Strategy Buys $765 Million Worth of Additional Bitcoin
In the fast-paced world of cryptocurrency, recent news regarding Strategy’s purchase of $765 million worth of additional Bitcoin has captured the attention of investors and enthusiasts alike. This move by Strategy highlights the ongoing trend of institutional adoption and the growing importance of Bitcoin as a strategic asset in corporate portfolios.
According to a recent filing with the Securities and Exchange Commission, Strategy acquired 7,390 Bitcoin at an average price of $103,498 per coin between May 12 and May 18. This significant purchase was funded through a combination of stock offerings, with the company raising $705.7 million through an at-the-market offering of Class A common stock, and an additional $59.7 million from issuing Series A STRK preferred stock.
With this latest acquisition, Strategy’s total Bitcoin holdings now stand at 576,230 BTC, valued at approximately $59 billion based on current market prices. The company’s average purchase price across all its Bitcoin holdings is $69,726 per coin, representing a total investment of $40.18 billion.
Despite facing a class action lawsuit related to its Bitcoin-focused investment strategy, Strategy remains committed to expanding its Bitcoin acquisition program. The company has utilized two ATM offerings totaling $42 billion in 2025, with approximately $18.98 billion remaining available under the common stock ATM and $20.79 billion under the preferred stock ATM.
As the largest corporate holder of Bitcoin, Strategy’s holdings represent a significant portion of the total Bitcoin supply in circulation. The company’s continued commitment to converting excess cash flow and raising capital to acquire additional Bitcoin underscores its confidence in the long-term potential of cryptocurrency.
In conclusion, Strategy’s substantial investment in Bitcoin serves as a testament to the increasing mainstream acceptance and adoption of cryptocurrencies as legitimate financial assets. Despite facing legal challenges, the company’s proactive approach to accumulating Bitcoin reaffirms its position as a key player in the ever-evolving crypto landscape.
Follow CryptoTrend for more daily crypto insights!