Michael Saylor and MicroStrategy (MSTR) are dominating headlines today, April 20, 2026, as the company nears a historic milestone that would place nearly 4% of the total Bitcoin supply under its control.
1. The 800,000 BTC Milestone
Over the weekend, Saylor teased the market with a "Think Even Bigger" post on X. Data indicates that following an aggressive $2 billion buying spree between April 6 and April 17, MicroStrategy has likely crossed the 800,000 BTC threshold. As of today's official updates, the firm’s confirmed balance stands at 807,274 BTC, valued at approximately $59.1 billion.
2. "Bitcoin Gain" vs. Traditional Profit
Saylor is championing a new financial metric called "BTC Gain." He reported that in the first two weeks of April alone, MicroStrategy generated a "profit" of 17,585 BTC (worth ~$1.3 billion). Saylor argues this is the "closest concept to net profit" under a Bitcoin Standard, measuring how much more Bitcoin the company owns per share of stock issued.
3. The Path to 1 Million BTC
The company is no longer just buying Bitcoin; it is engineering new financial instruments to do so. Today, MicroStrategy proposed doubling the dividend frequency of its STRC preferred stock to semi-monthly. Saylor described this move as making the instrument "twice as good," positioning it as the primary "solution" to reach his ultimate goal: holding 1,000,000 BTC by the end of 2026.
Bottom Line: Saylor’s strategy has moved from simple accumulation to a full-scale institutional "Bitcoin machine." With an average cost basis of $75,577, the firm is currently hovering around break-even, but its stock (MSTR) is up nearly 30% this week as investors bet on his "Think Bigger" vision.
#MichaelSaylor #MSTR #MicroStrategy #bitcoin
Do you think Saylor’s "BTC Gain" metric will become the new standard for corporate treasuries?
