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Strategy buys an additional 13,927 BTC for $1 billion
The largest public holder of Bitcoin ($BTC) has made another purchase for its treasury. According to a new report, Strategy acquired an additional 13,927 $BTC, spending approximately $1 billion.
The average entry price for the transaction was $71,902 per coin, bringing total holdings to 780,897 $BTC.
Bitcoin purchase chart. Source: Strategy.
On the way to 1 million BTC
Currently, the total value of the company’s portfolio exceeds $59.02 billion, with an average purchase price of $75,577 per Bitcoin. At the same time, the $BTC Yield metric, which reflects the increase in cryptocurrency per company share, has reached 5.6% since the beginning of 2026.
A user named Evan Reid calculated that if Strategy maintains its current purchasing pace — about 55,000 coins per month — the company will reach 1 million $BTC within four months, i.e., by fall 2026.
Michael Saylor explained the financial logic of the strategy:
“The break-even point for annual return (ARR) is only 2.05%. This means that if the market value of Bitcoin grows faster than this rate, the company will be able to sustain dividends on its shares indefinitely without issuing new securities,” he said.
“A ticking time bomb”
Such an aggressive debt model raises concerns among some market participants. Analyst Mando described Saylor’s logic as risky. According to his calculations, the company has issued more than $10 billion in preferred shares with yields of 10–11.5%.
The critic notes that with a cap of $25 billion for such issuances, annual payout obligations could range from $1 billion to $4 billion.
“Given that the company’s core IT business does not generate sufficient cash, Strategy will have to continuously sell common shares, cut dividends, or start selling Bitcoin,” he emphasized.
Investor and author of “The Bitcoin Age and the Great Harvest,” Adam Livingston, in turn, noted that in 2025 — a weak year for Bitcoin’s price — the company managed to raise $25.3 billion.
“This is 25 times higher than its current annual dividend obligations,” he said.
The expert added that in 2026 the company has already accumulated about $8 billion in external financing.
According to Livingston, when a company can raise the equivalent of its annual dividends in just one week and its balance sheet has resilience for decades ahead, debt risks remain manageable.
By the end of 2027, the expert forecasts that Strategy’s holdings will grow to 2 million $BTC.
