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Cryptocurrency News Articles
Strategy (formerly MicroStrategy) Buys 13,390 Bitcoin (BTC) for $1.34 Billion
May 12, 2025 at 09:45 pm
The company formerly known as MicroStrategy (NASDAQ:MSTR) acquired an additional 13,390 Bitcoin (BTC) for approximately $1.34 billion, according to a May 12 SEC filing.
The purchase brings the firm's total holdings to 568,840 Bitcoin, worth over $59 billion at current prices.
The acquisition was announced by Executive Chairman Michael Saylor on X, where he stated the coins were acquired at an average price of $99,856 per BTC.
The company now holds its Bitcoin at an average cost basis of $69,287, with a year-to-date yield of 15.5% in 2025.
The purchase was financed through the sale of 3.22 million shares of common stock and 273,987 shares of its Series STRK preferred stock, raising $1.34 billion between May 5 and May 11.
The firm still has over $40 billion worth of stock authorized for future issuance across both classes, according to filings.
Shares of Strategy are up 1.65% in premarket trading.
The company has been aggressively acquiring Bitcoin since 2020 and remains the largest public holder of the asset. The company's MSTR shares rose 2% in pre-market trading on the news.
With Bitcoin currently trading near $104,000, Strategy's Bitcoin treasury represents a major bet on the cryptocurrency's long-term value.
The firm has continued to finance purchases through stock offerings, signaling that it sees Bitcoin as a better store of value than cash or other corporate reserves.
Disclaimer:info@kdj.com
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