The world’s largest corporate bet on digital assets just hit a new milestone, but the market is giving it a cold shoulder. On Monday, April 20, 2026, Strategy (MSTR) revealed it bought another 34,164 Bitcoin (BTC-USD) for a huge $2.54 billion. While some wonder if Michael Saylor is being silly by buying so much at once, the company now owns more than 815,000 coins in total. Despite this massive update, shares of Strategy fell today as investors weigh the risks of the move.
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Strategy Adds $2.5 Billion in Bitcoin to its Massive Vault
The company is trading its cash and stock power for a giant piece of the total Bitcoin supply.
This latest buy happened between April 13 and April 19, with the company paying about $74,395 per coin. This is the third-largest Bitcoin purchase in the history of Strategy. The company has now spent a total of $61.56 billion to build its collection. Because the stock price dropped after the news, some traders are nervous about the timing of the buy. The move shows that Strategy, for a while, has been acting more like a giant Bitcoin fund than a traditional software business.
Special Dividends Help Pay for the Record Buying Spree
The company is using a unique type of investment tool to raise billions of dollars without just selling regular stock.
Most of the money for this $2.5 billion purchase came from a special investment called STRC. This tool provided about $2.18 billion of the total funds. CEO Phong Le said the company plans to pay dividends to these investors twice a month, which is very rare in the financial world. This system allows the firm to keep buying coins at a very fast pace. Last week, their buying volume was 518% higher than their recent average.
Investors Question the Risk as Debt for Crypto Grows
While the company’s holdings are bigger than some countries, the market is worried about using too much borrowed money.
The drop in Strategy stock today shows that many on Wall Street are debating if the company is taking on too much risk. To buy these coins, the company is taking on more financial duties and debt. Some analysts worry that if the price of Bitcoin falls sharply, these debts could become a major problem for the company.
However, the leadership at Strategy is staying the course, betting that the long-term value of Bitcoin will be worth the risk of borrowing so much today.
Is Strategy Stock a Buy, Hold, or Sell?
According to TipRanks, Strategy (formerly known as MicroStrategy) stock has a consensus Strong Buy rating among 12 Wall Street analysts. This rating is based on a unanimous 12 Buy ratings assigned in the past three months. The average 12-month MSTR price target of $279.58 implies 70.14% upside from current levels.
