Michael Saylor Hints at More BTC Acquisitions
Michael Saylor, the co-founder of the Bitcoin treasury firm Strategy, recently suggested that the company is looking to acquire more Bitcoin as prices dip from a recent peak exceeding $73,000.
“Think bigger,” Saylor mentioned on Sunday, accompanied by a chart showcasing Strategy’s history of Bitcoin purchases, which has become quite telling when it comes to potential upcoming acquisitions.
Strategy’s latest Bitcoin buy occurred on April 6th. They purchased 4,871 coins, spending over $329.8 million. This brought their total holdings to 766,970 BTC, which was valued around $54.5 billion at that time.
Based in Tysons Corners, Virginia, the company is maintaining its Bitcoin accumulation strategy even during a bear market that has driven prices to a two-year low, adversely affecting their Bitcoin assets.
Currently, Strategy faces nearly $14.5 billion in unrealized losses. The average cost per Bitcoin for the company stands at $75,644, which is about $5,000 less than the current market price.
In the first quarter of 2026, the company disclosed a loss of about $14.5 billion on its Bitcoin investments in a filing with the U.S. Securities and Exchange Commission (SEC).
Despite these unrealized losses, Strategy has been stockpiling Bitcoin more rapidly than miners can produce new coins. This has led some analysts to speculate that the supply of Bitcoin could tighten in the future.
In March, miners generated approximately 16,200 BTC, whereas Strategy added 46,233 BTC to its reserves, nearly tripling the supply produced by miners.
“The global consensus is that BTC is digital capital. The four-year cycle is over. Prices are now driven by capital flows. Banks and digital credit will determine Bitcoin’s growth trajectory,” Saylor stated back in April.
As per BitcoinTreasuries data, Strategy leads with 766,970 BTC in reserves, making it the largest Bitcoin treasury holder. The runner-up is Twenty One Capital, which has 43,514 BTC.
While many other Bitcoin treasury companies are showing signs of yielding in this tough market, Strategy continues to accumulate, resisting the ongoing bear trend. For instance, MARA Holdings sold 15,133 Bitcoins in March for around $1.1 billion but reinvested about $1 billion into zero-coupon convertible bonds at a discount.
Fred Thiel, the Chairman and CEO, noted that this deal enhances the company’s “financial flexibility” and expands its “strategic options,” as MARA looks to venture “beyond pure Bitcoin mining into digital energy and AI/HPC infrastructure.”
