- Bitcoin development company Strategy increases its digital asset holdings by 4,871 BTC after a $329.9 million purchase.
- Michael Saylor and Adam Back advise against drastic changes in Bitcoin’s design amid efforts to scale it for post-quantum migration.
Strategy (formerly MicroStrategy) announced on Monday its acquisition of 4,871 Bitcoin (BTC) for $329.9 million, at an average of $67,718 per BTC, from April 1 to 5. The move comes after it skipped the usual purchases the previous week.
The company sourced the funds for its recent Bitcoin transactions from Variable Series A Perpetual Stretch (STRC) Preferred Stock and Class A Common (MSTR) Stock offerings from March 31 to April 5.
Strategy’s Bitcoin Portfolio
The latest batch of purchases elevated Strategy’s haul to 766,970 BTC, which it secured for $58.02 billion at an average of $75,644 per BTC. The figures account for around 3.83% of Bitcoin’s 21.01 million circulating supply.
According to Strategy’s 2026 Q1 Financial Update ending on March 31, it had $14.46 billion in unrealized losses on digital assets due to the massive decline in Bitcoin’s value following its deep correction after reaching an all-time high of $126,198.07 in October last year. Meanwhile, it reported $2.42 billion associated with deferred tax benefits during the same quarter.
Despite Strategy’s massive unrealized loss, Michael Saylor, the company’s Executive Chair, is bullish on Bitcoin’s eventual turnaround in momentum. He claimed global consensus considers BTC as “digital capital.”
Additionally, Saylor highlighted that Bitcoin’s traditional four-year cycle no longer dictates its price trends. Instead, banks and digital credit now determine its growth trajectory. He said the only risk to its system is “bad ideas driving iatrogenic protocol changes” as it transitions to a post-quantum (PQ) state.
Bitcoin’s Post-Quantum Migration
Bitcoin’s PQ migration is one of the hottest topics online, as Google recently warned that Q-Day, the theoretical moment when quantum computers gain the capability to crack BTC and most cryptocurrencies’ cryptographic systems, is coming soon. The giant tech firm’s Quantum AI team estimated that the event could arrive as early as 2029.
Adam Back, CEO of Blockstream and a confidant of the pseudonymous Satoshi Nakamoto, claimed that many quantum researchers have either misunderstood or underestimated Bitcoin’s design. He argued Google’s latest paper appears to have misinterpreted Taproot and Schnorr signatures.
Back added researchers failed to realize that Bitcoin’s architecture was already designed to accommodate PQ schemes between 2018 and 2019 via the Tapleaf mechanism. Hence, he recommended a “step-up sequence” to implement BTC’s quantum-proofing, providing users with extended migration time before deprecating ECDSA/Schnorr signatures.
Back’s suggestion mirrors Saylor’s caution in rolling out PQ upgrades for Bitcoin to prevent unintended vulnerabilities that bad actors may exploit, as well as network fragmentation or forks that may be more damaging to the ecosystem than the quantum threat itself.
