Michael Saylor’s Strategy Buys $1.42 Billion in Bitcoin, Now Owns 553,555 BTC

Strategy, the Bitcoin treasury company formerly known as MicroStrategy, has significantly expanded its portfolio with a recent acquisition of 15,355 BTC, valued at approximately $1.42 billion. The purchase, executed between April 21 and April 27 at an average price of $92,737 per BTC, brings the company’s total holdings to an impressive 553,555 BTC, according to a filing with the Securities and Exchange Commission. This substantial investment, funded through the sale of class A common stock (MSTR) and perpetual strike preferred stock (STRK), underscores Strategy’s commitment to its bitcoin-centric financial model, pioneered by co-founder and executive chairman Michael Saylor.

The company’s Bitcoin holdings, now worth over $52 billion, were acquired at an average price of $68,459 per BTC, totaling roughly $37.9 billion including fees. This investment represents more than 2.6% of Bitcoin’s fixed 21 million supply, with unrealized gains of approximately $14 billion. Last week, Strategy raised $1.4 billion through the sale of 4.02 million MSTR shares, leaving $128.7 million in shares available for future issuance. Additionally, the sale of 435,069 STRK shares generated $37.5 million, with $20.92 billion in STRK shares still available. These transactions align with Strategy’s broader “21/21 plan,” which aims to raise $42 billion through equity and fixed-income securities to fuel further Bitcoin acquisitions.

Growing Corporate Interest in Bitcoin

The acquisition follows a prior purchase of 6,556 BTC for $555 million between April 14 and April 20, which had elevated Strategy’s holdings to 538,200 BTC. This consistent accumulation reflects a broader trend among corporations embracing Bitcoin as a treasury asset. Last week, major players like Cantor Fitzgerald, SoftBank, Bitfinex, announced a $3.6 billion venture, joining companies such as Semler Scientific, KULR, and Metaplanet in adopting Strategy’s Bitcoin acquisition model.

Strategy’s stock performance has also benefited from its Bitcoin buying strategy and a rebound in both traditional and crypto markets. On Friday, MSTR closed at $368.71, up 5.2%, with Bitcoin gaining over 8% in the same week. In pre-market trading on Monday, MSTR saw a modest 0.7% increase, contributing to a 22.9% year-to-date rise and a market value of $98.1 billion. As Strategy continues to lead the corporate bitcoin accumulation race, its aggressive investment strategy positions it as a pivotal player in the evolving landscape of digital assets, setting a precedent for other firms exploring cryptocurrency as a strategic reserve asset.