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Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends
The company bought nearly three times more bitcoin than miners produced in March and is signaling it isn’t done, even as its holdings remain billions underwater.
Apr 13, 2026, 5:01 a.m.
What to know:
- Michael Saylor signaled that Strategy is preparing another major bitcoin purchase, teasing it with a “think bigger” post that has preceded past acquisitions.
- Strategy now holds 766,970 bitcoin bought at an average price of $75,644, leaving it with about $14.5 billion in unrealized losses even as it continues to buy at a pace far exceeding new supply.
- The company is funding its accumulation through its STRC preferred equity product, which requires only about a 2.05 percent annual bitcoin return to cover dividends but could be vulnerable if prices stagnate or fall for an extended period.
The company has made 105 bitcoin purchases since it began accumulating in August 2020. Its most recent, on April 6, added 4,871 BTC for $329.8 million. Total holdings stand at 766,970 BTC acquired at a blended cost basis of $75,644, roughly $5,000 above the current market price and representing $14.5 billion in unrealized losses that Strategy disclosed in a first-quarter SEC filing.
The company is buying at a pace that dwarfs new supply. Strategy accumulated 46,233 BTC in March while miners produced approximately 16,200, meaning a single company absorbed nearly three times the bitcoin that the entire global mining network generated in the same period.
