MSTR Bitcoin Purchases Push Holdings Past BlackRock
MSTR bitcoin purchases in mid-April pushed Strategy Inc. past BlackRock as the largest corporate bitcoin holder and helped underpin a crypto-sector rally.
KEY TAKEAWAYS
- Between April 13 and April 19, 2026, the company purchased 34,164 BTC for $2.5 billion.
- Holdings rose to 815,061 BTC at a $61.6 billion cost, exceeding BlackRock's 802,823 BTC.
- Funding came mainly from STRC preferred proceeds of $2.2 billion and $366 million in Class A sales.
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Strategy Inc. (NASDAQ: MSTR) disclosed on April 20, 2026, that its bitcoin purchases between April 13 and April 19 coincided with a Bitcoin price recovery, elevating the company’s standing among corporate holders and supporting gains in crypto-linked stocks.
Mid-April Bitcoin Accumulation and Market Position
Between April 13 and April 19, Strategy acquired 34,164 bitcoin at an average price of $74,395 per coin, spending about $2.54 billion. This was the company’s third-largest single purchase and its largest weekly accumulation since November 2024. The buy increased Strategy’s total bitcoin holdings to 815,061 coins, with a cumulative purchase cost of $61.56 billion and an average cost basis of $75,527 per coin. This surpassed BlackRock’s IBIT holdings of roughly 802,823 coins, making Strategy the largest corporate bitcoin holder and increasing its balance-sheet exposure to bitcoin price fluctuations.
The mid-April purchase followed a prior acquisition from April 6 to 12, when the company added 13,927 coins for about $1 billion, bringing holdings to 780,897 coins before the larger buy. Earlier in 2026, Strategy also acquired 22,337 coins for $1.57 billion in March and separately purchased 1,031 coins on March 23. These purchases reflect a steady accumulation program through the quarter.
Funding and Market Impact
Strategy financed the mid-April purchase mainly through preferred stock funding, raising about $2.18 billion from issuing 21,795,389 STRC shares and approximately $366 million from selling 2,165,000 MSTR Class A shares. This funding mix highlights the company’s reliance on equity-linked capital to support ongoing bitcoin acquisitions.
Bitcoin’s price rebounded above $78,000 on April 22 at 09:50 ET and later crossed $78,500 intraday, coinciding with a broader rally in crypto-linked stocks. MSTR shares rose alongside the sector, illustrating the close correlation between the company’s equity performance and bitcoin’s price movements.
