"Strategy (NASDAQ: MSTR) purchased 535 bitcoin for approximately $43.0 million at an average price of $80,340 per coin, the company disclosed Monday in a Form 8-K filing. The firm now holds 818,869 BTC, acquired for roughly $61.86 billion at an average cost of $75,540 per bitcoin, and has recorded a bitcoin yield of 9.4% year-to-date in 2026."
"The acquisition was funded through $0.1 million raised via Strategy's STRC ATM program and $42.9 million from its MSTR ATM offering. The purchase comes six days after executive chairman Michael Saylor told investors on the company's Q1 earnings call that Strategy was prepared to sell a portion of its bitcoin holdings for the first time. This statement drew immediate scrutiny from a market that had long viewed the company's accumulation strategy as one-directional."
"In a podcast interview, he said that for every bitcoin sold, the company would buy 10 to 20 more. "You should be a net accumulator of bitcoin," he said. "You want to end every year with more bitcoin than you started." Monday's purchase suggests the buying has not slowed."
"Bitcoin fell 23% in Q1 2026 - from $87,500 to $67,700 - and under FASB fair value accounting rules adopted in January 2025, Strategy is required to mark its full bitcoin position to market each quarter. In Q1, that produced a $12.54 billion unrealized loss running directly through the income statement. More than 434,000 of the company's coins were purchased above $80,000, generating a $7.6 billion unrealized loss and a $2.2 billion deferred tax asset at a 29% effective tax rate."
Strategy purchased 535 bitcoin for about $43.0 million at an average price of $80,340 per coin. The company’s total holdings increased to 818,869 BTC, acquired for roughly $61.86 billion at an average cost of $75,540 per bitcoin, with a 9.4% bitcoin yield year-to-date in 2026. Funding came from $0.1 million raised through the STRC ATM program and $42.9 million from the MSTR ATM offering. The purchase followed statements indicating potential partial selling for the first time, paired with a commitment to remain a net accumulator by buying more after any sales. Bitcoin’s decline and fair value accounting produced large unrealized losses, and tax-loss harvesting previously supported similar selling and repurchasing activity.
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