MicroStrategy's total Bitcoin reserve now stands at 780,897 BTC, representing 3.719% of the total supply. The company's overall average acquisition cost is $75,577 per BTC, while the current market value of the holdings is approximately $55.5 billion against a cumulative cost exceeding $59 billion. In the first quarter of 2026, the company reported $14.46 billion in latent losses on digital assets.
Between April 6 and 12, 2026, the company bought 13,927 BTC at an average price of $71,902 per BTC, totaling $1 billion. This purchase was funded by the sale of 10,028,363 STRC shares of perpetual preferred stock, which generated net proceeds of $1.0013 billion. No MSTR shares were sold during this period.
The acquisition reflects a strategy of buying on the dip, as the new tranche was purchased below the company's average acquisition price. This was the fourth largest week of purchases for the company this year.
MicroStrategy has built a financing mechanism dedicated to its expansion. The company maintains $49.1 billion in available equity capacity to buy more Bitcoin, consisting of $21.6 billion under the STRC program and $27.1 billion under the MSTR program.
Michael Saylorstablecoin US legislationDOL fiduciary rule ERISAcrypto money laundering enforcementcrypto IRS ruling
The Ledger Morning
The essential intelligence to start your trading day. Delivered 6:00 AM EST.
Join 50,000+ professionals who start their day with The Digital Ledger.