Strategy purchased 13,390 BTC for $1.34 billion between May 5 and May 11.
Total BTC holdings now stand at 568,840 BTC, worth over $59 billion.
Strategy, formerly MicroStrategy, has acquired another 13,390 BTC for approximately $1.34 billion between May 5 and May 11. The company paid an average of $99,856 per bitcoin, according to a U.S. SEC filing on Monday.
With this purchase, Strategy’s total Bitcoin holdings now stand at 568,840 BTC. These holdings are currently valued at over $59 billion based on Bitcoin’s market price of around $104,000. The firm’s average purchase price has adjusted to $69,287 per coin, including fees and expenses.
Michael Saylor, Strategy’s co-founder and executive chairman, confirmed that the company used proceeds from the sale of its class A common stock and STRK preferred shares to fund the latest buy. Strategy sold 3,222,875 MSTR shares for $1.31 billion and 273,987 STRK shares for $25.1 million.
As of May 11, Strategy has $19.69 billion in MSTR and $20.85 billion in STRK shares still available for future issuance and sales. These instruments support the firm’s expanded “42/42” capital strategy, aiming to raise $84 billion by 2027 for further Bitcoin acquisitions.
Yield Target Surpassed Amid BTC Surge
The recent 13,390 BTC addition raised Strategy’s Bitcoin yield to 15.5%, surpassing the 15% target set for 2025. This metric reflects the ratio of BTC holdings to diluted shares. Saylor hinted at the acquisition earlier, updating Strategy’s Bitcoin tracker with the phrase “Connect the dots.”
Notably, Strategy had acquired 1,895 BTC for $180 million at $95,167 per coin in the previous week. Altogether, the firm has accumulated 303,230 BTC over the last six months alone. That represents 2.7% of Bitcoin’s total 21 million supply.
Strategy reported a $4.2 billion net loss for Q1 due to $6 billion in unrealized Bitcoin losses under new fair value accounting rules. Despite that, analysts believe the company’s low debt and no payments due until 2028 make its financial position strong.
Shares of MSTR closed at $416.03 on Friday, up 0.4%. Pre-market data shows a further 1.5% rise on Monday. Year-to-date, the stock is up 38.6%. Benchmark and Bernstein have maintained bullish ratings with targets of $650 and $600, respectively.
