Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends The company bought nearly three times more bitcoin than miners produced in March and is signaling it isn't done, even as its holdings remain billions underwater. By Shaurya Malwa Apr 13, 2026, 5:01 a.m. Make preferred on What to know : Michael Saylor signaled that Strategy is preparing another major bitcoin purchase, teasing it with a "think bigger" post that has preceded past acquisitions. Strategy now holds 766,970 bitcoin bought at an average price of $75,644, leaving it with about $14.5 billion in unrealized losses even as it continues to buy at a pace far exceeding new supply. The company is funding its accumulation through its STRC preferred equity product, which requires only about a 2.05 percent annual bitcoin return to cover dividends but could be vulnerable if prices stagnate or fall for an extended period. Strategy co-founder Michael Saylor signaled an imminent bitcoin purchase on Sunday, posting "think bigger" alongside the company's BTC acquisition tracker that has preceded every major buy since 2020. Think ₿igger. pic.twitter.com/L1yH3n0k7t — Michael Saylor (@saylor) April 12, 2026 The company has made 105 bitcoin purchases since it began accumulating in August 2020. Its most recent, on April 6, added 4,871 BTC for $329.8 million. Total holdings stand at 766,970 BTC acquired at a blended cost basis of $75,644, roughly $5,000 above the current market price and representing $14.5 billion in unrealized losses that Strategy disclosed in a first-quarter SEC filing. The company is buying at a pace that dwarfs new supply. Strategy accumulated 46,233 BTC in March while miners produced approximately 16,200, meaning a single company absorbed nearly three times the bitcoin that the entire global mining network generated in the same period. Meanwhile, Saylor also disclosed that Strategy's breakeven annual return rate on its STRC preferred equity product is approximately 2.05% . If bitcoin appreciates faster than that over time, the company can cover its preferred dividends indefinitely without issuing new MSTR shares. The number quantifies both the appeal and the fragility of the funding model. A 2% hurdle is low by historical bitcoin standards, but it assumes bitcoin never goes sideways or down for an extended period while the dividends keep compounding. STRC is the mechanism that makes the buying machine run. The preferred equity product saw hundreds of millions in new inflows around its recent ex-dividend date, providing the capital for continued accumulation. the company keeps buying as long as investor appetite for STRC holds. Bitcoin traded at $71,800 on Monday, up 7.9% on the week and holding above $70,000 for the fourth consecutive session since the Iran ceasefire was announced. Whether Saylor's "think bigger" translates into a purchase large enough to move the market depends on the size. At Strategy's recent pace of 40,000-plus BTC per month, the next filing could push total holdings past 800,000 before the end of April. More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research Mar 31, 2026 Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out By Will Canny , AI Boost | Edited by Jamie Crawley 14 hours ago Jurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks. What to know : Oil backwardation, stable credit spreads, and modest equity drawdowns suggest investors expect tensions around Iran to resolve. Bitcoin, in particular looks technically interesting to Timmer, with the $65,000 level acting as solid support. 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