Strategy Inc. executive chairman Michael Saylor published a StrategyTracker chart on X on April 12, 2026, as the company’s average cost basis of $75,644 per coin sits above the current Bitcoin price of approximately $71,000.
TLDR
- Strategy Inc. holds 766,970 BTC with a reserve value of $54.84 billion as of April 12, 2026.
- The average acquisition cost stands at $75,644 per coin across 105 documented purchase events.
- Bitcoin traded near $71,000 on the publication date, placing the reserve below the total acquisition cost.
- The most recent purchase occurred on April 6: 4,871 BTC acquired for approximately $330 million.
- Total acquisition cost for all holdings is approximately $58.02 billion, a difference of $3.18 billion.
- The company finances purchases through at-the-market equity sales and perpetual preferred share issuances.
Strategy Inc. executive chairman Michael Saylor posted an updated Bitcoin reserve chart to X on April 12, 2026, showing the company’s treasury position at 766,970 BTC valued at $54.84 billion, with the blended cost basis of $75,644 per coin above the spot price of approximately $71,000.
The post, captioned “Think Bigger,” referenced a StrategyTracker visualization that maps Bitcoin’s price history against each of the company’s 105 documented purchase events since August 2020. Orange circles on the chart represent individual transactions. The dashed line tracks Strategy’s blended average acquisition cost, which has risen steadily as the company continued buying at elevated price levels through 2024 and into 2025.
The gap between the current reserve value and the total acquisition cost sits at approximately $3.18 billion. This reflects Bitcoin’s position near $71,000, below the $75,644 average entry price. The chart captures this spread visually, with the cost-basis line running above the current price level.
The April 6 transaction added 4,871 BTC for approximately $330 million, bringing total holdings to their current level. Strategy disclosed the transaction through a Securities and Exchange Commission filing, consistent with its practice of reporting each BTC purchase event separately. The April 12 chart update does not represent a new filing or change in holdings.
Strategy’s 766,970 BTC position represents approximately 3.65% of total Bitcoin supply.
Strategy finances its Bitcoin acquisitions primarily through at-the-market equity offerings and perpetual preferred share issuances. The capital structure allows continued accumulation while servicing dividend commitments on preferred instruments. No debt conversion or liquidation events have been disclosed in conjunction with the April 12 update.
The company, formerly operating as MicroStrategy, rebranded to Strategy as its Bitcoin treasury function became the primary business focus. Saylor serves as executive chairman. The firm has published Bitcoin reserve data regularly since 2020, making it one of the more transparent corporate holders in terms of transaction-level disclosure.
Strategy’s position equates to approximately 3.65% of the total Bitcoin supply, making it the largest single-entity corporate holder on record. Institutional observers track the reserve because the transaction history provides a direct data set on the relationship between large-entity accumulation and market price across a five-year period.
The StrategyTracker chart covers data through April 12, 2026. SEC filings remain the primary source for transaction-level detail, including date, volume, and total consideration for each event. The April 6 strategy bitcoin purchase was the most recent filing at the time of Saylor’s post.
Why It Matters
Strategy’s 766,970 BTC position, equivalent to approximately 3.65 percent of total supply, establishes a measurable reference point for institutional Bitcoin allocation. The $3.18 billion gap between acquisition cost and current valuation reflects balance sheet exposure under current market pricing.
The company’s use of equity issuance and preferred shares to finance accumulation defines a structured capital deployment model. The transaction history provides a dataset for evaluating entry timing, cost averaging, and long-duration positioning by a single corporate entity.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency markets are volatile, and readers should conduct their own research before making financial decisions.
Pijus Paul is the Founder and Lead Cryptocurrency Market Analyst at Cryptowealthnet. He specializes in Bitcoin and altcoin price predictions supported by technical analysis, market cycle evaluation, and risk-managed scenario planning. His price forecasts emphasize probability, structure, and disciplined strategy rather than speculation. LinkedIn: Pijus Paul
