Michael Saylor’s Strategy resumed its Bitcoin buying spree last week, after reporting no purchases during the final week of March. This move comes despite the world’s largest publicly listed Bitcoin holder reporting an estimated $14.46 billion in unrealized losses on its BTC holdings for Q1 2026.
Strategy’s Bitcoin Stack Grows Again
According to an 8-K filing with the U.S. Securities and Exchange Commission on Monday, Strategy acquired 4,871 BTC for approximately $329.9 million last week.
The purchases were executed at an average price of $67,718 per Bitcoin, which is below the company’s overall average acquisition cost of $75,644. With this latest buy, Strategy now holds 766,970 BTC in total, accumulated at an aggregate cost of roughly $58.02 billion.
At Bitcoin’s current price of around $69,120, the total value of the position is estimated to be roughly $53 billion. Notably, with a total haul of 766,970 BTC, Strategy now controls roughly 3.8% of Bitcoin’s fixed supply of 21 million, solidifying its position as the largest corporate holder of the asset.
Last week’s purchases were primarily financed through $227 million raised from sales of the company’s STRC preferred stock, with the remaining $72 million sourced from sales of MSTR common stock.
 
Strategy Posts Massive Q1 Unrealized Loss
In addition to the acquisition update, Strategy also reported a $14.46 billion unrealized loss on its digital asset holdings for the first quarter, partially offset by a $2.42 billion deferred tax benefit.
Strategy stated that its Bitcoin stash is still valued below its acquisition cost, leading to the recognition of a deferred tax asset related to unrealized losses on its digital assets.
As of March 31, the company reported a $1.73 billion deferred tax asset associated with those unrealized losses, fully offset by an equal $1.73 billion valuation allowance.
“Because the fair value of Strategy’s Bitcoin holdings is below its cost basis, Strategy expects to establish an additional valuation allowance of $0.5 billion against these deferred tax assets,” the company wrote.
Despite the downturn, Strategy has maintained its accumulation strategy, acquiring about 54,000 BTC since early February. The company was particularly active in March, executing some of its largest weekly buys on record, with the month alone accounting for 41,362 BTC in net additions.
Overall, Strategy amassed 89,316 BTC during Q1 2026, deploying roughly $6.3 billion in total purchases.
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