Strategy expands Bitcoin holdings by 24,869 BTC to 843,738

Strategy, a company led by Executive Chairman Michael Saylor, announced a significant expansion of its Bitcoin holdings this week. Between May 11 and May 17, the firm acquired 24,869 Bitcoin for approximately $2.01 billion, paying an average price of $80,985 per coin.

This latest purchase increases Strategy's total Bitcoin treasury to 843,738 BTC. The company has spent roughly $63.87 billion accumulating its position at an average cost of $75,700 per Bitcoin. Based on current market prices, these holdings are valued at approximately $65.3 billion, representing an unrealized gain.

The acquisition was financed primarily through capital raised from equity sales. Strategy generated about $1.95 billion from selling approximately 19.5 million shares of its STRC perpetual preferred stock and an additional $83.7 million from selling 430,344 shares of its Class A common stock, MSTR. The company stated that the STRC preferred stock, which offers an annualized dividend yield of roughly 11.5%, has become its primary financing tool for Bitcoin purchases.

Michael Saylor announced the transaction publicly, describing it as part of a broader evolution in digital finance. He has consistently...