Michael Saylor’s Strategy, one of the world’s largest publicly listed corporate Bitcoin holders, added another major purchase to its growing portfolio as the cryptocurrency trades near $85,000.
Strategy acquired 6,556 Bitcoin for $555.8 million from April 14–20, at an average price of $84,785 per coin, the firm announced in its latest Form 8-K filing with the United States Securities and Exchange Commission.
The latest purchase accounts for 1.2% of Strategy’s total Bitcoin holdings of 538,200 BTC as of April 20, acquired for the aggregate amount of $36.5 billion at an average price of $67,766 per BTC.
The latest Bitcoin purchase was funded using proceeds from the Common ATM and STRK ATM stock offerings, including the sale of 1,755,000 Strategy shares for $547.7 million and 91,213 shares of Series A preferred stock sold for $7.8 million.
Strategy expands buying after a pause
The latest purchase follows Strategy’s 3,459 BTC acquisition reported on April 14, which was the first announced purchase by the firm after March 31.
Prior to that, Strategy did not report a Bitcoin buy between March 31 and April 6, breaking its usual cadence as Bitcoin fell below $87,000.
Strategy has acquired 91,800 Bitcoin so far in 2025, accounting for 17% of its total BTC holdings.
Growing institutional exposure
The new announcement came shortly after Saylor highlighted growing institutional exposure to Strategy, with at least 13 institutional investors holding MSTR shares directly.
Citing public data as of the first quarter of 2025, Saylor also mentioned that 814,000 retail accounts have direct exposure to MSTR, with another 55 million beneficiaries having indirect exposure through mutual funds, pensions, insurance portfolios and exchange-traded funds.
Related: Metaplanet tops $400M Bitcoin holdings with new $28M purchase
MSTR shares have seen a massive rise since 2024, peaking above $420 amid optimism over Donald Trump’s presidential win in November 2025. At the time of writing, MSTR is trading at $314, up around 4% year-to-date, according to TradingView.
On the other hand, the Bitcoin price is seeing a significant drop YTD, down more than 6% and trading at $86,936 at the time of writing, according to data from CoinGecko.
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