MicroStrategy Doubles Down on Bitcoin, Buying the Dip to Increase Its Holdings to 555,450 BTC

According to a May 5 SEC filing, the company purchased 1,895 BTC between April 28 and May 4 at an average price of $95,167.

Michael Saylor's firm Strategy (formerly MicroStrategy) is doubling down on Bitcoin despite recent price drops.

According to a May 5 SEC filing, the company purchased 1,895 BTC between April 28 and May 4 at an average price of $95,167. The total value of the buy came to $180.3 million.

This brings Strategy's total Bitcoin stash to 555,450 BTC acquired at an average purchase price of $68,550 per coin, for a disclosed exposure of $38.08 billion.

The latest purchase was funded using net proceeds from its at-the-market (ATM) equity offerings. This includes its 2024 Common ATM and a newly established STRK ATM, which together brought in the exact $180.3 million used for the latest purchase.

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Notably, the company has also increased its capital deployment plan to $84 billion, now split between equity and fixed income instruments to further accumulate Bitcoin. In the same announcement, Strategy raised its Bitcoin gain target to $15 billion and its BTC yield target to 25%.

This aggressive strategy continues Saylor's long-standing approach, where Bitcoin is treated as a core treasury asset, not just a speculative investment.

The firm also reminded investors about its Strategy Dashboard, a disclosure hub on its website, used for providing frequent and timely updates on its Bitcoin holdings and performance, in accordance with its commitment to transparency and open communication with stakeholders.