Strategy Resumes Bitcoin Accumulation with $43 Million Purchase

• Strategy bought 535 BTC for ~$43 million at an average price of $80,340 per coin between May 4 and May 10.
• Total holdings now stand at 818,869 BTC, acquired for ~$61.86 billion at an average cost of $75,540.
• Purchase funded primarily through common stock sales, with shares rising in pre-market trading.
• Follows Q1 earnings and Saylor comments on potential selective BTC sales for dividends while maintaining net positive accumulation.

Strategy, the largest publicly traded corporate holder of Bitcoin, has resumed its accumulation strategy with a $43 million purchase, adding 535 BTC to its treasury just days after executive chairman Michael Saylor outlined scenarios for potential sales.

The company disclosed in a May 11 SEC filing that it acquired the Bitcoin at an average price of $80,340, bringing its total holdings to 818,869 BTC. These were purchased for approximately $61.86 billion at a blended average cost basis of $75,540 per coin

This marks Strategy’s first Bitcoin acquisition since late April, following a pause ahead of its Q1 2026 earnings report. The latest buy was funded largely through the sale of Class A common stock (MSTR), raising about $42.9 million, with a smaller portion from Stretch (STRC) stock issuance.

During the Q1 earnings call, Saylor indicated the company might periodically sell small portions of its Bitcoin holdings to fund dividends or other obligations, describing such moves as a way to “inoculate” the market and demonstrate that sales would not destabilize either Strategy or broader Bitcoin liquidity. He emphasized, however, that any sales would be accretive on a Bitcoin-per-share basis and that the company would aim for significant net accumulation.

Bitcoin yield and per-share metrics remained strong in Q1, with the company reporting positive momentum despite a quarterly net loss influenced by accounting factors. CEO Phong Le highlighted Bitcoin accumulation as the firm’s “True North.”

Investor reactions have been mixed but largely constructive. Strategy shares rose in pre-market trading following the disclosure. Supporters note that selective sales could provide flexibility without undermining the core thesis, while the company continues to leverage equity raises for further purchases.

In an X post, Saylor announced the acquisition, reinforcing the ongoing commitment to Bitcoin as a primary treasury asset.

The move comes amid broader market discussions on corporate Bitcoin strategies, stablecoin regulation, and institutional adoption. With Bitcoin trading above $81,000 at the time of the filing, Strategy’s holdings remain in profit, providing a buffer for its long-term hodl approach.

Analysts view this as consistent with Strategy’s evolved playbook: using public markets to fund BTC buys while exploring yield-generating mechanisms and maintaining optionality around modest distributions.

Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.

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