Strategy Buys 1,895 More Bitcoin for $180M, Total Holdings Reach 555,450 BTC

Strategy has purchased an additional 1,895 bitcoin for $180 million, pushing its total holdings to 555,450 BTC.

Background

• Strategy, formerly known as MicroStrategy and led by Michael Saylor, disclosed in a recent SEC filing that it acquired 1,895 bitcoin between April 28 and May 4.
• The purchase was financed by stock sales, including 353,825 shares of common stock (MSTR) and 575,392 shares of preferred stock (STRK), which raised approximately $180.3 million.
• The BTC was acquired at an average price of $95,167 per coin.
• The MSTR stock sale was part of Strategy’s broader “21/21 Plan,” a program that has now been fully executed and terminated. It initially aimed to raise $42 billion through equity sales.
• The company recently launched a new “42/42 Plan” to raise another $42 billion — split equally between equity and debt — to continue expanding its BTC holdings.

Why should you pay attention?

• Strategy’s Bitcoin stash now totals 555,450 BTC, bought at an aggregate cost of $38.08 billion.
• At current market prices, those holdings are valued around $52.2 billion, implying over $14 billion in unrealized gains.
• This accumulation accounts for over 2.6% of Bitcoin’s total supply, reinforcing Strategy’s role as a major institutional force in the Bitcoin ecosystem.
• The move follows a challenging Q1 earnings report, where the firm posted a $4.2 billion net loss due to unrealized BTC losses under new fair value rules.

Who said what?

• The SEC filing confirmed that the purchase and sale programs are part of Strategy’s capital plans aimed at growing its Bitcoin portfolio.

Zooming out

• Strategy’s aggressive accumulation strategy reflects growing institutional interest in Bitcoin as a treasury asset.
• The firm continues to use equity and preferred stock instruments to fund its BTC purchases, an approach that some see as pioneering within the corporate finance space.
• With plans to raise an additional $42 billion, Strategy appears far from done, further cementing Bitcoin’s relevance within traditional financial frameworks.
• The firm's commitment comes at a time when major companies and even governments are assessing Bitcoin’s role in the global financial system.

Other Related Read/Listens

• 21/21 Plan: MicroStrategy to Raise $42 Billion to Buy More Bitcoin
• Cantor-Backed Bitcoin Venture ‘Twenty One’ Launches With Goal to Amass 42,000 BTC
• Arizona Legislature Passes Bill to Invest State Funds in Bitcoin