Strategy buys 7.390 BTC and now has US$59 billion in Bitcoin
- Strategy accumulates 576.230 BTC in corporate treasury
- MSTR and STRK shares financed $765 million purchase
- More companies adopt bitcoin as a store of value
Strategy, formerly known as MicroStrategy, has once again stirred up the market by announcing the purchase of an additional 7.390 bitcoins between May 12 and 18. The acquisition was made for approximately US$764,9 million, at an average price of US$103.498 per unit. With this, the company brings its total position to an impressive 576.230 BTC, now valued at over US$59 billion.
Second document sent to the SEC , the amount was acquired with funds obtained through the sale of Class A common shares (MSTR) and perpetual preferred shares (STRK). In the previous week alone, the company sold 1.712.708 shares of MSTR, raising US$ 705,7 million. STRK shares yielded another US$ 59,7 million with the sale of 621.555 units.
Strategy Co-Founder and Executive Chairman Michael Saylor highlighted that the total average price paid for the company’s bitcoins is $69.726, with an aggregate investment of $40,2 billion. This represents approximately 2,7% of the maximum supply of 21 million BTC, which generates a paper gain of over $18 billion.
The acquisitions are part of the capital plan known as “42/42,” which aims to raise $84 billion by 2027 to buy more bitcoin, succeeding the “21/21” plan, which has already run out. The move reflects a clear strategy of accumulating crypto assets as the main store of value.
The Sunday before the announcement, Saylor hinted at the purchase with his typical provocation on X (formerly Twitter): “Never short a man who buys orange paint by the barrel.” The post drew criticism from analysts including Josh Mandell, a former Wall Street trader, who questioned the company’s transparency and fiduciary responsibility.
Strategy has acquired over 300 BTC in the past six months. While Bitcoin is still trading at around $103.188, analysts warn that large-scale purchases like this could lose momentum and affect the cryptocurrency’s appreciation.
Other companies are also stepping up their bitcoin treasury strategies. Japanese company Metaplanet announced the purchase of another 1.004 BTC for $104,3 million. Initiatives such as those by Cantor Fitzgerald, SoftBank, Bitfinex and Tether show that the cryptocurrency treasury model continues to gain ground in the global corporate environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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