Overview
- An SEC filing Monday detailed the purchase of 13,927 BTC between April 6 and 12 at an average price of $71,902, bringing the total outlay to about $1.0 billion.
- The buy was funded entirely by roughly 10 million STRC preferred shares sold for about $1.0 billion in net proceeds, and STRC is a variable‑rate, monthly paying preferred designed to trade near $100.
- Strategy’s stack now totals 780,897 BTC acquired for $59.02 billion at an average cost of $75,577 per coin, and the company reported about $14.46 billion in first‑quarter unrealized losses.
- MSTR shares fell more than 2.5% in pre‑market trading after the filing, as the firm underscores a roughly 2.05% annual bitcoin return as the breakeven rate to cover preferred dividends.
- The latest purchase leaves the company fewer than 20,000 coins from the 800,000 mark and, by some estimates, within reach of BlackRock’s spot bitcoin ETF holdings, reflecting its outsized role in market supply.