{"id":8166,"date":"2026-04-07T08:42:38","date_gmt":"2026-04-07T08:42:38","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8166"},"modified":"2026-04-07T08:42:38","modified_gmt":"2026-04-07T08:42:38","slug":"michael-saylors-strategy-resumes-bitcoin-buying-despite-billions-in-paper-losses","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8166","title":{"rendered":"Michael Saylor\u2019s Strategy Resumes Bitcoin Buying Despite Billions in Paper Losses"},"content":{"rendered":"

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  • Strategy acquired 4,871 BTC for US$329.9 million at an average of US$67,718 per coin between April 1 and 5, funded entirely through equity offerings.<\/span><\/li>\n
  • The purchase brings total holdings to 766,970 BTC at a cumulative cost of US$58.02 billion and an average cost basis of US$75,644 per coin.<\/span><\/li>\n
  • Q1 2026 results showed a US$14.46 billion unrealised loss, partially offset by a US$2.42 billion deferred tax benefit generated by Bitcoin\u2019s decline from its October 2025 all-time high.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Strategy bought 4,871 Bitcoin (BTC) between April 1 and 5 for US$329.9 million (AU$478.4 million), resuming purchases after a pause that overlapped with Bitcoin\u2019s sharpest quarterly drop of 2026.<\/p>\n

    The acquisition lifted the company\u2019s total holdings to 766,970 BTC, equal to about 3.83% of Bitcoin\u2019s circulating supply, reinforcing its position as the largest public corporate holder of the asset.\u00a0<\/p>\n

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    The purchase was funded through at-the-market sales of Class A common stock and Variable Series A Perpetual Stretch Preferred Stock, marking a reliance on equity issuance rather than debt-backed structures used in some earlier buying rounds.<\/p>\n

    Related: Polymarket Expands Into Stocks and Commodities With Pyth-Powered Pricing<\/strong><\/p>\n

    Strategy Underwater on Paper<\/h2>\n

    The latest purchase came as Strategy\u2019s first-quarter results highlighted the cost of continuing to accumulate during a prolonged market decline.\u00a0<\/p>\n

    Bitcoin has fallen about 46% from its October 2025 all-time high of US$126,198 (AU$182,987) to roughly US$67,718 (AU$98,191) at the time of the April purchase.\u00a0<\/p>\n

    Against a total acquisition cost of US$58.02 billion (AU$84.13 billion), Strategy\u2019s average purchase price now stands at US$75,644 (AU$109,584) per Bitcoin, leaving the company\u2019s full treasury below cost on paper.<\/p>\n

    As of March 31, the company recorded an unrealised loss of US$14.46 billion (AU$20.97 billion), based on a balance sheet valuation of about US$51.65 billion (AU$74.89 billion). The decline in the value of its Bitcoin holdings also produced a deferred tax benefit of US$2.42 billion (AU$3.51 billion), which partly offset the accounting impact of the loss.<\/p>\n

    Strategy has made 13 Bitcoin purchases so far in 2026, acquiring 94,440 BTC for a combined US$7.594 billion (AU$11.01 billion), while Bitcoin itself is down 20.3% since the start of the year. Saylor has continued to describe Bitcoin as Strategy\u2019s main capital allocation priority despite short-term volatility.\u00a0<\/p>\n

    At the April 5 market price of about US$67,718 (AU$98,191), the company\u2019s total treasury was worth roughly US$51.9 billion (AU$75.26 billion), still below its cumulative spending.<\/p>\n

    Read more: $280M Drift Hack Linked to Suspected North Korean Attack Using Novel Solana Exploit<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,Microstrategy#Michael #Saylors #Strategy #Resumes #Bitcoin #Buying #Billions #Paper #Losses1775551358<\/p>\n","protected":false},"excerpt":{"rendered":"

    Strategy acquired 4,871 BTC for US$329.9 million at an average of US$67,718 per coin between April 1 and 5, funded entirely through equity offerings. The purchase brings total holdings to 766,970 BTC at a cumulative cost of US$58.02 billion and an average cost basis of US$75,644 per coin. Q1 2026 results showed a US$14.46 billion<\/p>\n","protected":false},"author":1,"featured_media":8167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[837,91,501,653,1605,2387,500,1606,107],"class_list":{"0":"post-8166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-billions","9":"tag-bitcoin","10":"tag-buying","11":"tag-losses","12":"tag-michael","13":"tag-paper","14":"tag-resumes","15":"tag-saylors","16":"tag-strategy"},"yoast_head":"\nMichael Saylor\u2019s Strategy Resumes Bitcoin Buying Despite Billions in Paper Losses - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=8166\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Saylor\u2019s Strategy Resumes Bitcoin Buying Despite Billions in Paper Losses\" \/>\n<meta property=\"og:description\" content=\"Strategy acquired 4,871 BTC for US$329.9 million at an average of US$67,718 per coin between April 1 and 5, funded entirely through equity offerings. 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