Bitcoin treasury giant MicroStrategy (Strategy) is back on the buy-and-hold path, snapping a two-week pause with a fresh $329.9 million BTC purchase, the company disclosed.
What happened
- MicroStrategy added 4,871 BTC between April 1–5, according to an SEC filing, paying roughly $67,718 per coin for a total outlay of $329.9 million.
- The acquisition was funded via at-the-market (ATM) sales of the company’s stock (STRC and MSTR), MicroStrategy confirmed.
- Co-founder and chairman Michael Saylor flagged the return to buying in a Sunday post on X, sharing the firm’s BTC portfolio tracker with the caption “₿ack to Work.” The company normally announces buys on Mondays and had skipped last week.
Why it matters
- The new purchase is still in the green relative to its entry price: Bitcoin’s spot price at the time of writing is about $69,200, roughly 3.5% higher over the past 24 hours and above the $67,718 average paid for this tranche.
- Despite this, MicroStrategy’s aggregate position remains underwater. After the latest buy, the firm’s overall cost basis is $75,644 per BTC, putting its total Bitcoin holdings at an estimated 8.1% unrealized loss versus current market prices.
- The company now holds 766,970 BTC and has pushed its total investment into the asset past $58 billion. That stash represents roughly 3.83% of Bitcoin’s circulating supply — the largest corporate treasury share on the network.
Context and trends
- MicroStrategy has often been criticized for buying near local price highs, with purchases sometimes marked down by the time they’re publicly disclosed. This time, however, the recent tranche appears to have been executed below current spot.
- Broader market headwinds — mentioned in market commentary such as geopolitical tensions in the Middle East — have kept BTC below MicroStrategy’s break-even level since the February sell-off.
Meanwhile in Ethereum treasuries
- Ethereum-focused treasury firm Bitmine also continued its Monday buying cadence. Over the past week it added 71,252 ETH — its biggest weekly accumulation since December 2025 — bringing its total to 4,803,334 ETH, or about 3.98% of ETH’s circulating supply.
- Bitmine chairman Thomas “Tom” Lee said the firm has “maintained the increased pace of ETH buys in each of the past four weeks, as our base case ETH is in the final stages of the ‘mini-crypto winter.’”
Bottom line
MicroStrategy’s latest purchase underscores the appetite among corporate treasuries for long-term crypto exposure, even as sizable unrealized losses persist on aggregate positions. At the same time, major ETH holders are accelerating accumulation, signaling continued institutional conviction across leading digital-asset treasuries.
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