MicroStrategy Buys Another 3,459 BTC for $285M — Total Holdings Surpass 770,000 BTC

MicroStrategy (now rebranded as Strategy) disclosed another aggressive Bitcoin purchase this week: 3,459 BTC acquired between April 7–11, 2026, at an average price of approximately $82,400 per coin, totaling $285 million. This brings Strategy's total Bitcoin holdings to 770,429 BTC — acquired at a cumulative cost of roughly $58.3 billion with a blended average acquisition price of $75,680. Despite BTC trading below Strategy's average cost basis, the company shows zero indication of slowing its accumulation. CEO Michael Saylor reiterated on CNBC that Strategy views every price below $100,000 as an "extraordinary opportunity" given Bitcoin's post-halving supply dynamics. To fund these purchases, Strategy has been actively issuing Stretch (STRC) preferred stock at 11.5% variable dividend yield — a financing mechanism that has attracted significant institutional interest. The company now holds approximately 3.65% of all Bitcoin that will ever exist. Analysts note that Strategy's consistent buying at any price creates a natural price floor during market selloffs, as institutional investors know Strategy will absorb supply. The next earnings call on May 7 will reveal Q1 2026 results, which are expected to show a significant unrealized loss given BTC's price level versus their average cost.