Strategy, the largest corporate Bitcoin treasury, has moved back ahead of BlackRock’s iShares Bitcoin Trust in Bitcoin holdings after announcing one of its biggest purchases to date.
The company said on April 20 that it bought 34,164 BTC for about $2.54 billion at an average price of $74,395 per coin, lifting Strategy’s total holdings to 815,061 BTC. BlackRock’s IBIT, by comparison, held 802,824 BTC as of April 20, leaving Strategy with a lead of about 12,200 BTC.
The company’s total Bitcoin stash was acquired for roughly $61.56 billion at an average price of $75,527 per coin. With Bitcoin trading near $76K at press time, Strategy’s holdings were in a slight unrealized profit.
The reversal is notable because IBIT overtook Strategy in early 2024 and held the lead for most of the period since then as ETF inflows accelerated. Strategy held 189,150 BTC at the start of the first quarter of 2024, while IBIT had already climbed to roughly 273,000 BTC by early second quarter and stayed ahead until Strategy’s latest round of dip buying pushed it back on top.
Strategy has stepped up accumulation during Bitcoin’s latest drawdown. The company added nearly 80,000 BTC in 2026 before this week’s announcement, and the newest purchase alone was funded mainly through capital raised in the market.
According to Strategy’s latest 8 K, the company sold 21,795,389 shares of its STRC perpetual preferred stock for about $2.18 billion in net proceeds during the week of April 13 to April 19, while also raising another $366 million through MSTR share sales.
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