MicroStrategy acquired 4,871 Bitcoin (BTC) for approximately $329.9 million at an average price of $67,718, buying aggressively below its cost basis while almost every other corporate buyer remained silent.
The purchase brings the strategy’s total holdings to 766,970 BTC. The company has now spent approximately $58.02 billion accumulating Bitcoin, with an average of $75,644 per coin.
MicroStrategy is buying when no one else is
The headline figure is modest by the strategy’s own standards. Earlier in 2026, the company manufactured it The largest single purchase of the year, 22,337 BTC for $1.57 billion.
However the context is about Latest purchase It tells a different story.
Over the past 30 days, Strategy has purchased approximately 45,000 Bitcoin. All other publicly traded treasury companies combined added just 1,000 BTC in the same period.
Purchases by non-strategic companies have fallen 99% from their peak in August 2025, when the broader group bought 69,000 bitcoins in one month.
MicroStrategy Now He carries Roughly 76% of all bitcoins are on the balance sheets of publicly traded companies. The company has added about 90,000 BTC year-to-date, while all other treasury companies combined have contributed a net 4,000 BTC.
This focus makes each new strategy file less important in terms of size and more in terms of conviction.
The company is stacked with prices well below its hybrid average, effectively driving down its cost basis while competitors sit on the sidelines.
The average purchase price of $67,718 matters more than quantity. It is about $8,000 lower than the overall strategy average of $75,648, meaning that every coin added at this level improves the overall position of the company.
What makes this top signal?
MicroStrategy’s market cap to NAV ratio is around 0.85, meaning its shares are trading at less than the value of its Bitcoin holdings.
This dynamic raises questions about whether continued issuance of shares dilutes existing shareholders. However, Saylor and his team are betting that continued below-average buying will happen Prove the approach over time.
At the same time, the gap between strategy and… BlackRock’s iShares Bitcoin Trust (IBIT) It narrowed to approximately 15,000 BTC.
IBIT held approximately 782,475 BTC as of this writing, up only about 8,484 BTC year-to-date, compared to Strategy’s 90,000 BTC high.
Strive to follow the MicroStrategy playbook
The strategy is not entirely alone. Strife Inc. (Nasdaq: ASST). Bitcoin treasury company founded by Vivek RamaswamyIt separately announced the purchase of 113 bitcoins for $7.75 million at an average cost of about $68,577 per coin. This brings Strive’s total holdings to 13,741 BTC as of April 2.
The meter varies widely, but the sign rhymes. Strive also bought below its historical average and continued to increase while most corporate buyers paused.
In March the company Purchased $50 million of Strategy’s STRC preferred stockan investment that links its returns in part to Strategy’s Bitcoin accumulation strategy.
“We believe digital credit can be a multi-trillion-dollar opportunity, and each update today is aimed at improving the credit quality and lowering the expected volatility profile of our digital credit product, SATA.” He reads Excerpt from the ad quoted by Cole.
It is striving to accumulate most of its bitcoins through private placement proceeds and its own funds Acquisition of Semler Scientific CompanyWhich contributed 5,048 Bitcoin.
The company reported a “Bitcoin return” of 22.2% in the fourth quarter of 2025, a proprietary metric that tracks the percentage change in Bitcoin per share.
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