Strategy Inc. disclosed Monday that it purchased 3,459 bitcoins between April 7 and April 13, spending approximately $285.8 million during a volatile week in the cryptocurrency market. The acquisition appeared in a filing with the U.S. Securities and Exchange Commission (SEC).
The average purchase price was approximately $82,618 per bitcoin. The move came after a brief one-week pause in the company’s Bitcoin-buying activity. The transaction was funded through an equity offering. Strategy raised roughly $286 million by selling 959,712 shares of its Class A common stock.
Equity Offering Funds Continued Bitcoin Investment
Strategy’s latest purchase adds to its already substantial Bitcoin holdings. The company reported funding the acquisition through proceeds from its Common ATM equity offering. The timing of the share sale—mirroring the bitcoin purchase period—indicates a coordinated strategy to increase digital asset reserves amid market weakness.
Despite the acquisition, Strategy reported an unrealized loss of nearly $6 billion on its Bitcoin holdings during the same period. The company has continued to increase its exposure to Bitcoin under the leadership of Executive Chairman Michael Saylor, a vocal proponent of the cryptocurrency.
Before the acquisition was officially reported, Saylor posted a company bitcoin tracker update on social platform X, which observers often interpret as a precursor to transactions. The company has not commented publicly on the market impact of its latest investment.
Metaplanet Adds to Holdings with $26.3M Bitcoin Purchase
Separately, Japanese investment firm Metaplanet disclosed a Bitcoin purchase of its own. On April 14, CEO Simon Gerovich announced the acquisition of 319 bitcoins for approximately $26.3 million. The purchase price averaged $82,549 per token.
The latest buy brings Metaplanet’s total Bitcoin holdings to approximately 4,525 coins. The firm said its year-to-date return on the asset has reached roughly 108.3%. Following the acquisition, Metaplanet’s total bitcoin valuation rose to around $386.3 million, based on a per-coin value of $85,366.
Both companies continue to accumulate bitcoin despite increased price volatility and wider market downturns. Analysts say such moves highlight an ongoing corporate trend of viewing bitcoin as a long-term treasury asset.
