Strategy Expands BTC Holdings with Latest Multi-Billion Dollar Purchase

May 19, 2025

Markets

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By James Van Straten|Edited by Oliver Knight

Updated May 19, 2025, 12:17 p.m. Published May 19, 2025, 12:09 p.m.

Photo of Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De)
  • Strategy (MSTR) has acquired 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a Monday filing.
  • The acquisition—funded through an at-the-market (ATM) offering of Class A common stock and the issuance of Series A STRK preferred stock—brings Strategy’s total holdings to 576,230 BTC.

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)

Strategy (MSTR) has purchased 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a filing on Monday.

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This latest acquisition increases the company’s total bitcoin holdings to 576,230 BTC, now valued at roughly $59 billion based on the current market price of around $103,000 per bitcoin. The average purchase price of Strategy’s entire bitcoin position now stands at $69,726

The purchase was financed through an at-the-market (ATM) offering of its Class A common stock, as well as the issuance of Series A STRK preferred stock. Between May 12 and May 18, Strategy raised $705.7 million from the sale of common stock and issued 621,555 shares of its STRK preferred stock.

Bitcoin is trading near $103,000, while shares of MSTR are down more than 1% in pre-market trading.

James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.

In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin, MicroStrategy (MSTR), and Semler Scientific (SMLR).

James Van Straten