Strategy’s Class A shares (MSTR) are moving higher after the company disclosed another large bitcoin accumulation. A regulatory update covering April 6–12, 2026 shows Strategy acquired 13,927 BTC for about $1.0 billion at an average price of $71,902 per coin, a disclosure that typically pushes MSTR as investors treat the stock as a leveraged bitcoin proxy. (sec.gov)

The same update puts Strategy’s total bitcoin holdings at 780,897 BTC as of April 12, 2026, with an aggregate purchase price of about $59.02 billion and an average cost basis of $75,577 per bitcoin (including fees and expenses). The company said the week’s purchases were funded entirely through at-the-market sales of its STRC preferred stock rather than MSTR common issuance, which can be seen as supportive for the common shares on days when investors are focused on dilution risk. (stocktitan.net)

Because Strategy’s balance sheet is dominated by bitcoin, incremental buying updates tend to reprice the equity quickly—especially when bitcoin is firm—since the disclosure increases the company’s BTC exposure while signaling continued access to funding via preferred issuance. The week prior (April 1–5) also featured additional BTC buying and highlighted the accounting volatility tied to digital-asset mark-to-market swings, keeping investor focus tightly on the size, pace, and financing of new bitcoin purchases. (stocktitan.net)