Michael Saylor’s Strategy, formerly known as MicroStrategy, has deepened its commitment to Bitcoin by acquiring an additional 4,020 BTC between May 19 and May 25, 2025. This move cost the firm approximately $427.1 million, with an average purchase price of $106,237 per Bitcoin.
With this latest acquisition, Strategy now holds 580,250 BTC. The company has spent a total of $40.61 billion on its Bitcoin stash, averaging $69,979 per coin.
Equity Sales Fuel Bitcoin Expansion
To fund this large-scale Bitcoin buy, Strategy turned to the capital markets. The company raised funds through a mix of stock sales:
- Sold 847,000 common shares (MSTR) for $348.7 million.
- Issued 678,970 STRK preferred shares, raising $67.9 million.
- Sold 104,423 STRF preferred shares for an additional $10.4 million.
This approach aligns with Strategy’s ongoing financial strategy—using equity offerings to back its aggressive Bitcoin accumulation.
Market Reactions and Long-Term Vision
Despite its bold moves, Strategy’s stock hasn’t been immune to market turbulence. As of May 24, 2025, MSTR closed at $369.51, a drop of about 7%. In contrast, Bitcoin has been hitting record highs, recently topping $109,000.
Michael Saylor, the company’s co-founder and executive chairman, remains resolute. He’s known for investing only what he “can’t afford to lose” in Bitcoin, a phrase that reflects both caution and deep conviction.
Strategy’s aggressive stance has drawn both admiration and concern. Some financial experts see it as a high-conviction bet on digital assets, while others worry about the risks tied to such heavy exposure. Regardless, Strategy has firmly established itself as one of the most prominent corporate holders of Bitcoin, with its holdings now worth nearly $64 billion.
