Michael Saylor's Strategy Inc. acquired 24,869 bitcoin between May 11 and 17 for approximately $2.01 billion, paying an average of $80,985 per coin. The Tysons Corner-based firm disclosed the purchase in a May 18 SEC filing, marking one of its largest weekly buys to date.
The acquisition lifts Strategy's total stash to 843,738 BTC, accumulated at a blended cost of $75,700 per coin for roughly $63.9 billion. The holdings now represent more than 4% of bitcoin's 21 million supply cap, cementing Strategy's status as by far the largest corporate holder of the asset.
Strategy funded nearly the entire purchase through capital markets rather than cash flow, selling 19.5 million STRC perpetual preferred shares for $1.95 billion in net proceeds and 430,344 MSTR Class A shares for $83.7 million. STRC issuances accounted for roughly 97% of the bitcoin spend.