Michael Saylor, co-founder of strategic bitcoin (BTC) treasury company, signaled that the company is acquiring more BTC as the price has fallen from a local high of over $73,000 reached this week.
“Think Bigger” – Saylor he said on Sunday, sharing a chart of Strategy’s BTC purchase history that has become synonymous with upcoming BTC takeovers.
Strategy’s last BTC purchase was on April 6, when it purchased 4,871 coins for over $329.8 million, bringing its total holdings to 766,970 BTC, valued at approximately $54.5 billion at market prices at the time of publication. According to to the company.
The Tysons Corners, Virginia-based company continues to accumulate BTC even in the face of a bear market that has pushed the price of Bitcoin to a two-year low, causing Strategy’s BTC vault to sink.
Related: Strategy set to resume Bitcoin purchases via STRC: Will the BTC price reach 80k? dollars?
The strategy assumes unrealized losses of almost $14.5 billion
The average cost of acquiring BTC in the strategy is $75,644, which is almost $5,000 less than the market price at the time of writing.
According to a published report, the company recorded a loss of almost $14.5 billion on its BTC holdings in the first quarter of 2026. filing with the US Securities and Exchange Commission (SEC).
Despite unrealized losses, Strategy continues to accumulate BTC at a faster rate than miners can produce fresh coins, leading some analysts to predict a potential reduction in BTC supply.
In March, miners mined approximately 16,200 BTC, while Strategy accumulated 46,233 BTC during the same period, almost three times the newly mined supply.
“The global consensus is that BTC is digital capital. The four-year cycle is over. The price is now driven by capital flows. Bank and digital credit will determine Bitcoin’s growth trajectory,” Saylor he said in April.
Strategy’s reserves of 766,970 BTC make it the largest BTC treasury company in terms of holdings. Bitcoin Treasures. The next largest is owned by Twenty One Capital, which holds 43,514 BTC.
The strategy has bucked this trend during the ongoing bear market, continuing to accumulate while other BTC treasuries show signs of capitulation in a challenging business environment. MARA Holdings sold 15,133 Bitcoins for approximately $1.1 billion in March to repurchase $1 billion of zero-coupon convertible notes at a discount.
President and CEO Fred Thiel commented that the deal increased the company’s “financial flexibility” and increased its “strategic optionality” as MARA expands “beyond simple Bitcoin mining towards digital energy and AI/HPC infrastructure.”
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