Strategy has strengthened its position as the world’s largest corporate holder of Bitcoin, announcing the acquisition of an additional 4,020 BTC worth $427.1 million. The average purchase price for this latest tranche was $106,237 per coin, coming just after Bitcoin’s recent climb to a new all-time high above $111,000.
According to a statement released on May 26, Strategy funded this significant Bitcoin purchase through the sale of several equity instruments between May 19 and 25. The company sold 847,000 shares of its Class A common stock (MSTR), bringing in $348.7 million in net proceeds. Additional capital was raised by selling 678,970 shares of its perpetual strike preferred stock (STRK) for $67.9 million and 104,423 shares of its Series A perpetual strife preferred stock (STRF) for another $10.4 million.
This latest buy is Strategy’s fourth Bitcoin accumulation in May, representing around nine days’ worth of new BTC supply. It also marks the company’s first major purchase since Bitcoin set its new record price. With this acquisition, Strategy now holds a staggering 580,250 BTC—about 2.76% of the total 21 million coins that will ever exist.
In total, the company has spent an estimated $40.6 billion to amass its Bitcoin reserves, with an average cost per coin of $69,979. Given Bitcoin’s current market value, the company’s holdings are now worth $63.8 billion, putting its unrealized gains above $23 billion.
Strategy’s aggressive accumulation strategy continues to cement its position as a major institutional force in the Bitcoin ecosystem, and its moves are closely watched by both crypto investors and traditional markets.
