Strategy purchased 4,871 BTC valued at $329.9M, raising total assets to 766,970 BTC. A debate on Bitcoin's performance erupted between Saylor and Schiff.
Strategy has announced a significant acquisition of 4,871 BTC valued at approximately $329.9 million, with an average cost of $67,718 per Bitcoin. This purchase has propelled the firm’s total assets under management to 766,970 BTC, now worth around $58 billion.
During the period from March 23 to 27, Bitcoin prices fluctuated above $70,000, but Strategy made no acquisitions. However, as prices stabilized near $67,000 last week, the firm seized the opportunity to buy more Bitcoin, continuing its trend of purchasing at local price peaks since the start of the year.
To fund these acquisitions, Strategy raised $474 million through various stock offerings. Despite these purchases, the firm reported a substantial "paper" loss of $14.46 billion on its digital assets in its latest quarterly financial results. While the company is eligible for certain tax benefits, it is unclear if it can fully utilize these, especially as it has set aside a $500 million reserve in anticipation of possible further declines in Bitcoin’s price.
Saylor and Schiff's Social Media Argument
The report sparked a heated exchange on social media between renowned Bitcoin advocate Michael Saylor and critic Peter Schiff. Schiff argued that Bitcoin has only risen by 12% over the past five years compared to greater increases in U.S. stock indices and gold. He questioned the long-term viability of holding Bitcoin, given these figures.
“Over the past five years, the price of Bitcoin is up by just 12%... Why should anyone keep HODLing it?” — Peter Schiff (@PeterSchiff) April 5, 2026
In response, Saylor highlighted the importance of specific timeframes, noting that since Strategy's active Bitcoin accumulation began in August 2020, Bitcoin has surged 36%. During this span, Bitcoin outperformed gold and various indices significantly.
“Since Aug 2020, Bitcoin is the top-performing major asset and it’s not even close,” — Michael Saylor (@saylor) April 5, 2026
As of early April 2021, when Bitcoin was priced around $57,000, the current trading price of approximately $69,300 indicates notable growth.
BitMine's Ethereum Accumulation
In related market news, BitMine Immersion Technologies reported acquiring 71,252 ETH, valued at $152 million, bringing its total Ethereum holdings to 4.8 million ETH, representing nearly 4% of the total supply. The firm is striving to achieve a 5% stake in Ethereum and recently launched MAVAN, a platform aimed at institutional staking for the cryptocurrency.
