MicroStrategy Returns to Bitcoin Accumulation With a $330M Buy; MSTR Rises 4%

MicroStrategy has restarted its Bitcoin buying spree, adding nearly $330 million worth of BTC and lifting investor sentiment. Following the disclosure, shares of MicroStrategy (MSTR) climbed more than 4%, while Bitcoin held firm near $69,500 as institutional accumulation continues. Executive Chairman Michael Saylor said the company bought 4,871 BTC for about $329.9 million, paying an average of $67,718 per coin. As of April 5, 2026, MicroStrategy reported total holdings of 766,970 BTC acquired for roughly $58.02 billion, implying an average purchase price of $75,644 per Bitcoin. The company remains one of the largest corporate holders of BTC. The latest purchase followed a brief pause. Regulatory filings showed no Bitcoin purchases between March 23 and March 29, when holdings stood at about 762,099 BTC with an average cost basis of $75,694. MicroStrategy also halted its at-the-market (ATM) share issuance during that window, ending a 13-week run of weekly accumulation that began in December 2025. Markets reacted quickly. On Monday, April 6, MSTR rose 4.23% intraday to $124.90. Sentiment had already been improving after Saylor posted a chart on X featuring "Orange Dot" markers used to signal prior buy dates, alongside the message "back to work." To fund additional purchases, MicroStrategy has leaned on structured capital-raising, including preferred equity instruments such as STRK and STRC. The firm has also lined up a $42 billion ATM facility, which it plans to use for future Bitcoin acquisitions once activated. On the price outlook, analyst Ted Pillows outlined two paths as Bitcoin tests the $69,000–$70,000 resistance zone. A reclaim could open the door to $72,000–$74,000. In a bullish continuation, a breakout and consolidation could eventually support a move toward $120,000 or higher, particularly if liquidity improves and the Federal Reserve moves toward rate cuts. Alternatively, a rejection at resistance could send BTC below $66,000 and into a deeper correction before demand re-emerges. In both cases, Pillows' longer-term view remains constructive. The original article appeared on The Coin Republic.