MicroStrategy, led by co-founder Michael Saylor, acquired 13,927 Bitcoin for $1 billion through sales of its STRC perpetual preferred stock, bringing total holdings to 780,897 BTC worth approximately $55 billion—over 3.7% of Bitcoin's total supply. The company has made 105 Bitcoin purchases since August 2020, with March 2026 alone seeing accumulation of 46,233 BTC, nearly triple the 16,200 BTC produced by global miners that month. Despite holding Bitcoin at a blended cost basis of $75,644 per coin and reporting $14.5 billion in unrealized losses in Q1 2026, the company continues its aggressive acquisition strategy funded by preferred equity with a 2.05% breakeven return rate. Bitcoin traded at $71,800 on April 13, 2026, up 7.9% for the week and holding above $70,000 for four consecutive days amid geopolitical developments including an Iran ceasefire and U.S. blockade of the Strait of Hormuz.
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