Key Takeaways:
Strategy Inc. has acquired an additional 24,869 bitcoin for approximately $2.01 billion, according to a Form 8-K filing with the U.S. Securities and Exchange Commission on Monday. The purchase, which took place between May 11 and May 17, brings the company’s total bitcoin treasury to 843,738 coins.
The announcement follows a Sunday post on X from Executive Chairman Michael Saylor showing an updated bitcoin acquisition chart with the caption “₿ig Dot Energy,” which signaled to market watchers that a large purchase had been made. The filing confirms the aggressive accumulation, cementing Strategy’s position as the largest corporate holder of bitcoin.
The latest tranche of bitcoin was acquired at an average price of $80,985 per coin. With this purchase, Strategy’s aggregate cost for its bitcoin holdings has risen to $63.87 billion, with an average purchase price of approximately $75,700 per coin. The acquisition was funded by the sale of 19.95 million shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (ticker: STRC) for $1.95 billion and 430,344 shares of its common stock for $83.7 million.
This purchase marks a significant acceleration in Strategy’s accumulation strategy and quiets recent investor concerns that the company might slow its buying pace or sell holdings to manage debt. The heavy reliance on the STRC preferred shares, which pay an 11.5% annual dividend, demonstrates the effectiveness of the company's capital-raising flywheel, where investor demand for the high-yield stock directly fuels further bitcoin acquisitions. The move reinforces the company’s dual-pronged strategy of acquiring bitcoin and positioning its stock as a key proxy for bitcoin exposure in traditional financial markets.
This article is for informational purposes only and does not constitute investment advice.
