Michael Saylor, the co-founder of Bitcoin (BTC<\/a>) treasury company Strategy, signaled that the company is acquiring more BTC, as the price retreated from the local high of over $73,000 reached this week.<\/p>\n \u201cThink bigger,\u201d Saylor said<\/a> on Sunday, while sharing the chart of Strategy\u2019s BTC purchase history that has become synonymous with imminent BTC acquisitions.<\/p>\n<\/div>\n Strategy\u2019s most recent BTC purchase<\/a> was April 6, when it bought 4,871 coins for more than $329.8 million, bringing its total holdings to 766,970 BTC, valued at about $54.5 billion using market prices at the time of publication, according<\/a> to the company.<\/p>\n The Tysons Corners, Virginia-based company continues accumulating BTC<\/a>, even amid a bear market that pushed Bitcoin\u2019s price down to two-year lows, putting Strategy\u2019s BTC treasury underwater.<\/p>\n Strategy\u2019s Bitcoin purchase history. Source: <\/em>Strategy<\/em><\/a><\/p>\n Related: <\/strong><\/em>Strategy set to resume buying Bitcoin via STRC: Will BTC price hit $80K?<\/strong><\/em><\/a><\/p>\n Strategy\u2019s average cost of acquisition per BTC is $75,644, nearly $5,000 less than the market price at the time of this writing.<\/p>\n The company reported a loss of nearly $14.5 billion on its BTC holdings for the first quarter of 2026, according to a filing<\/a> with the US Securities and Exchange Commission (SEC).<\/p>\n Despite the unrealized losses, Strategy continues to accumulate BTC at a faster rate than miners can produce new coins, leading some analysts to forecast a potential BTC supply squeeze.<\/p>\n Miners produced about 16,200 BTC in March, while Strategy accumulated 46,233 BTC during that same period, nearly three times the newly mined supply<\/a>.<\/p>\n Strategy\u2019s quarter-end BTC holdings. Source: <\/em>Strategy<\/em><\/a><\/p>\n \u201cThe global consensus is that BTC is digital capital. The four-year cycle is dead. Price is now driven by capital flows. Bank and digital credit will determine Bitcoin\u2019s growth trajectory,\u201d Saylor said<\/a> in April.<\/p>\n Strategy\u2019s 766,970 BTC reserve makes it the biggest BTC treasury company by holdings, according to BitcoinTreasuries<\/a>. The next largest is held by Twenty One Capital, which holds 43,514 BTC.<\/p>\n Strategy has bucked the trend during the ongoing bear market by continuing accumulation as other BTC treasury companies show signs of capitulation<\/a> amid a challenging business environment. MARA Holdings sold 15,133 Bitcoin in March for roughly $1.1 billion to buy back $1 billion of zero-coupon convertible notes at a discount.<\/p>\n Chairman and CEO Fred Thiel commented<\/a> that the transaction enhanced the company\u2019s \u201cfinancial flexibility\u201d and increased its \u201cstrategic optionality\u201d as MARA expands \u201cbeyond pure-play Bitcoin mining into digital energy and AI\/HPC infrastructure.\u201d<\/p>\n Magazine: <\/strong><\/em>Scottie Pippen says Michael Saylor warned him about Satoshi chatter<\/strong><\/em><\/a><\/p>\n<\/div>\n Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/p>\n![\"bitcoins\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/019d826d-ab74-7aca-ba02-199180f8aa67.png\" "\\"bitcoins\\"")
<\/figure>\nBitcoins Strategy is sitting on nearly $14.5 billion in unrealized losses<\/h2>\n
![\"bitcoins\"](\"https:\/\/s3-images.ctmedia.io\/media\/content\/019d826f-e48c-7fa6-ae8a-a85e75181209.png\" "\\"bitcoins\\"")
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