Strategy Buys 13,390 BTC for $1.34 Billion, Expands Holdings to 568,840 BTC

Strategy, the largest corporate holder of Bitcoin, has significantly expanded its holdings by purchasing an additional 13,390 BTC for approximately $1.34 billion between May 5 and May 11. This acquisition was made at an average price of $99,856 per Bitcoin, according to an 8-K filing with the U.S. Securities and Exchange Commission.

The latest purchase brings Strategy's total Bitcoin holdings to 568,840 BTC, valued at approximately $59 billion at the current asset price. The company's overall average purchase price stands at $69,287 per Bitcoin. This acquisition represents a substantial portion of the total Bitcoin supply, with Strategy now owning over 2.7% of the 21 million BTC that can ever be created. Currently, roughly 19.7 million BTC of the total 21 million supply are in circulation.

Strategy funded its recent purchase by selling $25 million worth of perpetual "STRK" preferred stock and $1.31 billion worth of its class A common stock, MSTR. This move is part of the company's ambitious "42/42" plan, which aims to acquire as much Bitcoin as possible. Additionally, Strategy has unveiled an equity offering program, planning to sell another $21 billion in common shares and issue $21 billion in corporate debt, targeting a total of $84 billion in under three years.

The company's Bitcoin yield, a proprietary performance indicator measuring the percentage change of the ratio between its BTC stash and assumed diluted shares, has reached 15.5% year-to-date. Strategy expects to maintain this Bitcoin yield target at 15% in 2025.

Strategy's aggressive Bitcoin acquisition strategy is part of a broader trend among corporations adopting Bitcoin. According to Bitwise, roughly 80 publicly traded companies now hold Bitcoin on their balance sheets. This trend includes notable entities such as Cantor Fitzgerald, SoftBank, Bitfinex, and Tether, which recently announced the planned launch of a $3.6 billion Bitcoin venture called Twenty One. Additionally, Metaplanet, often referred to as Asia’s Strategy for its continued Bitcoin accumulation, announced today that it had scooped up an additional $126.7 million worth of BTC, surpassing the Bitcoin holdings of El Salvador.