Strategy Resumes Aggressive Bitcoin Buying With $330 Million Treasury Purchase

Strategy Inc. (NASDAQ: MSTR) has restarted its Bitcoin accumulation, disclosing the purchase of 4,871 BTC between April 1 and April 5 for about 329.9 million dollars at an average price of 67,718 dollars per coin. The move ends a brief one‑week pause following a 13‑week buying streak in which the company acquired more than 90,000 BTC for its corporate treasury.

Bitcoin stash nears 767,000 BTC

After the latest transactions, Strategy now holds 766,970 BTC, acquired for a total of roughly 58.02 billion dollars at an average cost of 75,644 dollars per Bitcoin. At recent prices near 69,500 dollars, the position is valued around 53–53.5 billion dollars, leaving the company still in an unrealized loss position on a mark‑to‑market basis.

Funded via preferred (STRC) and common equity

To finance the new purchases, Strategy sold approximately 1.03 million shares of its variable‑rate preferred stock STRC, raising about 102.6 million dollars, and 593,294 shares of MSTR common stock for 72 million dollars in net proceeds over the same April 1–5 window. The company has also been issuing larger amounts of STRC and common equity in recent weeks, using capital markets as a recurring source of funds to expand its Bitcoin holdings.

Investor angle for MSTR

For MSTR shareholders, the latest 330‑million‑dollar buy underscores management’s conviction in Bitcoin as a core treasury asset but also reinforces the stock’s leveraged exposure to BTC price swings. The bullish case is that continued disciplined accumulation ahead of a potential new Bitcoin cycle could produce outsized equity upside; the bear case centers on persistent dilution from ongoing equity and preferred issuance and the risk that Bitcoin remains below Strategy’s average cost basis for an extended period.