Strategy (MSTR) Spends A Whoppin $2 Billion On Bitcoin

Strategy announced Monday it has acquired an additional 24,869 bitcoin for approximately $2.01 billion, averaging roughly $80,985 per coin, pushing the firm’s total holdings to 843,738 BTC — cementing its standing as the world’s largest corporate bitcoin treasury by a wide margin.

The disclosure came via a Form 8-K filing with the U.S. Securities and Exchange Commission, continuing the company’s practice of Monday morning acquisition announcements. The purchase marks a significant acceleration from Strategy’s most recent disclosed buy — 535 BTC for $43 million during the week of May 5–11 — which had raised questions among investors about whether the firm was pulling back on its aggressive accumulation pace.

With this latest tranche, Strategy has now acquired a cumulative 843,738 BTC at an aggregate cost of approximately $63.87 billion, translating to an average price of roughly $75,700 per bitcoin. The company has also recorded a BTC Yield of 12.6% year-to-date in 2026 — a proprietary metric that tracks bitcoin accumulation per diluted share and serves as Strategy’s primary benchmark for measuring the accretive value of its capital markets activity for shareholders.

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The purchase arrives against a backdrop of renewed investor attention on Strategy’s financing mix. The company has relied heavily on its Variable Rate Series A Perpetual Stretch Preferred Stock — ticker STRC — alongside its MSTR at-the-market equity offering program to fund acquisitions. STRC, which offers an annualized dividend of approximately 11.5%, has grown into a multi-billion dollar preferred equity product and has become an increasingly important pillar of Strategy’s bitcoin-buying engine.

Read More:  Strategy (MSTR) Retires $1.5 Billion In Convertible Debt At A Discount, Bitcoin Holdings Hit 843,738 BTC

Strategy didn’t sell any bitcoin

Saylor had telegraphed that a sizeable announcement was coming, updating Strategy’s bitcoin acquisition tracker on Sunday and teasing “big dot energy,” a nod to the large new marker that would soon appear on the company’s now-famous chart of cumulative BTC purchases.

The latest acquisition arrives weeks after executive chairman Michael Saylor and CEO Phong Le acknowledged on the company’s Q1 2026 earnings call that Strategy could, under select circumstances, sell a portion of its bitcoin to fund STRC dividends or manage tax obligations — the first time leadership had left the door open to any sales. 

Saylor subsequently walked back the concern, stating the company would buy between 10 and 20 bitcoin for every coin it ever sold.

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At bitcoin’s current trading price near $80,000, Strategy’s 843,738-coin treasury carries a market value north of $67 billion, representing one of the most concentrated single-asset corporate balance sheets in financial history.

On Friday, Strategy also moved to retire $1.5 billion in face value of its zero-coupon 2029 convertible notes for roughly $1.38 billion, effectively buying back the debt at about 92 cents on the dollar and signaling a willingness to use its balance sheet more aggressively, including the possibility of funding the transaction with bitcoin sales despite Saylor’s recent emphasis on remaining a “net accumulator” of the asset.

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