Strategy now holds 815,061 BTC, more than IBIT’s 802,824 BTC

Strategy said it posted a 6.2% BTC Yield and a ₿47,079 BTC Gain in the first three weeks of April. Michael Saylor put that at roughly $3.6 billion.

Saylor said, “Strategy has generated 6.2% BTC Yield and ₿47,079 of BTC Gain in the first three weeks of April, worth approximately $3.6 billion. BTC Gain is the closest analog to Net Income on the Bitcoin Standard.”

The company also moved back ahead of BlackRock’s iShares Bitcoin Trust, or IBIT, for the first time since the second quarter of 2024. Strategy, the biggest public company holder of BTC, recently revealed its third-largest Bitcoin buy ever after picking up 34,164 BTC.

That pushed its total holdings to 815,061 BTC, which puts Strategy ahead by more than 12,000 BTC. IBIT grew very fast after launch and became the fastest ETF in history to reach $70 billion in assets.

At the start of the first quarter of 2024, Strategy held 189,150 BTC, but by early in the second quarter, IBIT had hit 273,000 BTC, while Strategy had around 214,400 BTC. Throughout 2025, IBIT stayed on top of everyone else in the market.

Strategy is an operating company that uses financial tools to buy more Bitcoin, which includes market stock sales, convertible debt, and perpetual preferred securities.

IBIT is a spot ETF. It is built to track Bitcoin’s price and give investors direct exposure without leverage or company operating risk.

The market has priced them very differently, too. Since listing in January 2024, IBIT is up around 55%. Strategy is up roughly 250%, helped by its leveraged setup. The company also kept buying during the recent market drop. While Bitcoin fell more than 50% from its October all-time high, Strategy increased its pace and added nearly 80,000 BTC in 2026.

Stretch goes after Strategy income investors

Strategy, which used to be called MicroStrategy, created the public market Bitcoin treasury model that many others later followed. Its newest product, Stretch, is aimed at people looking for income. It pays monthly, offers an annualized yield of about 11.5%, and is built to stay close to its $100 par value per share.

The product is backed by Strategy’s Bitcoin holdings. It combines parts of bonds, money market funds, and Bitcoin exposure, but it does not fully fit into any one of those categories. That leaves open the question of whether it is a solid income product or something that could end badly for buyers.

On the chart, MSTR is above the SMA-20 at $133.15 and the SMA-50 at $133.60, but it is still below the long-term SMA-200 at $242.17.

The Ichimoku Kijun at $145.08 is the closest support level right now. Overbought readings are showing across the RSI at 71.95, Stoch RSI at 100.00, CCI at 268.96, and Bull/Bear Power.

The MACD and Awesome Oscillator are neutral, while the ADX stays low. Over the next five sessions, MSTR is expected to trade between $156.00 and $167.50. The main view is that the stock stays inside that range as weekly momentum weakens and buyers lose some short-term control.

The odds of a breakout above resistance are seen at under 20%, a drop below $156.00 would point bearish, but a rally above $167.50 will hand full control to the bulls.

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