Strategy Corporation, the largest corporate investor in Bitcoin, has released its financial report for the first quarter of 2026. According to the document, the company recorded an unrealized loss of $14.46 billion, attributed to a significant drop in the market value of Bitcoin.
This is reported by Finway
Increase in Bitcoin Portfolio and Average Purchase Price
During the reporting period, Strategy significantly expanded its cryptocurrency portfolio by acquiring 88,316 BTC. As of March 31, 2026, the company controlled 762,099 BTC, valued at $57.69 billion with an average purchase price of $75,694 per unit.
In April 2026, Strategy continued to replenish its reserves: during the first five days of the month, an additional 4,871 BTC were purchased. The total amount of Bitcoin owned by the company rose to 766,970 BTC, while the average purchase price decreased to $75,644 per coin.
Despite this, the average price significantly exceeds the current market value of Bitcoin, which at the time of preparing this report was $68,445, according to TradingView.
“The company reported an associated deferred tax benefit of $2.42 billion. This partially offsets the high paper loss in subsequent periods.”
Financing Acquisitions: Strategy and Market Dynamics
To finance its active Bitcoin purchases, Strategy, like other companies in the DATs category, utilizes an ATM program. Under this program, Strategy issues its own securities, and the funds raised are directed towards the purchase of crypto assets and supporting operational activities.
Recently, the company updated its capital-raising strategy. The focus is now on Class A shares (MSTR) and variable-rate preferred shares (STRC) instead of bonds, as it was previously. However, the goal of raising $42 billion remains unchanged.
It is worth noting that despite the losses, MSTR shares have shown a slight increase on the daily chart.
According to experts, Strategy continues to play a key role in the DATs sector. The further development of this market largely depends on the company’s tactics and actions in the crypto market.