Key Takeaways
Strategy Inc. acquired an additional 34,164 Bitcoin (BTC) for approximately $2.54 billion, bringing its corporate treasury to 815,061 BTC as of April 26, 2026. The purchase, executed between April 13 and April 19, was highlighted after Executive Chairman Michael Saylor posted an updated accumulation chart.
"The era of regulating through lawsuits is over," new SEC Chairman Paul Atkins said recently, signaling a potential shift in the U.S. regulatory climate that coincides with Strategy's continued buying. In contrast, economist Peter Schiff called the company's financing structure a "death spiral," arguing the dividend on its preferred stock is unsustainable.
The acquisition was funded primarily through the issuance of STRC, a preferred stock paying an 11.5% annualized dividend. According to a recent BeInCrypto report, Schiff claims this structure may eventually force Strategy to liquidate its Bitcoin holdings to cover payouts. The firm's total Bitcoin stash is now valued at over $63 billion, with Bitcoin trading at $77,420 as of 10:30 UTC, according to CoinGecko.
Strategy's aggressive use of capital markets to acquire Bitcoin has made it the largest corporate holder of the asset, but also exposes it to market volatility and critiques of its funding model. With the Crypto Fear & Greed Index indicating "Fear" at a level of 31, the market will be watching if demand for STRC shares continues to support Saylor's strategy or if selling pressure will mount to cover its dividend obligations.
The latest purchase continues a multi-year accumulation strategy that has seen the software-firm-turned-Bitcoin-proxy acquire nearly 3.9% of the total fixed supply of 21 million Bitcoin. This most recent buy was executed at an average price of about $74,347 per coin.
The financing for this and other recent purchases has come from the firm's unique Stretch (STRC) preferred shares. Launched in July 2025 with a 9% dividend, the yield has since climbed to 11.5%, a move Schiff points to as evidence the model depends on attracting new capital rather than being self-sustaining. Saylor has rejected these arguments, citing a $42 billion at-the-market program and challenging Schiff to a debate.
This corporate accumulation occurs against a backdrop of shifting institutional and regulatory sentiment. The total crypto market capitalization is holding firm at $2.67 trillion, supported by institutional buys. Meanwhile, the SEC's new leadership under Chairman Paul Atkins has suggested a move toward clearer rules rather than "enforcement by hindsight," a development closely watched by the industry.
This article is for informational purposes only and does not constitute investment advice.
