Strategy has returned to the Bitcoin market with another major buy, showing that Michael Saylor and his team still believe in the asset’s long-term value.
On April 6, Strategy said it bought 4,871 Bitcoin between April 1 and April 5 for about $329.9 million. The company paid an average price of roughly $67,718 per coin. This move pushed its total Bitcoin holdings to 766,970 BTC.
According to company figures, Strategy has spent about $58.02 billion on its full Bitcoin stash. Its average purchase price now stands at $75,644 per token. That makes the latest buy stand out because the company entered at a lower level than its overall average cost.
Why this purchase matters
This new acquisition also marks the end of a brief pause in Strategy’s buying pattern. The company had stopped its regular weekly purchases after March 23, which broke a 13-week streak of steady accumulation.
Now, Strategy appears to be doing what it has done for years: buying during weakness instead of waiting for perfect market timing. That approach fits Saylor’s well-known plan of using company resources and capital market activity to build a massive Bitcoin position over time.
Key takeaways from the latest purchase:
- Strategy bought 4,871 BTC for nearly $330 million
- The average entry price was about $67,718 per Bitcoin
- Total holdings climbed to 766,970 BTC
- The company’s blended average cost remains above $75,000
- The latest purchase slightly improves its overall cost basis
Pressure remains despite long-term confidence
However, the aggressive Bitcoin strategy still comes with real short-term pain. Strategy recently reported an unrealized first-quarter loss of about $14.5 billion as Bitcoin prices fell during the period. A deferred tax benefit helped soften part of that blow, but the company still faces major earnings volatility when crypto prices swing lower.
Even so, investors often view Strategy stock as a leveraged Bitcoin play. That helps explain why shares moved higher in premarket trading after the announcement.
For now, Strategy remains the most aggressive corporate Bitcoin buyer in the market. With nearly 767,000 BTC on its balance sheet, the company continues to make one of Wall Street’s boldest long-term bets on Bitcoin.
