A fresh Strategy Bitcoin acquisition just landed. According to an SEC filing, the company bought 4,871 BTC between April 1 and 5. The total cost? $329.9 million at an average price of $67,718 per Bitcoin. That’s a solid dip buy, considering the recent volatility.
This marks the resumption of weekly buys after a rare pause during the week ending March 29. Now, Strategy holds a staggering 766,970 BTC, acquired for $58.02 billion at an average price of $75,644 per coin. That means the firm is still sitting on an unrealized loss overall, but they’re not sweating it.
MSTR Stock Price Climbs on the News
The Strategy Bitcoin acquisition didn’t happen in a vacuum. MSTR stock is up over 4% today, climbing from last week’s close of $120 to $125 in premarket trading. The stock remains down 22% YTD, but this bounce shows renewed confidence.
What’s driving the optimism? Two things. First, the buy itself signals conviction. Second, hopes of a ceasefire in the U.S.-Iran war are lifting all crypto stocks. Bitcoin climbed back above the psychological $70,000 level on those hopes, even though Iran has reportedly refused to reopen the Strait of Hormuz as part of any deal.
Less Selling Pressure on MSTR Common Stock
Here’s a key detail for MSTR holders. Strategy funded this latest purchase primarily with STRC (perpetual preferred stock) rather than MSTR common stock. That’s a positive for the MSTR stock price.
Between April 1 and 5, Strategy sold 1 million STRC shares (raising $102.6M) and 593,294 MSTR shares (raising $72M). In the prior period (March 30–31), they sold 2.3M STRC and 582,550 MSTR. The shift toward STRC reduces dilution pressure on common shareholders.
For the three months ended March 31, Strategy reported a $14.46 billion unrealized loss on its Bitcoin holdings, with a carrying value of $51.65 billion. Paper losses, but they keep stacking.
My Thoughts
Saylor’s “₿ack to Work” wasn’t just hype. This 4,871 BTC purchase at $67,718 is textbook dollar-cost averaging. They’re buying below their average cost of $75,644, which is smart treasury management. More importantly, the shift from MSTR to STRC funding is a subtle but bullish signal for common shareholders. Less dilution means MSTR can track Bitcoin’s upside more cleanly. The Iran ceasefire optimism is fragile, but if peace holds, we could see MSTR rip toward $150. If war escalates, expect a pullback. Either way, Strategy isn’t stopping. They’re building a fortress.
