Strategy, the world’s largest publicly listed corporate holder of Bitcoin, has resumed purchasing BTC after reporting no acquisitions in the final week of March. The company disclosed the new purchases in an 8-K filing submitted to the US Securities and Exchange Commission on Monday. The filing confirmed that Strategy acquired 4,871 BTC for a total of $329.9 million, at an average price of $67,718 per coin.
The latest purchase price sits below the company’s overall average acquisition cost of $75,644 per coin. With these additions, Strategy’s total Bitcoin holdings now stand at 766,970 BTC, accumulated at a combined cost of approximately $58 billion. The company has continued buying even as Bitcoin trades below its average cost basis, a situation that first emerged in early February — the first such occurrence since late 2023.
Alongside the purchase update, Strategy released its first-quarter financial results, which included a $14.46 billion unrealized loss on digital assets and a $2.42 billion deferred tax benefit. The company noted that its Bitcoin holdings continue to trade below their cost basis, prompting the recognition of a deferred tax asset tied to those unrealized losses. As of March 31, Strategy recorded a $1.73 billion deferred tax asset, offset by a corresponding $1.73 billion valuation allowance.
Strategy indicated it expects to establish an additional valuation allowance of $0.5 billion against these deferred tax assets, given that the fair value of its Bitcoin holdings remains below cost. Despite the financial headwinds, the company has maintained an aggressive accumulation strategy, purchasing roughly 54,000 BTC since February 2. March was a particularly active month, with the company recording some of its largest weekly purchases to date, totaling 41,362 BTC for the month.
For the full first quarter of 2026, Strategy’s Bitcoin purchases reached 89,316 BTC, representing an aggregate spend of approximately $6.3 billion. The scale of accumulation underscores the company’s continued commitment to its Bitcoin treasury strategy even amid price volatility. The purchases were funded in part through ongoing equity offerings.
Strategy also announced updates to its at-the-market equity 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 simultaneously launched a new $2.1 billion STRK offering. Sales under the expanded STRC and MSTR programs may begin once existing capacity is substantially used, the company said.
Between March 30 and 31, Strategy sold approximately 2.28 million shares of STRC and 582,550 shares of MSTR, generating around $299.3 million in net proceeds. From April 1 through 5, the company sold an additional 1 million STRC shares and 593,294 MSTR shares, raising roughly $174.6 million. The proceeds from these share sales continue to support the company’s ongoing Bitcoin acquisition program.
Originally reported by CoinTelegraph.
