Strategy Bitcoin Stockpile Nears BlackRock ETF After $1B Buy

Strategy disclosed a $1 billion Bitcoin purchase on April 13, 2026, bringing its total holdings to 780,897 BTC and narrowing the gap with BlackRock’s iShares Bitcoin Trust to roughly 8,000 coins.

The company’s latest Form 8-K filing revealed it acquired 13,927 BTC between April 6 and April 12, 2026, at an average price of $71,902 per bitcoin. The purchase was funded through the sale of 10,028,363 STRC shares, which generated $1,001.3 million in net proceeds.

Strategy’s aggregate Bitcoin stockpile now stands at 780,897 BTC, acquired for a cumulative $59.02 billion at an average cost of $75,577 per bitcoin. That average sits above the current spot price, which traded near $72,095 at press time.

Michael Saylor amplified the filing on X shortly after it was published.

Strategy has acquired 13,927 BTC for ~$1.00 billion at ~$71,902 per bitcoin and has achieved BTC Yield of 5.6% YTD 2026. As of 4/12/2026, we hodl 780,897 $BTC acquired for ~$59.02 billion at ~$75,577 per bitcoin. $MSTR $STRC https://t.co/xVKjg2cEVP

— Michael Saylor (@saylor) April 13, 2026

Source: @saylor on X

How Close Strategy Is to BlackRock’s Bitcoin ETF Holdings

BlackRock’s IBIT, the largest U.S. spot Bitcoin ETF, held 788,927.2 BTC as of April 10, 2026. That puts Strategy just 8,030 BTC behind the fund, a gap that could close with one or two more weekly purchases at the company’s recent pace.

The comparison matters because these are fundamentally different accumulation vehicles. IBIT pools demand from thousands of institutional and retail investors through a regulated ETF wrapper, while Strategy concentrates Bitcoin exposure on a single corporate balance sheet funded by equity and debt issuance. The fact that one company is approaching parity with the largest pooled investment product underscores the scale of Strategy’s treasury commitment.

IBIT reported net assets of $57.67 billion and 1,391,920,000 shares outstanding on April 10, with a basket bitcoin amount of 22.67 BTC per creation unit. Strategy’s $59.02 billion cumulative cost basis actually exceeds IBIT’s net asset value, though Strategy acquired much of its stack at higher prices during previous market cycles.

The sustained interest in crypto ETF products this year has kept IBIT’s holdings growing steadily, making Strategy’s pursuit of the top spot a moving target rather than a fixed finish line.

What the Stockpile Race Signals for Bitcoin Market Sentiment

Strategy’s continued buying arrives during a period of broad market unease. The Fear & Greed Index sat at 12, deep in “Extreme Fear” territory, at the time of the filing. Saylor’s willingness to deploy $1 billion in a single week against that backdrop reinforces the company’s contrarian accumulation strategy.

Exchange reserves have been a closely watched metric throughout 2026 as large holders move coins into cold storage. Strategy’s purchases alone account for a meaningful share of weekly spot market volume, which stood at $32.1 billion over the prior 24 hours.

The narrowing gap between a single corporate treasury and the world’s largest Bitcoin ETF also complicates how investors think about concentration risk. If Strategy overtakes IBIT, one company would hold more Bitcoin than any pooled investment vehicle, a scenario with few precedents in traditional commodity markets.

Meanwhile, geopolitical uncertainty and high-profile security incidents across the broader crypto ecosystem have kept sentiment subdued. Whether Strategy’s aggressive accumulation serves as a floor for prices or simply reflects one firm’s conviction remains the central tension in this market cycle.

The next weekly 8-K, expected around April 20, will reveal whether Strategy maintained its buying pace and whether the gap to IBIT continued to shrink.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.