Strategy don restart to dey gather Bitcoin again, e buy 4,871 BTC via STRC, e target 1M BTC by 2026
Strategy don start to gather Bitcoin again after one week break, dem buy 4,871 BTC for about $329.9 million at average ~ $67,718 per coin (SEC Form 8-K file on April 6). The company report say dem no buy BTC from March 23–29, stop the 13-week buying streak.
This new buy push their holdings to 766,970 BTC, total cost about ~$58.02 billion and average cost basis about $75,644. With BTC trading near ~$67,300 in early April—under Strategy’s average cost—this purchase show say dem still dey support the treasury even when price dey below cost.
Funding dey linked to equity issuance (at-the-market) and expansion of perpetual preferred shares, including STRC ("Stretch"), wey get variable dividend rate of 11.50%. Strategy also talk plans to raise up to $42 billion to continue to accumulate. Separately, dem don previously disclose big paper loss on BTC in Q1 2026 (excluding operating costs), but executives still maintain the "Back to Work" tone and the target of 1 million BTC by end-2026.
For traders, the quick takeaway na new corporate BTC bid, but e come with leverage-linked drawdowns from preferred-share financing—so sentiment fit improve, but volatility fit still continue.
Neutral
Strategy don start to collect Bitcoin again, and dat na clear short-term supportive signal for BTC demand because dem add 4,871 BTC even though BTC dey trade below Strategy’s average cost basis. That fit tighten the perceived sell pressure and keep the “corporate bid” narrative active.
But the news no pure bullish: Strategy also show big paper loss for Q1 2026 wey dey linked to their BTC position, and the funding structure (perpetual preferred shares/STRC with variable dividends) introduce leverage-related drawdown risk. This fit cap upside and keep volatility even as purchases continue.
Overall, the immediate flow supportive, but the financing and drawdown backdrop make the net effect on BTC price more balanced than one-sided.