Strategy (MicroStrategy) Spends $43 Million to Buy 535 More Bitcoins

Strategy (MSTR) executive chairman Michael Saylor announced on X on Monday that the company purchased 535 Bitcoins last week at an average price of approximately $80,340 per coin, for a total amount of approximately $43 million. The funds for this purchase came from the sale of the company’s common stock (raising $42.9 million, according to a U.S. Securities and Exchange Commission filing on May 11).
After this increase, Strategy’s total Bitcoin holdings reached 818,869 Bitcoins, with a cumulative investment of approximately $6.186 billion, and an average cost basis of $75,540 per coin. At present, the market price of Bitcoin has exceeded $81,000, and the company’s overall position is in profit. MSTR’s stock price rose by more than 1% in pre-market trading.
It is worth noting that this purchase occurred just a few days after the company recently released signals during its earnings call that it “may sell Bitcoins to repay convertible debt or pay dividends,” but the company emphasized that any selling action still needs to ensure an increase in the value of Bitcoins per share.
As the world’s largest publicly listed Bitcoin holder, Strategy’s continued accumulation reflects the company’s commitment to its long-term Bitcoin strategy. The funds for this purchase came from equity financing rather than direct sales of Bitcoins, further demonstrating the flexibility of its “Bitcoin treasury” model. The market’s positive reaction to this news also shows that investors still recognize Strategy’s execution in the Bitcoin space. However, because crypto asset prices are highly volatile, the company’s subsequent developments will still need to pay attention to changes in the macro environment, regulatory policies, and Bitcoin market trends.
The above content is compiled based on public reports and company announcements for reference only, and does not constitute any investment advice or financial opinion. Crypto asset prices are highly volatile; participation should be cautious, and strict compliance with relevant laws and regulations in Mainland China and Hong Kong is required.
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