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Strategy acquired 4,871 $BTC after last week’s pause at the end of Q1. The mid-range acquisition still signaled demand for Strategy’s raises.
Strategy managed a mid-range addition of 4,871 $BTC, supported by raises via STRC and additional MSTR. The latest purchase is for an average price of $67,718, below the current market price that briefly managed to recover above $71,000.
Strategy has acquired 4,871 $BTC for ~$329.9 million at ~$67,718 per bitcoin. As of 4/5/2026, we hold 766,970 $BTC acquired for ~$58.02 billion at ~$75,644 per bitcoin. $MSTR $STRChttps://t.co/NcJj3FXYkg
— Strategy (@Strategy) April 6, 2026
The latest acquisition was hinted at by Michael Saylor’s tweet on Sunday, setting expectations for the buying streak to continue. Strategy’s playbook remains viable as $BTC trades in a tight range, still below the average acquisition price of $75,444 per $BTC.
Strategy used STRC raises to support latest $BTC purchase
For the latest purchase, Strategy raised $227.3M in STRC preferred shares. Those shares have been trading in the $99-$101 range since February, allowing Strategy to sell additional assets. STRC raises depend on the market price, and a price above a certain range means Strategy must issue new credit.
The company announced STRC will retain its $11.5% interest in the coming month. Usually, STRC raises are more active before the ex-dividend date. The next ex-dividend date is April 15, potentially increasing STRC buying interest.
STRC trading volume increased in the past two weeks, rising to $211M, up from a local low of $135M.
Strategy also sold $72M worth of MSTR common stock, which currently hovers at $119.73. For now, MSTR remains relatively stable, despite the ongoing dilution.
The latest purchase arrived after a recent social media stand-off between Saylor and Peter Schiff, based on Bitcoin’s poor performance compared to gold.
Strategy’s playbook still heavily depends on the conviction of $BTC expansion in the long term. Saylor has also added that $BTC may not move based on the old four-year cycle logic, but on the expansion of available credit.
Strategy already holds 3.5% of the $BTC supply, almost on par with the BlackRock ETF. Saylor has warned that $BTC has a long-term outlook, but may be at risk due to eventual protocol changes.
Metaplanet joins the search for credit inflows
Metaplanet has revived its playbook in 2026, after adding 5,000 $BTC in Q1.
The company has planned to acquire 100,000 $BTC by the end of the year, using its own version of credit placements.
At the same time, Strategy’s quarterly purchases were also close to 100,000 $BTC, despite more misgivings about $BTC treasuries. The companies may keep buying using available credit, despite the rush of miners and legacy treasury holders to sell some of their $BTC.
Strategy has over $22B in remaining STRC to issue, as well as $27B in newly authorized MSTR common stock, signaling its playbook aims to outlast the current bear market.