Ted Hisokawa
Apr 26, 2026 19:31
Michael Saylor hints at increasing Strategy’s Bitcoin treasury, which already surpasses 815,000 BTC, valued at $63.6B.
Michael Saylor, co-founder of Strategy, has hinted at yet another Bitcoin (BTC) purchase as the company continues its aggressive acquisition strategy. In a tweet over the weekend, Saylor shared a chart of the company’s 107 BTC transactions since 2020, a move that has historically preceded new purchases.
Just days ago, Strategy disclosed the acquisition of 34,164 BTC for $2.5 billion, bringing its total holdings to 815,061 BTC. As of now, the company’s Bitcoin treasury is valued at approximately $63.6 billion, based on current spot prices of around $78,000 per BTC.
Strategy remains the world’s largest corporate Bitcoin holder by a wide margin. The second-largest publicly traded BTC treasury, Twenty One Capital, holds just 43,514 BTC, according to BitcoinTreasuries.net. Strategy’s relentless buying has outpaced newly mined Bitcoin supply threefold, potentially setting the stage for a supply squeeze, as noted by Bitcoin advocate Samson Mow on social media.
Unrealized Losses and Long-Term Goals
Despite its recent gains, Strategy reported an unrealized loss of $14.5 billion in Q1 2026, primarily due to Bitcoin’s volatility. After reaching an all-time high of $126,000 in October 2025, BTC prices fell to $60,000 in February 2026 before recovering to current levels.
The company’s average acquisition cost stands at $75,528 per BTC, meaning current prices have returned its treasury to profitability. Bitcoin proponent and Strategy investor Adam Livingston predicts the company could hold as much as 1.2 million BTC by the end of 2026, fueled by capital raised through its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC).
Livingston believes this aggressive accumulation strategy could push Bitcoin’s price to $1 million over time. However, critics like Seeking Alpha blogger Rida Morwa have raised concerns about Strategy’s heavy reliance on issuing preferred equity to fund its purchases. “This strategy assumes Bitcoin’s price trajectory remains bullish,” Morwa warned, calling the approach risky.
Looking Ahead
As Strategy reportedly prepares for its next Bitcoin acquisition, market participants will be watching closely. The company has positioned itself as a major anchor buyer in the Bitcoin market, with every move potentially influencing broader market dynamics. Whether this strategy will pay off in the long run remains to be seen, but for now, Saylor’s Bitcoin bet is as bold as ever.
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