Strategy bought 24,869 Bitcoin for about $2.01 billion between May 11 and May 17.
Summary
- Strategy’s latest purchase lifted its Bitcoin holdings to 843,738 BTC, over 4% of total supply.
- The company funded the buy through MSTR common stock and STRC preferred stock sales.
- Market updates showed Bitcoin below $77,000 as ETF outflows and liquidations pressured crypto prices.
The company paid an average price of $80,985 per Bitcoin, including fees and expenses, according to its May 18 Form 8-K.
The purchase raised Strategy’s total holdings to 843,738 BTC. The company has spent about $63.87 billion on its Bitcoin position, at an average price of $75,700 per coin. That holding represents more than 4% of Bitcoin’s fixed 21 million supply cap.
MSTR and STRC sales funded the purchase
The filing said Strategy used proceeds from its at-the-market offering program to buy the latest Bitcoin. During the same period, it sold 430,344 MSTR shares for $83.7 million in net proceeds.
Strategy also sold 19,519,801 STRC preferred shares with $1.949 billion in net proceeds. The company still had $17.51 billion available under the STRC program and $26.27 billion available under the MSTR program as of May 17.
Notably, Michael Saylor hinted at the purchase before the filing, writing “Big dot energy” on X while sharing Strategy’s Bitcoin tracker. The phrase drew attention because similar posts have often come before new purchase notices.
The latest buy came after debate over whether Strategy could ever sell Bitcoin. Earlier coverage noted that Saylor said the company may use limited BTC sales while remaining a long-term net buyer. He said, “Even if we were to sell one Bitcoin, we’d be buying 10 to 20 more Bitcoin.” That remains Strategy’s own view and depends on future market access.
Bitcoin market remains under pressure
The purchase came during a weak market stretch. Market updates from crypto.news said Bitcoin fell below $77,000 on May 18 as selling spread across crypto. The same report cited more than $1 billion in weekly spot Bitcoin ETF outflows and over $661 million in liquidations.
Strategy also faces debt and funding questions. A recent SEC filing said the company agreed to repurchase about $1.50 billion of its 2029 convertible notes for an estimated $1.38 billion. The filing listed cash, ATM proceeds or Bitcoin sales as possible funding sources.
