Strategy acquired 13,390 Bitcoin (BTC) for approximately $1.34 billion between May 5 and May 11, increasing its total holdings. The firm now owns 568,840 BTC
MicroStrategy (MSTR) has purchased 13,390 Bitcoin (BTC) for approximately $1.34 billion over a seven-day period, beginning May 5 and concluding May 11, increasing its total bitcoin holdings.
As of May 11, the firm now owns 568,840 BTC, valued at over $59 billion with current bitcoin prices. This purchase continues MicroStrategy’s aggressive cryptocurrency accumulation strategy and further strengthens its position as the largest corporate holder of bitcoin.
The company funded this latest bitcoin acquisition through the sale of its own stock. Over the past week, MicroStrategy sold 3,222,875 shares of class A common stock and perpetual preferred stock for a total of approximately $1.31 billion. Additionally, it issued 273,987 shares of STRK, generating approximately $25.1 million.
Despite recent volatility in bitcoin prices and changes in fair value accounting that resulted in a substantial loss for the company, MicroStrategy’s strategy of amassing a bitcoin treasury and reporting any impairments has led to significant unrealized gains in 2024.
As of May 11, MicroStrategy’s bitcoin investment is in the black by over $29 billion. The firm currently holds over 2.7% of the total 21 million bitcoin supply.
In the past six months alone, MicroStrategy has rapidly added 303,230 BTC, highlighting its persistent presence in the market.
MicroStrategy’s capital plan remains active, with significant room for future stock sales. As of May 11, the company still has $19.69 billion in MSTR shares available for issuance, and $20.85 billion in STRK shares remain for sale, further supporting its bitcoin acquisitions.
These funding efforts align with MicroStrategy’s expanded “42/42” capital plan to raise $84 billion through 2027. The plan includes equity offerings and convertible notes, replacing the previously completed “21/21” structure, the equity side of which has now been fully utilized.
MicroStrategy’s strong access to capital markets allows it to maintain low debt while aggressively expanding its bitcoin treasury. Analysts note that MicroStrategy has no major debt payments due until 2028, keeping leverage manageable despite share dilution, and market sentiment remains positive due to the consistent execution of its funding model.
