Strategy Adds 4,871 BTC for $329.9M as Saylor and Peter Schiff Clash Over Bitcoin Returns

Strategy reported the acquisition of 4,871 BTC worth $329.9 million during the week starting March 30, at an average price of $67,718 per coin. The purchase coincided with a heated public exchange between Michael Saylor and longtime Bitcoin critic Peter Schiff over the cryptocurrency's actual long-term performance.

Purchase Details and Strategy's Financial Position

The latest acquisition brings Strategy's total Bitcoin holdings to 766,970 BTC, valued at approximately $58 billion. The firm maintains its position as the largest publicly traded corporate Bitcoin holder.

Notably, Strategy did not announce any Bitcoin purchases between March 23 and 27, when BTC was trading above $70,000. Last week, as the price dipped toward $67,000, Saylor's firm capitalized on the pullback. Throughout 2026, Strategy has repeatedly bought digital gold at local highs.

To fund the acquisitions, Strategy executed several equity offerings that raised a combined $474 million. Simultaneously, the company disclosed its Q1 financial results, revealing an unrealized loss of $14.46 billion on digital assets. While Strategy qualified for a tax benefit, it expressed uncertainty about its ability to utilize it. The full amount has been reserved, and the firm is building an additional $500 million fund to cushion against further Bitcoin price declines.

Why This Matters

Strategy's continued accumulation sets the benchmark for institutional Bitcoin demand. The fact that the company keeps buying even with $14.46 billion in paper losses underscores Saylor's unwavering long-term conviction. Meanwhile, the decision to establish a $500 million contingency fund signals that management is bracing for potential deeper corrections — a move the market interprets with mixed sentiment.

Saylor and Schiff Debate Bitcoin's Track Record

Following the earnings release, a sharp exchange erupted on X between Peter Schiff and Michael Saylor. Schiff argued that over the past five years, Bitcoin gained just 12%, compared to 57.4% for the NASDAQ, 59.4% for the S&P 500, 163% for gold, and 181% for silver.

"Over the past five years, the price of Bitcoin is up by just 12%. Over the same time period, the NASDAQ is up 57.4%, the S&P 500 is up 59.4%, gold is up 163%, and silver is up 181%. If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?" — Peter Schiff (@PeterSchiff), original post

Saylor fired back, emphasizing the importance of timeframe selection. He pointed out that Schiff deliberately excluded the first year of Strategy's active Bitcoin accumulation. Since August 2020 — when the company adopted its Bitcoin strategy — BTC rose 36% to $67,000 by September 2021, outpacing gold (16%) by more than double. The Nasdaq 100 (15%), S&P 500 (14%), real estate (5%), and U.S. Treasuries (-1%) all trailed behind.

"Timeframes matter. Since Aug 2020, Bitcoin is the top-performing major asset and it's not even close. Zoom out further and the gap only widens. $BTC" — Michael Saylor (@saylor), original post

However, choosing a different starting point — early April 2021, when BTC was around $57,000 — paints a less favorable picture. At the time of writing, Bitcoin was trading near $69,300.

BitMine Accumulates Nearly 4% of Ethereum Supply

In related corporate crypto news, BitMine Immersion Technologies reported purchasing 71,252 ETH worth $152 million over the past week. The company's total Ethereum holdings now stand at 4.8 million ETH valued at $11.4 billion — representing nearly 4% of Ethereum's total supply.

"BitMine provided its latest holdings update for April 6, 2026: $11.4 billion in total crypto + 'moonshots': — 4,803,334 ETH at $2,123 per ETH — 198 Bitcoin (BTC) — $200 million stake in Beast Industries — $92 million stake…" — Bitmine (NYSE-BMNR) (@BitMNR), original post

BitMine's stated target is to accumulate 5% of the leading altcoin's supply. In late March, the company launched MAVAN, an institutional platform designed for staking the second-largest cryptocurrency by market capitalization.