Strategy Buys Another $1.34B in Bitcoin, Taking Holdings to Over $59B

Bitcoin’s biggest corporate holder, Strategy (formerly known as MicroStrategy) is doubling down again. In a new SEC filing on Monday, the firm revealed it acquired 13,390 BTC between May 5 and May 11 for roughly $1.34 billion, at an average price of $99,856 per bitcoin. This brings Strategy’s total bitcoin stash to 568,840 BTC, acquired at a blended average cost of $69,287. That haul, now worth over $59 billion, represents more than 2.7% of the total 21 million bitcoin supply, and implies paper profits of nearly $20 billion. The latest transaction was funded using proceeds from recent equity offerings. Last week alone, Strategy raised $1.31 billion through the sale of over 3.2 million MSTR shares, while also selling 273,987 shares of its preferred stock, STRK, for an additional $25.1 million. The “42/42” Plan The acquisitions are part of Strategy’s aggressive “42/42” capital plan, which targets $84 billion in capital raises via stock and convertible notes by 2027 — doubling its earlier “21/21” roadmap. As of May 11, the company still has nearly $19.7 billion in MSTR shares and $20.8 billion in STRK shares authorized and available for issuance, fueling further accumulation. Executive Chairman Michael Saylor continued to tease upcoming buys, hinting at Sunday’s purchase via his Bitcoin Tracker site. It’s the second weekly acquisition in a row — following 1,895 BTC bought between April 28 and May 4 — as Strategy presses on with its vision of becoming the world’s premier corporate bitcoin vault. Despite reporting a $4.2 billion Q1 loss earlier this month, mostly due to unrealized losses under new fair value accounting rules, Strategy’s $113.7 billion market cap trades at a steep premium to its bitcoin net asset value. Some investors remain cautious over the company’s aggressive equity dilution, but others see the premium as a bet on its unmatched bitcoin leverage. Strategy’s playbook is being emulated across the crypto-corporate landscape. Firms like Tether, SoftBank, and Cantor Fitzgerald have launched Twenty One, a $3.6 billion bitcoin-focused venture. Meanwhile, smaller firms like Semler Scientific, KULR, and Metaplanet are also entering the bitcoin treasury space — a trend Bernstein analysts say could drive $330 billion in corporate BTC inflows over five years. Backed by a more crypto-friendly political climate and ETF tailwinds, the institutional arms race for bitcoin exposure shows no signs of slowing.