Strategy Acquires 13,927 Bitcoins for $1B, Total Holdings Reach 780,897
The collapse of U.S.-Iran ceasefire talks pushed oil prices back up and has been keeping bitcoin(BTC-USD)pinned near the $70,500 support level. Meanwhile, a Polkadot(DOT-USD)bridge exploit added further headwinds for cross-chain infrastructure investors. Stay current on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.STRATEGY EXTENDS BITCOIN ACCUMULATION WITH $1B BUY, BITMINE REACHES ETHER HOLDINGS OVER 4% OF CIRCULATING SUPPLY:Strategy(MSTR)disclosed in afiling this morningthat it acquired 13,927 bitcoin for roughly $1B during the week of April 6-12, at an average price of $71,902 per coin, lifting its total treasury to 780,897 bitcoin at an aggregate cost of approximately $59.02B, or $75,577 average. The purchase was funded entirely by selling 10.03M shares of its STRC preferred stock for net proceeds of about $1.001B, with no dilution to MSTR common shares this cycle. Founder Michael Saylor, noting a 5.6% bitcoin yield year-to-date in 2026 and a breakeven annual return rate of about 2.05%.On the ether(ETH-USD)side, treasury giant Bitmine Immersion Technologies(BMNR)disclosed in aregulatory filingthat its total ether holdings stand at 4.875M ether, roughly 4.04% of total circulating supply, valued near $10.75B at $2,206 per token. 3.33M of their owned ether valued at $7.4B is actively staked. The company also holds 198 bitcoin, $719M in cash, and $85M in Eightco Holdings(ORBS)shares, and announced that its NYSE uplisting from NYSE American became effective April 9, a development that broadens its index-eligibility and institutional accessibility. The scale of Bitmine's staking position makes it one of the largest single publicly traded concentrations of staked ether on U.S. exchanges, a defining concentration for any portfolio with Ethereum infrastructure exposure.CANGO LAUNCHES HPC/AI SUBSIDIARY AS MINERS PIVOT FROM PURE PROOF-OF-WORK:Cango(CANG)announcedthat EcoHash, its high-performance computing and AI inference subsidiary, has begun commercial operations at its owned 50-megawatt facility in Georgia, deploying plug-and-play compute modules via its proprietary EcoLink Orchestration Platform. LM Funding America(LMFA)disclosed in an8-Ka more constrained operational picture for March 2026. The company mined 9.6 bitcoin at a record hashrate of 0.79 EH/s but sold 23.1 bitcoin, leaving a 341.2 bitcoin treasury valued at nearly $22.9M. It also extended an $11M Galaxy Digital credit facility to June 26, 2026, signaling continued reliance on debt financing amid compressed mining economics. Meanwhile, BGIN Blockchain(BGIN)resolved a prolonged hosting dispute,the company said, recovering all 5,325 seized mining machines from Mawson Hosting and Krypton Technologies under a confidential settlement, an event that removes a material operational drag from BGIN's U.S. subsidiary, BGIN Infrastructure.BROADRIDGE AND MARTI EXPAND DIGITAL ASSET INFRASTRUCTURE FOOTPRINTS:Broadridge Financial Solutions(BR)launched a unified digital asset platform for Canadian wealth managers,per the firm's announcement, covering crypto trading, tokenized real-world assets, integrated custody via Galaxy Digitaland Anchorage/Tetra, and on-chain proxy voting, building on infrastructure that already tokenizes more than $8T in assets monthly. The launch is a telling signal that institutional-grade digital asset tooling is moving into mainstream North American wealth management, with custody integration through regulated counterparties rather than self-managed wallets. Marti Technologies(MRT)reported FY25 results, posting revenue of $39.2M, up 110% year over year and 15% above guidance, with gross margin swinging from -15% to +61%. The Turkey-based mobility platform maintains a policy of holding 20–50% of cash reserves in bitcoin and guided for FY26 revenue of $70M with positive adjusted EBITDA.CLARITY ACT AND SEC ROUNDTABLE SET THE WEEK'S REGULATORY TONE:The U.S. Senate returned from Easter recess Monday, reopening the window for a potential CLARITY Act markup vote this week, with an SEC digital assets roundtable scheduled for April 16 as the immediate near-term catalyst. CoinbaseCEO Brian Armstrong publicly endorsed the CLARITY Act on April 9 following White House pressure, and passage of the bill would be a significant positive for Coinbase's regulatory standing and product roadmap. The legislative outcome also carries direct implications for miner and exchange-adjacent equities whose compliance overhead and product offerings are sensitive to jurisdictional clarity on digital asset classification.On the corporate side, BitGo(BTGO)that BitGo Prime has added tradias, a regulated European crypto-asset services provider currently merging with Boerse Stuttgart Digital, to its institutional liquidity network, expanding execution quality and market access for its institutional client base. Bitcoin Depot(BTM), the largest North American bitcoin ATM operator with over 9,000 kiosk locations, named Tony Gagliardi as its new chief compliance officer effective April 8,the company disclosed. Gagliardi previously held global compliance roles at Coinbase, OKX, and Paxos, a résumé that reflects the rising anti-money laundering and know-your-customer regulatory bar across the digital asset kiosk sector.PRICE ACTION:As of time of writing, bitcoin(BTC-USD)was trading near $71,797.97, and ether(ETH-USD)was trading near $2,206.60,according to price data from TipRanks.
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- New Capital Metric: Strategy Chairman Michael Saylor stated that ‘Bitcoin per share (BPS) is EPS on the Bitcoin Standard,’ indicating that this metric will guide the company's capital, equity, and debt decisions, highlighting the firm's focus on Bitcoin.
- Significant Loss Impact: The company reported a net loss of $12.54 billion in Q1 2026, primarily due to a $14.46 billion unrealized loss on Bitcoin holdings, reflecting the substantial impact of cryptocurrency market fluctuations on its financial health.
- Dividend Payment Strategy: CEO Phong Le mentioned that the company would sell some Bitcoin to finance dividends when the market net asset value (mNAV) falls below 1.0, marking a significant shift in capital management strategy that could affect shareholder returns.
- Emergence of Digital Credit: Over the past 10 months, Strategy raised $8.5 billion through a perpetual preferred stock instrument called Stretch, which offers an 11.5% monthly cash dividend, demonstrating the company's innovative capital structure and focus on future cash flow sustainability.
- Dividend Payment Strategy: Strategy plans to sell Bitcoin if necessary to support STRC dividends, yet Saylor emphasizes the company will maintain a net buying position in Bitcoin forever, ensuring long-term financial stability.
- Bitcoin Appreciation Expectation: The company anticipates that a 2.3% annual appreciation in Bitcoin will cover monthly dividend obligations of $80-90 million, reflecting confidence in the Bitcoin market and optimism for future earnings.
- Market Impact Analysis: Saylor rebuffed claims that the company's Bitcoin purchases significantly affect market prices, stating that even buying $100 million of Bitcoin per hour does not move the price, indicating the market's deep liquidity.
- Capital Operation Model: Saylor likened the company's Bitcoin appreciation strategy to real estate development, emphasizing capital investment through credit instruments, showcasing the company's strategic positioning and long-term growth potential in the Bitcoin market.
- Investor Engagement: StrategyInc will host a live Q&A session with retail investors on May 13, 2026, featuring Founder & Executive Chairman Michael Saylor and CEO Phong Le, aimed at enhancing investor interaction and transparency.
- Streaming Platforms: The Q&A will be streamed live on X and YouTube, allowing investors to submit questions in advance through Strategy's official Question Submission Form, ensuring timely responses to investor concerns.
- Event Replay: An archived replay of the event will be available approximately two hours after the conclusion on Strategy's investor relations website under the 'Events and Presentations' section, providing access for investors who cannot attend live.
- Company Background: StrategyInc is the world's first Bitcoin Treasury Company, focused on generating long-term value through innovative financial strategies and AI-powered enterprise analytics software, showcasing its leadership in both digital asset and enterprise analytics markets.
- Bitcoin Rebound Signs: Bitcoin and other large cryptocurrencies are showing signs of a rebound, with improved momentum suggesting that their counter-trend upmoves may have staying power, potentially providing investors with an opportunity to rebuild positions.
- MSTR Long-Term Indicators Improve: As the world's largest bitcoin treasury company, MSTR has seen a significant rebound over the past month, with improvements in the monthly MACD indicating a loss of downside momentum, which may signal the maturation of its bearish cycle.
- Strong WGMI ETF Performance: The ETF proxy WGMI has also shown positive intermediate-term momentum, clearing its January high, suggesting it could continue to trend higher in the coming weeks, with a target price approaching $68.
- Mining Stocks Technical Improvement: Bitcoin mining companies have similarly experienced turnarounds, with healthier technical setups providing investors opportunities to increase exposure in Q2, especially against the backdrop of improving market sentiment.
- Ethereum Holdings: Bitmine currently holds over 4.31% of the total Ethereum supply, approximately 5.21 million ETH valued at $11.1 billion, indicating its significant position and influence in the cryptocurrency market.
- Market Performance: Despite cautious market sentiment, Bitmine's stock averages $816 million in daily trading volume, ranking as the 149th most traded stock in the U.S., reflecting its popularity and liquidity among investors.
- Strategic Investments: Bitmine's total assets include $13.4 billion in cash and crypto holdings, with 4,712,917 staked ETH, demonstrating its firm commitment to long-term investment strategies.
- Institutional Support: Bitmine is backed by several prominent institutional investors, including Cathie Wood from ARK and Pantera, aiming to achieve its goal of acquiring 5% of Ethereum, further solidifying its market position.
- Asset Growth: Bitmine's holdings of ETH have reached 5.21 million tokens, accounting for approximately 4.31% of the total supply, resulting in total assets of $13.4 billion, indicating strong growth potential in the cryptocurrency investment sector.
- Significant Staking Returns: Bitmine holds 4,712,917 ETH in staking, valued at approximately $11.1 billion at the current price of $2,366, demonstrating the company's success in generating stable returns through ETH staking.
- Enhanced Market Position: Bitmine transitioned from NYSE American to the New York Stock Exchange on April 9, 2026, becoming the 149th most traded stock in the U.S. with an average daily trading volume of $816 million, which boosts its market influence and investor confidence.
- Institutional Investor Support: Backed by prominent investors including Cathie Wood of ARK, Bitmine solidifies its position in the cryptocurrency space and aims to achieve its goal of acquiring 5% of ETH, showcasing strong institutional confidence in its strategy.











