Between April 7–13, Strategy added 3,459 Bitcoin to its treasury, spending approximately $285.8 million at an average purchase price of $82,618 per BTC. The news was revealed in a recent filing with the U.S. Securities and Exchange Commission (SEC).
Stock Sales Fuel the Purchase
To fund the acquisition, the company sold 959,712 shares of its Class A common stock (MSTR), raising about $285.7 million. Following the purchase, Strategy now holds 531,644 BTC, valued at more than $45 billion, with an average acquisition cost of $67,556 per coin (including fees and expenses).
As of April 13, Strategy still has $2.08 billion worth of MSTR shares available for sale and the potential to sell up to $20.97 billion in STRK shares. These sales are part of the company’s broader “21/21” initiative, which aims to raise $42 billion through stock and bond offerings to acquire more Bitcoin.
Saylor Drops a Hint
Before the SEC filing, Michael Saylor subtly hinted at the purchase with an update to Strategy’s Bitcoin tracker, stating: “No tariffs on orange dots.” Many in the community interpreted this as a sign of a fresh buy.
This isn’t Strategy’s only major acquisition this year. From March 24–30, the firm purchased 22,048 BTC for $1.9 billion. So far, it has spent $7.66 billion in 2025 to acquire 80,715 BTC.
Despite briefly pausing acquisitions due to a reported $5.91 billion in unrealized losses, Strategy appears to be back on the offensive—even amid Bitcoin’s recent 12% downturn, its worst drop since 2018.
Analyst Perspective and Stock Performance
While some investors remain cautious about MSTR trading at a premium to Bitcoin’s net asset value (NAV), analysts at Bernstein remain bullish. They highlighted the company’s low debt levels (below 13%) and lack of repayments due until 2028, giving Strategy room to keep accumulating BTC.
Bernstein even speculated that Strategy could eventually double its holdings to 1 million BTC by 2033.
On the market side, MSTR stock climbed 10.2% last week to $299.98, aided by market swings triggered by President Trump’s new tariffs. After a 568% surge in 2024 and a bumpy start to 2025, MSTR’s recent gains have nearly brought it back to breakeven for the year.#BTCRebound $BTC