Strategy (formerly MicroStrategy) continues to cement its position as the largest corporate holder of Bitcoin, with another aggressive acquisition that brings its total BTC holdings to 576,230 coins.
$765 Million BTC Purchase Boosts Strategy’s Crypto Dominance
Between May 12 and May 18, Strategy acquired 7,390 BTC for approximately $764.9 million, according to a U.S. SEC filing published Monday. The purchase comes amid continued institutional interest in Bitcoin, despite market volatility, and further underlines the company’s long-term commitment to its crypto-first treasury strategy.
The acquisition was funded through a mix of equity sales. Specifically, Strategy raised $705.7 million by selling 1.7 million shares of its Class A common stock, and an additional $59.7 million through 621,555 shares of Series A perpetual preferred stock.
Strategy Now Owns 2.7% of All Bitcoin
With its latest purchase, Strategy now holds 576,230 BTC, valued at over $59 billion at current prices (~$103,000 per BTC). The firm’s cumulative spend on Bitcoin has reached $40.2 billion, giving it ownership of 2.7% of Bitcoin’s total supply, which is capped at 21 million coins.
This push aligns with Strategy’s long-term “42/42” capital allocation plan, which aims to deploy $42 billion into Bitcoin by 2027.
Broader Market Reaction and Corporate Trends
Despite the announcement, shares of MSTR fell 2.3% in pre-market trading on Monday, suggesting some investor caution amid broader market headwinds. Strategy also disclosed a class-action lawsuit filed on May 16, accusing the firm of misleading investors and failing to disclose risks related to its aggressive Bitcoin strategy and evolving crypto accounting rules. The company stated it plans to contest the claims, but acknowledged legal uncertainties ahead.
Still, corporate interest in Bitcoin continues to grow. Over 70 traditional companies now report BTC holdings, including Metaplanet, Semler Scientific, and Twenty One, the Tether-backed venture that recently launched a $3.6 billion Bitcoin-focused initiative.
Strategy’s relentless Bitcoin accumulation reflects a growing trend of institutional adoption, even in the face of regulatory scrutiny and market turbulence. As it now holds over 2.7% of the total BTC supply, the company’s crypto-heavy treasury strategy is setting the pace for a new wave of corporate financial models centered around decentralized assets.
