--- title: "Strategy Buys 34,164 Bitcoin For $2.54 Billion: Will MSTR Rally?" type: "News" locale: "en" url: "https://longbridge.com/en/news/283364760.md" description: "Strategy Inc. (NASDAQ:MSTR) has acquired 34,164 Bitcoin for $2.54 billion, raising its total holdings to 815,061 BTC. The purchase, funded by $2.17 billion from preferred stock sales and $366 million from common stock offerings, is the company's third-largest acquisition. With Bitcoin trading around $75,000, the position is roughly breakeven. Strategy's preferred stock, STRC, has become a key funding source, offering an 11.5% annualized dividend. If Bitcoin reaches $162,000, MSTR could see significant earnings per share growth. Key support levels for MSTR are at $164.32 and $140.38." datetime: "2026-04-20T13:30:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283364760.md) - [en](https://longbridge.com/en/news/283364760.md) - [zh-HK](https://longbridge.com/zh-HK/news/283364760.md) --- # Strategy Buys 34,164 Bitcoin For $2.54 Billion: Will MSTR Rally? **Strategy Inc.** (NASDAQ:MSTR) has purchased of 34,164 **Bitcoin** (CRYPTO: BTC) for $2.54 billion at an average price of $74,395 between April 13 and April 19. ### The Third-Largest Purchase Strategy’s latest acquisition brings total holdings to 815,061 BTC, acquired for approximately $61.56 billion at an average cost basis of $75,527.  With Bitcoin trading around $75,000, the position sits roughly breakeven. The purchase ranks as Strategy’s third-largest on record and the biggest weekly acquisition since November 2024.  Michael Saylor gave his usual Sunday hint ahead of the announcement, sharing an update on Strategy’s Bitcoin acquisition tracker and stating “Think even bigger,” suggesting a more substantial purchase than the prior week’s 13,927 BTC. ### How It Was Funded The acquisitions were funded by $2.17 billion raised through sales of the company’s preferred stock STRC and $366 million from common stock offerings.  Strategy sold 2,165,000 MSTR shares and 21,795,389 STRC shares. Strategy still has significant fundraising capacity left, including $26.7 billion available under its MSTR stock program and $19.46 billion through STRC offerings. ### The STRC Engine STRC is a preferred stock that pays monthly dividends and currently offers an annualized rate of 11.5%. The stock has become Strategy’s primary funding source for Bitcoin purchases in recent weeks. Earlier in the week, STRC recorded a $1.1 billion trading day, up nearly 50% from its previous high. Strategy proposed shifting STRC’s dividend payment schedule from once per month to twice per month to reduce reinvestment lag and enhance liquidity. ### The $162K Math If Bitcoin closes the year at $162,000—28.5% higher than the previous all-time high—and Strategy makes no additional BTC purchases, MSTR would have earnings per share of $166, equal to Friday’s closing stock price. The **S&P 500** (NYSE:SPY) currently trades at an average P/E ratio of 28x, suggesting significant upside if Bitcoin reaches that level. ### The Chart Breakout Friday’s candle broke out of the descending wedge cleanly, clearing the 100 EMA at $164.32 in one session—a level that acted as resistance for weeks.  The SAR at $122.64 sitting far below confirms the daily trend has flipped. Today’s premarket pullback is a Monday morning cooldown after Friday’s 11% surge. Key support sits at $164.32 (100 EMA), then $140.38 (50 EMA). Resistance clusters at $180, then $207.57 (200 EMA), then $277. _Image: Shutterstock_ ### Related Stocks - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [BITF.US](https://longbridge.com/en/quote/BITF.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [SMST.US](https://longbridge.com/en/quote/SMST.US.md) - [MSTZ.US](https://longbridge.com/en/quote/MSTZ.US.md) - [07799.HK](https://longbridge.com/en/quote/07799.HK.md) - [07399.HK](https://longbridge.com/en/quote/07399.HK.md) ## Related News & Research - [Top Strategy Insider Makes Bold Move With Significant Share Sale](https://longbridge.com/en/news/282930279.md) - [Saylor's Strategy Holdings Top 800,000 Bitcoin After 3rd Biggest Purchase In History](https://longbridge.com/en/news/283369032.md) - [Strategy overtakes BlackRock IBIT in bitcoin holdings after bear market buying](https://longbridge.com/en/news/283473668.md) - [Bitcoin breaks Strategy's STRC ex-dividend date slump for the first time in six months](https://longbridge.com/en/news/283696097.md) - [Michael Saylor’s Strategy Unveils Massive $1,000,000,000 Bitcoin Purchase As BTC Shows Signs of Life](https://longbridge.com/en/news/282612021.md)