Strategy Accumulates Another $2B in Bitcoin, Pushing Total Holdings Past 4% of Global Supply

Bitcoin treasury powerhouse Strategy (STRC) has significantly expanded its cryptocurrency reserves, acquiring an additional 24,869 BTC for approximately $2.01 billion. According to an 8-K filing submitted to the Securities and Exchange Commission on Monday, the purchases were executed between May 11 and May 17 at an average price of $80,985 per bitcoin.

With this latest acquisition, Strategy’s total holdings have climbed to a staggering 843,738 BTC, representing more than 4% of bitcoin’s absolute 21 million supply cap. Company co-founder and executive chairman Michael Saylor confirmed that the aggregate portfolio was accumulated at an average price of $75,700 per bitcoin. This brings the company’s total investment to roughly $63.9 billion including fees, netting the firm approximately $1.4 billion in paper gains at current market valuations.

The multi-billion-dollar shopping spree was financed through the company’s at-the-market (ATM) stock issuance programs. Over the course of last week, Strategy generated approximately $83.7 million by selling 430,344 shares of its Class A common stock (MSTR). The bulk of the capital, however, came from the sale of 19,519,801 shares of its perpetual Stretch preferred stock (STRC), which raised roughly $1.95 billion. Following these transactions, Strategy reports that $26.27 billion in MSTR shares and $17.51 billion in STRC shares remain available for future issuance.

This aggressive buying campaign marks the sixth-largest weekly acquisition in Strategy’s history, and its second-largest of the year, trailing only behind a 34,164 BTC purchase completed in April. The company shows no signs of slowing down its accumulation strategy, having recently upsized its ATM programs to allow for the potential issuance of an additional $21 billion in MSTR common stock, $21 billion in STRC preferred stock, and $2.1 billion of STRK preferred stock.