Michael Saylor (마이클 세일러), chairman of Strategy [Photo: Michael Saylor website]

Strategy’s bitcoin holdings were valued at $63.46 billion as of April 26, local time, a record high.

Blockchain outlet BeInCrypto reported on April 26 that Strategy holds 815,061 BTC through a total of 107 purchases. Its average purchase price is $75,528 per bitcoin.

Over the past week, the company’s bitcoin holdings rose by about $2.0 billion, to $63.46 billion from $61.56 billion. The increase reflected bitcoin’s price gains and signals from Strategy Chairman Michael Saylor (마이클 세일러) that the company may continue buying.

The record came just after Strategy made its most aggressive buying push in more than a year. The company spent about $2.54 billion last week to buy an additional 34,164 BTC. The average purchase price was $74,395, its biggest weekly purchase in 17 months.

The latest buying put Strategy’s bitcoin holdings ahead of asset manager BlackRock’s iShares Bitcoin Trust (IBIT). Among listed companies, it holds the most bitcoin. Excluding dormant wallets believed to belong to Satoshi Nakamoto, it is also considered the largest holder. Strategy holds about three-quarters of the bitcoin held as corporate treasury assets.

Its book gains also widened. At current spot prices, unrealised profit is about 3.08 percent, about $1.9 billion above its cumulative purchase cost. Saylor hinted on social media that the buying trend could continue.

Its funding structure is also drawing attention. Strategy funded its April purchases through capital market instruments rather than large-scale dilution of common stock. Company filings show it raised $2.18 billion by selling STRF, described as a perpetual preferred stock, and raised an additional $366 million through on-market sales of MSTR shares.

Saylor also said bitcoin yield since the start of 2026 is 9.5 percent. The company’s internal measure tracks how much the bitcoin held per share has increased for common shareholders. Strategy is using this metric to explain to shareholders the justification for additional fundraising and bitcoin purchases.

In the market, talk of the company potentially reaching 1 million BTC is resurfacing, based on Strategy’s monthly buying pace. Some forecasts say it could reach the goal by the end of 2026 if current capital market conditions hold.

Whether the current buying pace can be sustained depends on demand for its preferred stock products and bitcoin’s price trend. Economist Peter Schiff warned that Strategy’s preferred stock model could fall into a vicious cycle. He argued that maintaining STRC’s 11.5 percent yield would require either a further rise in bitcoin prices or continuous fundraising, which could lead to shareholder dilution.

Strategy already has 815,061 BTC on its balance sheet. With Saylor continuing to signal additional buying, market attention is shifting to how quickly the company can approach 1 million BTC while maintaining its current capital structure.

The ₿eat Goes On. pic.twitter.com/tBDs2z0b4z

Keyword

#Bitcoin #Strategy #BlackRock #iShares Bitcoin Trust #Michael Saylor
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