Strategy Buys $2B Bitcoin, Holdings Hit 843,738 BTC

Image credit: Strategy

Michael Saylor’s Strategy has sharply increased its Bitcoin accumulation, buying 24,869 BTC for about $2.01 billion between May 11 and May 17.

The company paid an average price of $80,985 per coin. The latest purchase lifts Strategy’s total holdings to 843,738 BTC, acquired for about $63.87 billion at an average price of roughly $75,700 each.

$2B Purchase Dwarfs Prior $43M Buy

The new acquisition marks a major jump from Strategy’s previous weekly purchase of 535 BTC for about $43 million.

That smaller buy had raised questions about whether the company was slowing its Bitcoin strategy after a brief pause. The latest filing shows Strategy remains a large net buyer.

STRC Sales Fund for Most of the New Bitcoin Purchase

Strategy said the Bitcoin was bought with proceeds from at-the-market securities sales. The company sold 19,519,801 shares of STRC preferred stock for $1.949 billion in net proceeds. It also sold 430,344 MSTR common shares for $83.7 million in net proceeds.

Together, the sales generated about $2.03 billion during the week, enough to cover the latest Bitcoin purchase. Strategy is still using share and preferred-stock sales to fund Bitcoin accumulation. That keeps the company’s growth strategy tied to capital-market access as well as Bitcoin’s price.

Strategy’s 843,738 BTC Nears 4% of Supply

Strategy remains the largest corporate Bitcoin holder by a wide margin. Its 843,738 BTC position represents roughly 4% of Bitcoin’s fixed 21 million supply. At recent prices around the low-$80,000 range, the stash is worth about $65 billion.

The purchase also comes days after Saylor said Strategy could sell a small amount of Bitcoin under specific circumstances, such as funding preferred dividends. Even with that comment in the background, the new $2 billion buy reinforces that Strategy remains in accumulation mode. The next test is whether it can keep funding large Bitcoin purchases through preferred stock and common-share sales while maintaining investor demand for its capital structure.