Bitcoin treasury firm Strategy, formerly known as MicroStrategy, has significantly expanded its Bitcoin holdings once again. In a move underscoring its commitment to a Bitcoin-centric strategy, the company acquired an additional 15,355 BTC over the past week, spending approximately $1.42 billion at an average price of $92,737 per Bitcoin, according to an SEC filing on Monday.
The acquisition brings Strategy’s total Bitcoin holdings to an impressive 553,555 BTC, now valued at more than $52 billion at Bitcoin’s current price just above $95,000. With this purchase, Strategy now controls more than 2.6% of Bitcoin’s fixed 21 million coin supply, further solidifying its status as the world’s largest corporate Bitcoin holder.
Strategy’s Growing Bitcoin Treasury
Strategy’s cumulative average purchase price for Bitcoin now stands at $68,459 per coin, reflecting a total investment of around $37.9 billion, including fees. The company’s aggressive accumulation strategy continues to pay off, especially amid Bitcoin’s recent price rebound.
Shares of Strategy (MSTR) closed 5.2% higher at $368.71 on Friday and added another 1.42% in pre-market trading on Monday. Year-to-date, MSTR shares have climbed nearly 23%, buoyed by Bitcoin’s rally and increasing institutional interest in Bitcoin-focused firms.
Rising Competition Among Corporate Bitcoin Accumulators
While Strategy continues to dominate the corporate Bitcoin landscape, competition is heating up. Notable financial heavyweights such as Cantor Fitzgerald, SoftBank, Bitfinex, and Tether have announced a $3.6 billion Bitcoin venture. Meanwhile, new players like Twenty One Capital, led by Strike CEO Jack Mallers, are entering the space with Bitcoin-native business strategies, signaling a broadening corporate embrace of the cryptocurrency.
Funding the Acquisition
The latest Bitcoin purchase was funded through the sale of Strategy’s Class A common stock and perpetual preferred stock. Between April 21 and April 27, the company sold approximately 4 million shares of MSTR, raising about $1.4 billion. Additionally, Strategy sold over 435,000 shares of STRK, generating $37.5 million in proceeds.
As of now, only $128.7 million worth of MSTR shares remain available for issuance under the company’s current program. The move follows Strategy’s addition of 6,556 BTC for $555 million just a week earlier, highlighting the company’s sustained and aggressive approach toward growing its Bitcoin reserves.
Outlook
Strategy’s relentless Bitcoin accumulation strategy continues to set the pace for institutional involvement in the crypto sector. With Bitcoin poised to break above $100,000 and institutional interest at historic highs, Strategy’s bold bet may continue to yield significant returns as the year unfolds.
