Image credit: Strategy
Strategy has resumed Bitcoin purchases, buying 535 BTC for about $43 million after a one-week pause in acquisitions.
The company bought the Bitcoin between May 4 and May 10 at an average price of $80,340 per coin, according to reports citing a Monday filing with the U.S. Securities and Exchange Commission. The purchase brings Strategy’s total holdings to 818,869 BTC.
Holdings Rise to 818,869 BTC After $43M Buy
Strategy’s full Bitcoin position was acquired for about $61.86 billion at an average purchase price of $75,540 per BTC. At recent market prices, the company’s Bitcoin stash is worth more than $66 billion.
The latest purchase is smaller than many of Strategy’s earlier buys, but it shows the company is back in the market after a brief break.
231,324 MSTR Shares Helped Fund Purchase
Strategy funded the purchase mostly through MSTR common stock sales, along with a small amount of STRC preferred stock. The company sold 231,324 common shares and a small amount of preferred stock to raise funds for the Bitcoin purchase.
Strategy has repeatedly used share and preferred stock sales to fund Bitcoin purchases. The model can dilute shareholders while increasing the company’s Bitcoin exposure.
535 BTC Buy Follows Saylor Sale Comments
The purchase came days after Michael Saylor said Strategy could sell a small amount of Bitcoin to fund preferred stock dividends if needed.
The comment drew attention because Saylor has long promoted a public “never sell” approach to the company’s Bitcoin holdings.
The 535 BTC purchase reinforces that Strategy remains a net buyer, even as management leaves room for limited Bitcoin sales under specific financing conditions.
Strategy Holds About 3.9% of Bitcoin Supply
Strategy remains the largest corporate Bitcoin holder by a wide margin. Its 818,869 BTC position represents roughly 3.9% of Bitcoin’s fixed 21 million supply.
For investors, the latest purchase keeps the main MSTR story largely unchanged. Strategy is still using capital markets to expand its Bitcoin position while the stock remains closely tied to Bitcoin prices, financing conditions and investor appetite for its preferred-share structure.
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Fhumulani Lukoto
Cryptocurrency Journalist
Fhumulani Lukoto holds a Bachelors Degree in Journalism enabling her to become the writer she is today. Her passion for cryptocurrency and bitcoin started in 2021 when she began producing content in the space. A naturally inquisitive person, she dove head first into all things crypto to gain the huge wealth of knowledge she has today. Based out of Gauteng, South Africa, Fhumulani is a core member of the content team at Coin Insider.