Bitcoin is slipping little by little yet again. Today, 28 April 2026, BTC USD is at $76,276, down from $79,280 just five days ago. The US-Iran conflict has been a curveball for crypto in general. Every time peace talks around the Strait of Hormuz collapse, BTC USD takes a hit. However, experts still believe an $80K breakout is on its way, maybe within a week.
Meanwhile, the biggest Bitcoin believer on the block, Michael Saylor, has disclosed a fresh Bitcoin acquisition of 3,273 BTC for $255 million in an SEC filing, cementing its position as the world's largest public Bitcoin holder with 818,334 total coins.
The purchase, executed between April 20 and 26 at an average price of $77,906 per Bitcoin, surpassed BlackRock's iShares Bitcoin Trust holdings of 812,300 BTC.
The acquisition was funded entirely through the sale of 1.45 million shares of Class A common stock (MSTR), raising $255 million. Strategy's total Bitcoin holdings are now valued at $63.6 billion against a cost basis of $61.8 billion, representing an average acquisition price of $75,537 per coin.
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Six Consecutive Weeks of Accumulation
This marks Strategy's sixth consecutive weekly Bitcoin purchase since late 2025, totaling over 22,000 BTC during this period despite significant market volatility. The buying streak has continued through price swings ranging from lows near $59,000 to the current levels above $77,000.
Unlike the previous week's acquisition of 34,164 BTC, the company's third-largest purchase on record, this transaction relied solely on equity sales rather than the company's perpetual preferred security (STRC). The approach signals Strategy's continued ability to raise capital through stock offerings as investor appetite for Bitcoin exposure remains strong.
Bitcoin advocate and Strategy investor Adam Livingston projects the company will reach 1.2 million BTC by the end of 2026, which would require acquiring an additional 381,666 coins at the current pace.
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MSTR Stock Surges on Bitcoin Breakout
Strategy's stock rallied 14.6% Friday morning as Bitcoin broke above $78,000, generating approximately $1.8 billion in unrealized gains on the company's holdings. The surge put MSTR on track for a 34% weekly gain and nearly erased its year-to-date losses, even as Bitcoin remains down over 10% for the year.
The stock's sensitivity to Bitcoin price movements makes it a leveraged play on cryptocurrency: with over 818,000 BTC, every $1,000 increase in Bitcoin's price adds approximately $780 million to Strategy's balance sheet value. If Bitcoin returns to its previous all-time high of $126,000, the company's holdings would be worth $98.4 billion at current levels.
However, Strategy's high average cost basis of $75,537 leaves it vulnerable to price drawdowns. Critics, including economist Peter Schiff, have questioned the timing of purchases, pointing to a January 2026 acquisition of 855 BTC at $87,974 that preceded a price drop below $78,000, temporarily creating $900 million in unrealized losses.
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