Strategy co-founder Michael Saylor signaled an imminent bitcoin purchase on Sunday, posting "think bigger" alongside the company's $BTCacquisition tracker that has preceded every major buy since 2020.

Think ?igger. pic.twitter.com/L1yH3n0k7t

— Michael Saylor (@saylor) April 12, 2026

The company has made 105 bitcoin purchases since it began accumulating in August 2020. Its most recent, on April 6, added 4,871 $BTCfor $329.8 million. Total holdings stand at 766,970 $BTCacquired at a blended cost basis of $75,644, roughly $5,000 above the current market price and representing $14.5 billion in unrealized losses that Strategy disclosed in a first-quarter SEC filing.

MSTR is buying at a pace that dwarfs new supply. Strategy accumulated 46,233 $BTCin March, while miners produced approximately 16,200 $BTC, meaning a single company absorbed nearly three times the bitcoin that the entire global mining network generated in the same period.

Meanwhile, Saylor also disclosed that Strategy's breakeven annual return rate on its STRC preferred equity product is approximately 2.05%. If bitcoin appreciates faster than that over time, the company can cover its preferred dividends indefinitely without issuing new MSTR shares.

The number quantifies both the appeal and the fragility of the funding model. A 2% hurdle is low by historical bitcoin standards, but it assumes bitcoin never goes sideways or down for an extended period while the dividends keep compounding.

STRC is the mechanism that makes the buying machine run. The preferred equity product saw hundreds of millions in new inflows around its recent ex-dividend date, providing the capital for continued accumulation. Strategy keeps buying as long as investor appetite for STRC holds.

Bitcoin traded at $71,800 on Monday, according to CoinDesk data, up 7.9% on the week and holding above $70,000 for the fourth consecutive day since the Iran ceasefire was announced.

Whether Saylor's "think bigger" translates into a purchase large enough to move the market depends on the size. At Strategy's recent pace of 40,000-plus $BTCper month, the next filing could push total holdings past 800,000 before the end of April.

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