Strategy's Bitcoin Holdings Surpass BlackRock with $3.6B April Gain

Strategy, the Bitcoin treasury company led by Executive Chairman Michael Saylor, reported that its BTC Gain has reached approximately $3.6 billion during April 2026, translating to an unrealized profit equivalent to 47,079 BTC. Saylor explained that the BTC Gain indicator represents "the nearest equivalent to Net Income on the Bitcoin Standard," serving as the company's primary measure of profitability under its Bitcoin-focused approach. The company achieved a 6.2% yield on Bitcoin during the first three weeks of April and reported a 9.5% year-to-date yield, underscoring the substantial returns generated by its aggressive acquisition strategy. In a world where traditional CFOs brag about quarterly earnings, Saylor casually measures success in Bitcoin — because nothing says "accounting innovation" quite like denominating your net income in a volatile digital asset.

The latest milestone follows a major acquisition announced on April 20, 2026, when Strategy purchased 34,164 BTC at a total cost of $2.54 billion, with an average purchase price of $74,395 per Bitcoin. As of April 19, the company reported holding a total of 815,061 BTC, valued at approximately $61.56 billion at the time of disclosure. The average acquisition cost for the entire holding stands at $75,527 per Bitcoin, representing the company's breakeven point. This purchase cemented Strategy's position as the world's largest corporate Bitcoin holder, surpassing BlackRock's iShares Bitcoin Trust, which holds 806,178 BTC in its IBIT ETF. Yes, you read that correctly — Strategy now holds more Bitcoin than the asset management giant that literally invented the phrase "institutional adoption."

Institutional interest in Strategy's MSTR stock continues to grow, with major asset managers expanding their exposure. Capital Group, acting through its American Funds Fundamental Investors fund, acquired an additional 4.32 million Strategy shares worth $747 million, bringing its total holdings to 10.33 million shares valued at approximately $1.78 billion. Separately, Vanguard Group, which manages over $12 trillion in assets under management, increased its MSTR position by adding $195 million worth of Strategy stock to its Mid-Cap Value ETF (VOE), reflecting the continued confidence of traditional finance giants in the company's Bitcoin strategy. Because nothing says "we're serious about disruption" quite like a $12 trillion asset manager casually adding seven figures of MSTR to its mid-cap value fund — right next to the dividend-paying utilities and regional banks.