Catenaa, Friday, May 15, 2026- Bitcoin treasury firm Strategy resumed its aggressive acquisition campaign by purchasing another 535 bitcoin worth about $43 million after briefly pausing buys ahead of its quarterly earnings release.
The company disclosed Monday in a filing with the Securities and Exchange Commission that the purchases were made between May 4 and May 10 at an average price of $80,340 per bitcoin. The latest acquisition pushed Strategy’s total holdings to 818,869 BTC, strengthening its position as the world’s largest corporate bitcoin holder with control of nearly 4% of bitcoin’s fixed supply.
Strategy said its bitcoin holdings are now worth roughly $66.5 billion at current market prices. The company acquired the assets at an average purchase price of about $75,540 per bitcoin for a total cost near $61.9 billion including fees and expenses.
The latest purchases were financed through at the market share sales involving the company’s Class A common stock and multiple perpetual preferred stock programs. Strategy sold more than 231,000 MSTR shares last week, generating approximately $42.9 million in proceeds.
The company also continues raising capital through preferred stock offerings including STRC, STRK, STRF and STRD. Combined, those programs form part of Strategy’s wider “42/42” capital plan targeting $84 billion in fundraising through 2027 to support continued bitcoin acquisitions.
Executive Chairman Michael Saylor signaled the latest purchase before the announcement by posting “Back to work” alongside the company’s bitcoin tracker on social media Sunday.
The continued accumulation reflects Strategy’s ongoing belief that bitcoin remains a long term treasury reserve asset despite market volatility and accounting losses. The company reported a $12.5 billion first quarter net loss earlier this month, largely tied to unrealized markdowns on its bitcoin holdings after accounting rule changes.
Analysts said the firm’s aggressive buying strategy continues influencing broader corporate bitcoin adoption trends. According to Bitcoin Treasuries data, nearly 200 public companies now hold bitcoin on their balance sheets in some form.
Strategy’s holdings alone now represent more than 3.9% of bitcoin’s maximum 21 million supply, giving the company enormous influence across institutional bitcoin markets.
At the same time, investors continue debating the long term sustainability of funding bitcoin purchases through equity dilution and preferred stock issuance. Some analysts warn the company’s valuation remains highly sensitive to bitcoin price movements and investor appetite for crypto linked securities.
JPMorgan analysts recently estimated Strategy could purchase roughly $30 billion worth of bitcoin during 2026 if the company maintains its current acquisition pace.
Market researchers also highlighted growing attention around Strategy’s STRC preferred stock program, which currently offers an annualized dividend rate of 11.5%. The company recently proposed shifting dividend payments from monthly to twice monthly distributions to improve liquidity and market stability.
Saylor also softened his previous “never sell bitcoin” position during recent interviews and earnings discussions. He acknowledged the company may occasionally sell small portions of bitcoin to fund preferred share dividends or support operations.
At the same time, Saylor emphasized that any sales would likely be outweighed by additional purchases. Analysts tracking Strategy’s approach said the company remains structurally committed to long term bitcoin accumulation rather than active trading.
Strategy’s latest purchase reinforces the company’s status as the dominant corporate force in bitcoin markets as institutional adoption continues expanding across public companies and financial firms.
The firm’s aggressive treasury strategy has reshaped corporate discussions around bitcoin reserve management while also increasing investor scrutiny over leverage, dilution and long term risk exposure.
As bitcoin trades near $82,000 and institutional participation broadens through ETFs and treasury holdings, Strategy remains one of the most closely watched indicators of corporate conviction in digital assets.
Strategy, formerly known as MicroStrategy, began converting large portions of its balance sheet into bitcoin in 2020 under the leadership of Michael Saylor. The company argued that bitcoin offered stronger long term protection against inflation and currency debasement than cash reserves. Since then, Strategy has repeatedly issued debt, common stock and preferred shares to finance additional bitcoin purchases.
The approach inspired a broader wave of public companies to add bitcoin to corporate treasuries, particularly after spot bitcoin exchange traded funds launched in the US. Despite large unrealized accounting losses during market downturns, Strategy continued expanding its holdings through multiple market cycles.
The company’s growing influence has also fueled debate among analysts over corporate leverage, bitcoin concentration risk and the role of digital assets inside traditional treasury management strategies.
