Strategy Expands Bitcoin Treasury to 780,000 BTC via $1 Billion Equity Sale

Strategy has increased its Bitcoin reserves by 13,927 BTC, spending approximately $1 billion between April 6 and April 12. According to an SEC 8-K filing, the company acquired the assets at an average price of $71,902 per coin, which is below its overall average acquisition cost of $75,577. This latest acquisition brings the firm's total balance sheet holdings to 780,897 BTC, representing a total investment cost of $59.02 billion. The move underscores the company's aggressive accumulation strategy, having already purchased over 107,000 BTC in the current calendar year. The $1 billion purchase was financed through the sale of 10 million shares of Stretch (STRC), the company's perpetual preferred equity. This issuance marked the second-largest weekly sale of STRC on record, following a revision of sales rules in early March. The buying spree occurs despite significant accounting headwinds; Strategy reported unrealized losses of $14.46 billion on its digital assets for the first quarter of 2026. However, the firm's activity coincided with broader institutional interest, as spot Bitcoin ETFs saw inflows of $786 million over the same period. Market price action remained volatile due to geopolitical tensions. While a US-Iran ceasefire initially pushed Bitcoin above $73,000, the announcement of a naval blockade on April 13 triggered a sharp correction toward the $71,000 level. Analysts suggest erratic price movements may persist until the ceasefire deadline is resolved.