Strategy Acquires 4871 BTC Amid Saylor and Schiff Debate

Strategy acquired 4871 BTC valued at $329.9 million, amid a debate between Saylor and Schiff.

During the week starting March 30, Strategy reported the acquisition of 4871 BTC valued at $329.9 million. The average purchase price was $67,718 per coin. 

The firm’s total assets under management have reached 766,970 BTC, amounting to $58 billion. 

Between March 23 and 27, Strategy did not announce any additions to its bitcoin holdings. At that time, the leading cryptocurrency was trading above $70,000. 

Last week, prices stalled around the $67,000 mark, which was seized upon by Michael Saylor’s firm. Since the beginning of the year, the company has repeatedly acquired digital gold at local peaks. 

To finance new purchases, Strategy conducted several stock placements, raising a total of $474 million. 

Simultaneously, the firm published its financial results for the first quarter. The “paper” loss on digital assets reached $14.46 billion. 

The company has secured a tax credit but is uncertain about its applicability. Strategy has fully reserved this amount and is preparing an additional fund of $500 million in case of further bitcoin price declines. 

Schiff and Saylor’s Debate 

Following the report’s release, a debate erupted on social media platform X between noted bitcoin critic Peter Schiff and Michael Saylor. Schiff claimed that over the past five years, the leading cryptocurrency has risen only 12% compared to 57-59% for US stock indices and 163-181% for gold and 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) April 5, 2026

Saylor responded by emphasizing the importance of selecting timeframes. Schiff excluded the first year of Strategy’s active accumulation. Since August 2020, when the company adopted a bitcoin strategy, bitcoin has increased by 36% — reaching $67,000 by September 2021. 

The cryptocurrency outpaced gold by more than double, which gained 16% over the same period. It also surpassed the Nasdaq 100 index (15%), the S&P 500 (14%), real estate (5%), and US Treasury bonds (-1%). 

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 pic.twitter.com/2yQ3KGtz8w

— Michael Saylor (@saylor) April 5, 2026

Considering early April 2021 (with a rate around $57,000), the dynamics appear different. At the time of writing, digital gold is trading around $69,300. 

BitMine Accumulates Nearly 5% of Ethereum Supply

BitMine Immersion Technologies reported the purchase of 71,252 ETH valued at $152 million over the week. 

🧵
1/
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 (@coinbase)
— 198 Bitcoin (BTC)
— $200 million stake in Beast Industries @MrBeast
— $92 million stake…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) April 6, 2026

In total, the firm has accumulated 4.8 million ETH worth $11.4 billion — nearly 4% of Ethereum’s supply. BitMine’s goal is to accumulate 5% of the leading altcoin’s supply. 

At the end of March, the company introduced the institutional platform MAVAN, designed for staking the second-largest cryptocurrency by market capitalization.