🟠 Last Bitcoin purchase

The most recent purchase occurred on April 20, 2026:

• Quantity purchased: 34.164 BTC

• Invested amount: US$ 2.54 billion

• Average price: US$ 74,395 per BTC

👉 After this purchase, the company began to hold:

• Total BTC: 815.061 bitcoins

• Total accumulated cost: US$ 33.1 billion

• Overall average price: US$ 66,384 per BTC

This represents something close to 3.9% of all the bitcoins that will exist — an extremely concentrated level.

💰 Current cash (liquidity)

The most recent data available indicates:

• Approximate cash: $2.25 billion

⚠️ Important:

This amount can vary greatly because the company constantly:

Issues shares

Issues preferred shares (with high interest, 11%+)

Uses this money to buy more Bitcoin

In other words, the cash is dynamic — it doesn't stay still, it's quickly converted into BTC.

📊 Strategic interpretation

The strategy basically turned into a 'leveraged Bitcoin ETF':

• Buy BTC aggressively, even at a high price

• Uses debt and issuance of shares to finance

• Maintains little cash proportionally to the size of the equity

Today it has:

• Over $60 billion in Bitcoin (depending on the price)

Relatively small cash compared to exposure

⚠️ Points of attention (important)

The strategy depends on Bitcoin rising faster than the cost of debt

In times of decline, the company has previously had billions in unrealized losses

Strong dilution of shareholders over time

🧠 Direct summary

📅 Last purchase: 34 thousand BTC in April/2026 ($2.5 billion)

🪙 Total: 815 thousand BTC

💰 Cash: $2.25 billion

🎯 Strategy: continuously convert capital into Bitcoin