Strategy buys $1B Bitcoin via ATM, BTC holdings top 780K
Bitcoin treasury firm Strategy (Michael Saylor) disclosed it bought 13,927 Bitcoin from April 6–12 for about $1.00B, averaging ~$71,902 per BTC. After the purchase, Strategy’s total holdings rose to 780,897 BTC, with a disclosed cost basis near $59.02B—over 3.7% of Bitcoin’s eventual total supply.
New detail: Strategy did not use its MSTR Class A common-stock ATM. Instead, the $1B came from selling about 10M shares of its variable-rate STRC preferred stock through an ATM program; other preferred programs (STRF, STRK, STRD) showed no activity.
Strategy also reiterated a 5.6% “BTC Yield” year-to-date (2026) metric, tracking Bitcoin growth per diluted share.
For traders, this Bitcoin treasury bid can be a marginal support for spot sentiment, but the ATM-based funding channel (now via STRC rather than MSTR common) may link future equity volatility to buy pacing and valuation expectations.
Bullish
Strategy’s Bitcoin treasury purchase of ~$1B adds immediate demand expectations and supports bullish sentiment around BTC. The disclosed accumulation (13,927 BTC; total 780,897 BTC) reinforces the narrative that Strategy remains an ongoing large-scale buyer.
Short-term, ATM-driven funding can still create volatility, especially because this round is financed via STRC preferred stock rather than the MSTR common-stock ATM. That can amplify equity-market swings and potentially impact how traders price follow-through on future BTC buying.
Long-term, continued ability to source liquidity through preferred-stock ATMs strengthens Strategy’s capacity to keep buying through market cycles. Overall, the net effect on BTC price sentiment is more constructive than negative, so the expected impact is bullish.