Michael Saylor, the longtime Bitcoin advocate and co-founder of Strategy (formerly MicroStrategy), is doubling down yet again. In what has become a defining feature of the company’s business model, Strategy has added another massive chunk of Bitcoin to its ever-growing crypto treasury—this time to the tune of 13,390 BTC, acquired for approximately $1.34 billion.
The purchase, which took place between May 5 and May 11, comes as Bitcoin trades just above the symbolic $100,000 level, a psychological milestone for both investors and institutions alike. The average price paid during the latest acquisition was $99,856 per BTC, according to a filing with the U.S. Securities and Exchange Commission (SEC) on Monday.
A Record-Breaking Bitcoin Hoard
This latest buy brings Strategy’s total Bitcoin holdings to a staggering 568,840 BTC—valued at over $59 billion at current prices. To put that into perspective, the company now owns more than 2.7% of the maximum 21 million Bitcoin that will ever exist. With around 19.7 million BTC already mined, Strategy’s corner of the supply is becoming increasingly significant.
The company’s average purchase price across all its Bitcoin acquisitions now sits at $69,287, showing a solid unrealized gain given Bitcoin’s current market value. Saylor took to X (formerly Twitter) to celebrate the milestone, noting that Strategy’s proprietary “BTC yield” now sits at 15.5%—a metric the company uses to reflect the relationship between its Bitcoin holdings and assumed diluted shares.
Fueling the Bitcoin Engine: Stock Sales and the 42/42 Vision
How is Strategy funding these jaw-dropping purchases? Through an aggressive mix of stock sales and ambitious long-term financing plans. The company raised $25 million via perpetual STRK preferred stock, and another $1.31 billion from the sale of MSTR class A common shares.
These transactions form part of what Strategy has dubbed its “42/42 Plan”—an initiative to raise $84 billion over three years by issuing $21 billion in common stock, $21 billion in corporate debt, and reinvesting the proceeds primarily into Bitcoin. It’s an audacious plan, but one that aligns with Saylor’s unshakeable belief in Bitcoin as the ultimate store of value in the digital age.
Corporations Rush to Get Off Zero
Strategy isn’t alone in this high-stakes Bitcoin acquisition race. According to Bitwise, around 80 publicly listed firms now hold Bitcoin on their balance sheets. Among the newest entrants is Twenty One, a $3.6 billion BTC-focused initiative backed by heavyweights like Cantor Fitzgerald, SoftBank, Bitfinex, and Tether.
Meanwhile, Japanese firm Metaplanet, often dubbed the “MicroStrategy of Asia,” is also ramping up its BTC purchases. The firm just added $126.7 million worth of Bitcoin, surpassing even El Salvador’s official holdings of 6,174 BTC. The trend suggests growing corporate confidence in Bitcoin’s long-term value proposition.
Bitcoin Nearing All-Time High Again
As of press time, Bitcoin is trading around $104,193, according to CoinGecko data, up 9% in the past week. While still short of its January 2025 all-time high of nearly $109,000, Bitcoin is now just 5.4% shy of reclaiming that historic peak.
Saylor’s long game appears to be paying off. While critics question the risks of such a concentrated strategy, there’s no denying that Strategy has positioned itself as a central pillar of institutional Bitcoin adoption. And if this buying spree continues, the company might soon control a full 3% of the total BTC supply—a move that could have profound implications for the market in the years ahead.
