Strategy added 3,273 BTC, a smaller weekly purchase

Strategy expanded its treasury with a relatively smaller weekly purchase of 3,273 BTC. The latest addition reflects a week with no STRC raises. 

Strategy continued its BTC acquisition series with a smaller addition of 3,273 BTC, acquired at $77,906 per BTC. The company holds BTC at $75,537 per coin, currently with a growing unrealized gain. 

Strategy has acquired 3,273 BTC for ~$255.0 million at ~$77,906 per bitcoin and has achieved BTC Yield of 9.6% YTD 2026. As of 4/26/2026, we hodl 818,334 $BTC acquired for ~$61.81 billion at ~$75,537 per bitcoin. $MSTR $STRChttps://t.co/FjaqRDRNFF

— Strategy (@Strategy) April 27, 2026

As usual, the latest weekly BTC purchase by Strategy arrived after a message from its executive chairman, Michael Saylor. This time, he did not signal another outsized purchase, but showed the playbook is still viable. Saylor’s X influence continues to grow, as he recently surpassed 5 million followers. 

Public companies already hold 1.21M BTC, of which Strategy holds 818,334 BTC. The coin still accounts for 95.3% of treasuries by value. 

Strategy resorts to common stock purchases

The decisions on buying BTC do not hinge on the current market price, but on Strategy’s ability to raise funds. 

The latest purchase is the smallest in April, following the previous week’s addition of 34,164 BTC, the third-largest acquisition in history.

The main reason for the smaller purchase was that Strategy had to rely on MSTR common stock for the acquisition. Strategy raised and spent $255M, issuing 1.45M additional MSTR shares. 

Following the latest acquisition, MSTR traded close to a one-month high at $171.02. MSTR returned to acting as a multiplier for BTC, as the leading coin recovered and stabilized above $77,000. In the short term, MSTR dilution is not seen as a problem, as long as Strategy keeps its playbook alive. 

Strategy skips a week of STRC raises

The latest weekly purchase shows that Strategy is still going through a period of unreliable raises. The main attractor for STRC is securing the 11.5% yield, paid monthly. As a result, buyers cluster around the ex-dividend date, with slower demand for the rest of the month. 

STRC may also have a short-term effect on BTC prices, as last month’s purchases caused a BTC pump in the middle of the month.

STRC still trades within the price range for new sales. On Monday, Strategy sold $9M worth of STRC. The preferred shares saw a slowdown in volume but await a recovery in the coming months. Strategy will offer bi-weekly payouts to smooth out buying interest. 

As Strategy has signaled it will still rely on STRC, the playbook now depends on positive BTC returns. Without cash reserves or other inflows, preferred stocks build up an ever-larger burden to repay over the years. 

STRC offers one of the highest rates of return, as Strategy has a two-year runway to cover dividends. The company has stopped selling other preferred shares and is focusing on a single product, with $19.4B remaining to be raised. 

In the past months, STRC had volatility of 2-3%, remaining a relatively predictable market. The preferred stock’s risk-free rate is 3.7%, according to Strategy’s own data. 

The risk-free rate of return is based on a theoretical metric of expected returns without a risk of loss. However, the risk of a BTC bear market keeps the payouts higher to attract investors seeking reliable passive income. 

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