TL;DR
Strategy purchased 4,871 BTC for $330 million, total holdings now 762,099 Bitcoin (~$51.29B). Michael Saylor declared Bitcoin has won and the four-year halving cycle is dead. Next bull run driven by banking and credit infrastructure.
The Purchase
On April 6, 2026, Strategy purchased 4,871 Bitcoin at ~$67,700 per coin. The company has accumulated at multiple price points from sub-$30K to above $67K. This averaging reflects deep conviction rather than market timing.
Four-Year Cycle Is Dead
Saylor argues institutional adoption has changed Bitcoin's price discovery. Instead of supply cycles, banking and credit infrastructure will drive the next bull market. He believes Bitcoin bottomed at $60,000 in February.
Strategy vs BlackRock
BlackRock holds ~400,000 BTC through ETFs. Strategy holds 762,099 BTC directly. Strategy owns ~3.6% of all Bitcoin ever. Relative to liquid supply, that may be 10-15% of circulating coins.
Strategy buys 4,871 BTC for $330M. Total: 762,099 BTC ($51.29B). Saylor: Bitcoin has won. Four-year cycle is dead.
— @BitcoinMagazine April 6, 2026
FAQ
Why buy above $67K if bottom was $60K?
Saylor accumulates below long-term targets. A $7K difference on a $51B position is immaterial.
Is the four-year cycle actually dead?
Saylor argues institutional adoption is now dominant. Cycles may exist but are secondary to macro trends.
How significant is 762,099 BTC?
About 3.6% of total supply; 10-15% of liquid circulating supply when accounting for lost coins.
Disclaimer: This article is informational only and does not constitute financial advice. Consult a qualified financial advisor.