In a recent filing submitted to the U.S. Securities and Exchange Commission (SEC), Strategy (formerly Microstrategy) disclosed the acquisition of an additional 6,556 Bitcoin (BTC) at an average price of $95,167 per coin during the period from April 28 to May 4.
This latest acquisition brings the total number of Bitcoins held by the company to 555,450 BTC, valued at approximately $38.08 billion, with an average purchase price of $68,550 per BTC.
Strategy announces new ATM service worth $21 billion.
The acquisition is funded through a strategic combination of selling common stock and preferred stock. Specifically, Strategy has raised $128.5 million through the market's common stock program (ATM) and an additional $51.8 million from selling preferred shares of STRK. Notably, this latest transaction has depleted the company's previous $21 billion ATM offering initiated last year.
Michael Saylor, co-founder of Strategy and a prominent BTC advocate, also shared on social media that the company has achieved a Bitcoin yield of 14.0% as of May 4, 2025. He emphasized that the company currently holds 555,450 BTC, repurchased at approximately $38.08 billion.
In an effort to further consolidate its BTC accumulation strategy, Strategy announced plans to double its fundraising capacity last week. This includes introducing a new $21 billion ATM service and expanding the debt purchase program to $42 billion.
These initiatives demonstrate the company's commitment to improving its balance sheet containing significant BTC, even while facing recent financial challenges, including five consecutive net losses in the quarter.
Institutional demand for Bitcoin surges.
In the latest earnings call, Strategy announced the 'Plan 42/42', a roadmap aimed at raising $84 billion in capital over the next two years. This plan includes evenly distributing funding between equity and fixed income instruments, all allocated for future BTC purchases.
Despite the continuous loss reports, investor sentiment remains optimistic. Strategy is still the largest holder of BTC, with holdings accounting for nearly 3% of the maximum supply of Bitcoin. With the current market price around $94,000, the company's bitcoin assets are valued at over $52 billion.
This recent purchase comes amid a surge in institutional demand for BTC, especially through managed investment vehicles. Notably, BlackRock's iShares Bitcoin Trust ETF (IBIT) has seen significant inflows over the past two weeks, reflecting increasing interest from institutional investors.
However, despite the positive outlook on the BTC strategy, Strategy's stock has dropped 2.7% in pre-market trading on Monday, following a more than 3% increase last Thursday.
On the other hand, Bitcoin is trading at $94,596, slightly down 0.2% over the 24-hour timeframe and up as much as 13% in the monthly quarter for the largest cryptocurrency in the market.