoin for approximately $1.1 billion, deploying proceeds to repurchase $1 billion worth of zero-coupon convertible notes at discounted prices.
MARA's Chairman and CEO Fred Thiel noted that the move strengthened the organization's "financial flexibility" while expanding its "strategic optionality" as the company broadens operations "beyond pure-play Bitcoin mining into digital energy and AI/HPC infrastructure."