Strategy has made 105 bitcoin purchases since August 2020 and most recently added 4,871 BTC on April 6 for $329.8 million. Total holdings stand at 766,970 BTC, and STRC’s breakeven annual return rate is approximately 2.05%; the company notes that if bitcoin appreciates faster than that over time, it can cover its preferred dividends indefinitely without issuing new MSTR shares. The recent acquisition continues the accumulation pattern documented since August 2020.
Strategy currently holds 766,970 BTC, representing the firm’s total reported bitcoin position. The company’s reported blended cost basis for those holdings is $75,644 per bitcoin, a metric cited in its disclosure of accumulated purchases. Based on that cost basis and prevailing valuations, unrealized losses are reported at $14.5 billion. These figures reflect the accumulation activity the company has documented since August 2020. The blended cost basis and unrealized losses are the reported financial metrics used to quantify the company’s bitcoin inventory in its statements.
Strategy’s reported acquisition pace is over 40,000 BTC per month. In March the company purchased 46,233 BTC, while miners produced about 16,200 BTC during that month. The company’s monthly buying pace therefore exceeds monthly miner production as reported. A filing could push total holdings past 800,000 BTC before the end of April, according to the disclosures cited in the reporting.
STRC’s reported breakeven annual return rate is approximately 2.05%. The company states that if bitcoin appreciates faster than 2.05% over time, Strategy can cover its preferred dividends indefinitely without issuing new MSTR shares. That breakeven rate is presented as the threshold for the dividend-coverage model disclosed in the filings and commentary. The reported figures link the firm’s accumulation strategy to the dividend-coverage condition stated by the company.
Bitcoin traded around $71,800 on Monday. A recent filing indicates Strategy’s total bitcoin holdings could be pushed beyond 800,000 BTC before the end of April, continuing the company’s sustained purchase trend. That potential increase would follow the accumulation activity disclosed by the company. The filing was presented alongside market pricing in the company’s disclosures.
The market price and the filing illustrate the reported continuation of purchases. The items form the basis of the near-term holdings forecast.
Strategy continues to acquire bitcoin across successive purchases as part of its overall corporate approach to supporting dividend payments. The company’s filings and public commentary frame this accumulation as part of a dividend-coverage model tied to bitcoin appreciation over time. The disclosures state that sustained bitcoin appreciation would allow Strategy to cover preferred dividends indefinitely without issuing new MSTR shares.
