Strategy buys 24,869 Bitcoin for $2.01 billion. That happened last week while the crypto asset hovered around $80,000.
According to a Monday 8‑K filing with the SEC, Michael Saylor’s company acquired the BTC between May 11 and 17. The average purchase price came to $80,985 per coin. As a result, Strategy’s cost basis rose to $75,700.
Strategy buys 24,869 Bitcoin mostly through STRC sales
How did Strategy fund this massive purchase? Nearly all of it came from sales of its STRC perpetual preferred stock. In fact, STRC accounted for about 97% of total proceeds.
The SEC filing shows that Strategy raised roughly $1.95 billion from selling about 19.5 million STRC shares. Meanwhile, its Class A common stock (MSTR) contributed a smaller share. It generated about $83.7 million from the sale of 430,344 shares.
This outcome matched expectations from STRC Live. That tracker reported heavy STRC activity during the week, including a record trading day of 15.1 million shares.
Strategy’s Bitcoin holdings now exceed 843,000 BTC
After this purchase, Strategy now holds 843,738 BTC. The company acquired these coins for about $63.87 billion. At the time of publication, those holdings were valued at roughly $65.3 billion.
To put this in perspective, Strategy far outpaces BlackRock, the world’s largest asset manager. BlackRock holds around 818,147 BTC on behalf of its clients.
Saylor signals a shift in thinking
The purchases came one week after Saylor raised the possibility of selling Bitcoin. During Strategy’s recent earnings call, he framed it as a way to better protect the asset’s long‑term value.
Saylor argued that sticking too rigidly to a “never sell” approach could, over time, work against the very asset the company is built to accumulate and hold.
Nevertheless, for now, Strategy buys 24,869 Bitcoin again. The company continues its aggressive accumulation.