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

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.