Strategy (formerly known as MicroStrategy) has added 6,556 Bitcoin (BTC) to its balance sheet

Strategy (NASDAQ:STRK) has added 6,556 Bitcoin (BTC) to its balance sheet, spending a total of $555.8 million for the new acquisition.

The purchase was funded by proceeds from the company’s two at-the-market (ATM) stock offerings. According to a regulatory filing, Strategy sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series, STRK, between April 14 and April 20. The common stock sale raised $547.7 million, while the preferred shares generated $7.8 million.

The company also disclosed that it bought 3,459 BTC on April 14 at an average price of $67,766 per coin, marking the resumption of its purchases after a seven-day pause.

The firm’s latest Bitcoin purchase follows a pattern of frequent buys since Michael Saylor, the company’s executive chairman, led the charge for significant Bitcoin purchases.

After reaching the peak of its buying spree in March 2020 with the acquisition of 8,000 BTC, the company had reduced its buying activity, buying only 1,000 BTC in the first quarter of 2023. However, it seems that Strategy is now planning to increase its Bitcoin purchases again.

As of April 20, Strategy’s total Bitcoin holdings reached 538,200 BTC, valued at $26.4 billion, and the firm’s realized gains from its Bitcoin sales amounted to $455 million.

The firm’s move to bolster its Bitcoin position follows a pattern of frequent buys since Saylor led the charge for significant Bitcoin purchases. The most recent purchase happened on April 14, when the firm bought 3,459 BTC, resuming its purchases after a 7-day stay.

During the quarter-to-date (QTD), Bitcoin has generated a 1% yield. Since the beginning of the year, Bitcoin has produced a 12.1% yield for Strategy, contributing to a significant $455 million gain from 5,209 BTC accumulated during the current quarter.

Moreover, Bitcoin’s gains for the year-to-date (YTD) have reached $4.72 billion, a positive reflection of the asset’s performance so far in 2025.

However, the company’s ongoing Bitcoin acquisition strategy has also drawn criticism. Well-known crypto critic Peter Schiff warned that Strategy’s continued Bitcoin purchases could eventually lead to losses.

Schiff noted that as the company acquires more Bitcoin, its average purchase cost increases, especially if Bitcoin’s price declines. He pointed out that the company still has a “paper gain” of around 25% on its holdings but suggested that a further drop in Bitcoin’s value could result in the company’s average BTC purchase cost exceeding the market price.

If this occurs, Strategy could be left holding its Bitcoin position at a loss, as the market value of its holdings would be lower than the amount paid.