Strategy purchased 34,164 BTC for $2.54 billion, pushing total holdings to 815,061 BTC and surpassing BlackRock's spot Bitcoin ETF.
Strategy has purchased 34,164 bitcoin for approximately $2.54 billion at an average price of $74,395, marking its third-largest buy on record and pushing total holdings past BlackRock's IBIT fund for the first time.
Strategy disclosed on April 20 that it acquired 34,164 BTC between April 13 and April 19 at an average price of $74,395 per coin, spending a total of $2.54 billion. The purchase brings the company's total bitcoin holdings to 815,061 BTC, acquired at an aggregate average cost of $75,527 per coin.
The buy ranks as Strategy's third-largest by coin count and follows a $1 billion purchase the prior week and a $330 million buy the week before that. The acceleration reflects growing conviction at current price levels, with CEO Michael Saylor funding the latest tranche through sales of the company's perpetual preferred stock.
For the first time since spot Bitcoin ETFs launched in January 2024, a single corporate treasury now holds more bitcoin than the world's largest spot Bitcoin fund. BlackRock's iShares Bitcoin Trust (IBIT) held approximately 798,000 BTC as of its latest disclosure, placing it roughly 17,000 BTC behind Strategy's stockpile.
The milestone underscores how corporate treasury strategies have evolved from niche experiments into direct competitors with regulated investment vehicles for capital allocation into Bitcoin. Strategy's holdings are now worth over $60 billion at current prices.
Strategy's treasury is on a trajectory toward 1 million BTC. At the current pace of weekly purchases, the company could reach that milestone before the end of 2026. Investors will be watching whether the preferred stock issuance strategy can sustain this rate of accumulation and how MSTR shares respond as the balance sheet concentrates further into a single asset.
Strategy's latest purchase signals that institutional appetite for Bitcoin remains strong despite recent DeFi security concerns and broader macro uncertainty. The race between corporate treasuries and ETFs for Bitcoin accumulation is intensifying.
Wall Street giant Citigroup projects Bitcoin could reach $143,000 within 12 months, citing ETF demand and regulatory tailwinds as key catalysts.
Michael Saylor's Strategy reported a $14.46 billion unrealized loss on its bitcoin holdings in Q1 2026, then purchased another $330 million in BTC days later.
The largest US bank is assessing spot and derivatives trading services as regulatory clarity enables traditional finance to deepen crypto involvement.
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