Michael Saylor’s Strategy Acquires $2,540,000,000 Worth of Bitcoin in One of the Firm’s Largest Buys Ever
The Daily Hodl·60-word summary·1 min read
Michael Saylor’s firm Strategy bought 34,164 Bitcoin for $2.54 billion on April 21, 2026, marking one of its largest acquisitions. The company now holds 815,061 BTC, purchased for a total of $61.56 billion at an average price of $75,527 per Bitcoin. The recent purchase was made at an average of $74,395 per Bitcoin.
MicroStrategy (NASDAQ: MSTR) stock surged, driven by an 82% weekly gain in Bitcoin holdings, pushing the stock toward $200 by May. The company's aggressive Bitcoin purchases have significantly contributed to its bullish trajectory, with recent gains making it the highest in three months. This highlights MicroStrategy's strong link to Bitcoin's performance.
Greek maritime risk firm MARISKS warned of crypto scam demands near the Strait of Hormuz, where fraudsters ask ships for bitcoin or USDT payments for fake transit clearances. Reuters reports these scams target shippers, highlighting ongoing crypto-related fraud risks in maritime sectors, emphasizing the need for vigilance against digital asset scams in high-risk regions.
BlackRock's IBIT fund saw $871 million in weekly inflows, signaling strong institutional interest in Bitcoin. CEO Larry Fink has set a target of $500,000 per Bitcoin, sparking speculation about its potential. The fund's recent activity highlights BlackRock's significant role in the ongoing institutional adoption of cryptocurrencies as of April 2026.
Bitcoin (BTC) has reclaimed the $76,000 mark, reflecting recent positive momentum in the market. Over the past day, most top 100 cryptocurrencies experienced gains, with Stellar (XLM) jumping 7%. Pi Network (PI), however, remained among the few losers. The market's overall movement indicates renewed investor interest in major digital assets as of April 21, 2026.
Bitcoin risks falling below $70,000 as Strategy's STRC token drops below $100, signaling a potential pause in Bitcoin purchases this week. The decline in STRC suggests bearish pressure, which could lead to a price dip toward the $70,000 level. The development highlights ongoing market volatility and strategic shifts affecting Bitcoin's price trajectory.
Strategy and Bitmine have purchased $2.7 billion worth of Bitcoin and Ethereum through equity issuance. These equity-backed crypto acquisitions by public companies aim to stabilize major cryptocurrencies and establish a price floor, potentially reducing volatility. The move highlights institutional interest in crypto assets and could influence market stability moving forward.