Strategy shares are trading higher as investors react to the company’s most recent Bitcoin-treasury update. In a Form 8-K dated April 13, 2026, the company disclosed it acquired 13,927 bitcoin during April 6–12 for approximately $1.00 billion at an average purchase price of $71,902, lifting total holdings to 780,897 bitcoin.

The same filing showed the purchases were funded with proceeds from at-the-market offerings, with substantial activity in the company’s variable-rate preferred (STRC). Strategy reported selling 10,028,363 STRC shares during April 6–12 for roughly $1.001 billion of net proceeds, while reporting no sales of MSTR common stock during that week.

MSTR commonly trades as a high-beta proxy for Bitcoin because the company’s balance sheet is dominated by its BTC position and ongoing, programmatic accumulation. The size of the disclosed weekly purchase—and the continued use of preferred issuance rather than common-stock sales—can be read by the market as reinforcing the company’s ability to keep increasing Bitcoin per share, supporting the equity on days when crypto sentiment is constructive.