Key Takeaways:
- Strategy acquired 34,164 BTC for $2.54 billion on April 20, 2026, bringing total holdings to 815,061 coins.
- River data shows STRC preferred stock proceeds outpaced all spot Bitcoin ETF net inflows by nearly 10 to 1.
- At the current daily pace of 774 BTC, Strategy is projected to reach 1,000,000 Bitcoin by December 15, 2026.
River Says Strategy’s STRC Financing Outperforms Bitcoin ETFs Ten to One in 2026
The bitcoin treasury company Strategy (Nasdaq: MSTR) disclosed the purchase in an April 20 SEC filing. The 34,164 BTC cost roughly $2.54 billion, with an average price of $74,395 per coin. Executive chairman Michael Saylor remarked that the latest acquisition pushed the firm’s year-to-date bitcoin yield to 9.5%.
The buying is being driven largely by Strategy’s STRC preferred stock program, known as “Stretch.” The instrument pays an 11.5% monthly dividend yield to holders, allowing the company to raise capital without selling existing bitcoin. That capital goes directly into new purchases. Since January 2025, the firm has made 57 separate acquisitions totaling 367,593 BTC over sixteen months.
The scale of Strategy‘s buying is pulling far ahead of the U.S. spot bitcoin exchange-traded fund (ETF) market. According to data from the bitcoin investment platform River, the STRC program alone has purchased roughly 77,000 BTC so far in 2026. All U.S. spot bitcoin ETFs combined have seen net inflows of 8,000 BTC over the same period.
On X River wrote:
“STRC has bought 10X more bitcoin than all ETFs so far in 2026.”
Strategy currently holds bitcoin valued at approximately $58.7 billion and carries a net leverage ratio of around 10%. The latest purchase was funded through at-the-market (ATM) programs tied to both STRC shares and Class A common stock.
With 815,061 BTC on hand, the company needs another 184,939 coins to reach one million. At its historical rate of around 774 BTC per day (over the last 57 purchases), math puts the milestone around Dec. 15, 2026. Actual buying tends to happen in large bursts tied to financing windows, but the pace, at least so far, makes that target realistic within the calendar year.
Strategy Reveals Massive 34,164 Bitcoin Buy, Sending Total Holdings to 815,061 BTC
Strategy Inc. deepened its bitcoin exposure with a multibillion-dollar purchase, reinforcing corporate treasury demand for the asset. The move signals…
Strategy Reveals Massive 34,164 Bitcoin Buy, Sending Total Holdings to 815,061 BTC
Strategy Inc. deepened its bitcoin exposure with a multibillion-dollar purchase, reinforcing corporate treasury demand for the asset. The move signals…
Strategy Reveals Massive 34,164 Bitcoin Buy, Sending Total Holdings to 815,061 BTC
Strategy Inc. deepened its bitcoin exposure with a multibillion-dollar purchase, reinforcing corporate treasury demand for the asset. The move signals…
Strategy‘s holdings behave differently from ETF-held bitcoin. ETFs can see rapid outflows during price drops. Strategy treats its bitcoin as a permanent reserve asset and has given no indication it plans to sell. This has been seen even when BTC dropped below the company’s average buy position. That distinction affects how the company’s buying pressure registers in the market; the coins go in and stay there.
The path to a million bitcoin depends on continued demand for the STRC instrument and steady access to capital markets. Both conditions remain in place through April 2026.
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