Michael Saylor’s Strategy resumed bitcoin purchases last week after reporting no buys in the final week of March, picking up 4,871 BTC for $329.9 million according to an 8-K filing with the SEC.
New purchase details
The purchases were made at an average price of $67,718 per coin, below the company’s overall average acquisition cost of $75,644.
The new acquisitions bring Strategy’s total holdings to 766,970 BTC, acquired for a combined cost of around $58 billion.
Strategy’s total bitcoin purchases in Q1 2026 reached 89,316 BTC, with an aggregate spend of approximately $6.3 billion.
Despite the decline in price, the company has continued accumulating, buying roughly 54,000 BTC since Feb. 2 and making some of its largest weekly purchases on record during March, with monthly acquisitions netting 41,362 BTC.
Q1 losses and tax position
Alongside the purchase update, Strategy reported a $14.46 billion unrealized loss on digital assets for Q1, along with a $2.42 billion deferred tax benefit.
As of March 31, the company recorded a $1.73 billion deferred tax asset tied to unrealized losses, offset by a corresponding $1.73 billion valuation allowance.
The company stated:
“Because the fair value of Strategy’s Bitcoin holdings is below its cost basis, Strategy expects to establish an additional valuation allowance of $0.5 billion against these deferred tax assets.”
Strategy first saw bitcoin fall below its average purchase price in early February, the first time since late 2023 that BTC traded below its cost basis.
Updated ATM offerings
Strategy also announced updates to its at-the-market program, including a new $21 billion offering of Stretch (STRC) stock and a new $21 billion offering of Common A (MSTR) stock.
The company terminated its prior Strike (STRK) stock offering and launched a new $2.1 billion STRK offering.
During March 30–31, Strategy sold approximately 2.28 million STRC shares and 582,550 MSTR shares, generating about $299.3 million in net proceeds.
From April 1–5, it sold an additional 1 million STRC shares and 593,294 MSTR shares, raising roughly $174.6 million.
