Strategy, the largest corporate holder of Bitcoin, has made another big move. Between April 21 and April 27, the company bought 15,355 Bitcoin for about $1.4 billion. The average price was around $92,737 per Bitcoin. Strategy funded this purchase by selling its own stock. According to a new SEC filing, Strategy sold about 4.02 million shares of its Class A common stock, listed as MSTR, and 435,069 shares of its 8.00% Series A preferred stock, listed as STRK. These stock sales raised the $1.4 billion needed for the Bitcoin acquisition.
This latest buy pushes Strategy’s total Bitcoin holdings to 553,555 BTC. At today’s prices, that is worth about $52.7 billion. Bitcoin is trading near $95,300, based on data from TradingView. Bitcoin’s rising price has given Strategy large unrealized gains. Their Bitcoin holdings, which cost about $37.9 billion to buy, are now worth almost $15 billion more. Strategy paid an average price of $68,459 for each Bitcoin they own.
Strategy has now bought Bitcoin for three straight weeks. The week before, they purchased 6,556 BTC. Michael Saylor, Strategy’s co-founder and chairman, posted on Sunday about the company’s Bitcoin portfolio tracker. Many investors see his posts as a signal that Strategy is about to announce new Bitcoin buys. His updates often move the market.
Shares of Strategy’s stock, MSTR, have also reacted to the news. MSTR stock rose 5% last Friday and was up another 1.6% in pre-market trading on Monday. Investors often watch MSTR as a proxy for Bitcoin prices because Strategy holds so much Bitcoin. When Bitcoin rises, MSTR often rises too.
Strategy’s funding method shows how much confidence they have in Bitcoin. Selling stock to buy more Bitcoin is a bold move. It also shows that Strategy sees Bitcoin as a strong long-term investment. They have now committed more than $37.9 billion into Bitcoin over the years. Their current holdings of 553,555 BTC make Strategy by far the largest corporate holder of Bitcoin in the world.
Using stock sales to fund Bitcoin buys can be risky. If Bitcoin’s price falls, Strategy’s stock could drop too. Investors understand that when they buy MSTR shares, they are investing heavily in Bitcoin’s future. Still, Strategy has stayed consistent with its approach, adding to its Bitcoin reserves even when prices were uncertain.
Bitcoin’s current price of $95,300 has helped boost the value of Strategy’s holdings. TradingView data shows Bitcoin has risen sharply over the past few weeks. Some experts believe Bitcoin’s price surge is due to growing interest from institutional investors. Recent approval of Bitcoin ETFs and more crypto-friendly policies have also helped push Bitcoin higher.
Michael Saylor has long been a public supporter of Bitcoin. He often calls Bitcoin “digital gold” and argues it is a better store of value than cash. Strategy’s Bitcoin portfolio tracker, which updates in real time, shows the company’s exact holdings and average price. This level of transparency is rare among large Bitcoin holders.
The SEC filing that revealed the recent stock sales also shows how carefully Strategy plans its Bitcoin buys. By selling Class A common stock and preferred stock, Strategy can raise funds without taking on debt. Preferred stock like STRK usually pays a high dividend. Investors who buy STRK know they will get regular payments even if Bitcoin’s price moves up and down.
Strategy’s approach to Bitcoin differs from other corporate investors. Some companies like Tesla and Block also hold Bitcoin, but they have smaller amounts and often sell some holdings when prices rise. Strategy has continued to buy and hold Bitcoin no matter the market conditions. This “buy and hold” strategy is closer to the philosophy behind traditional long-term investing.
With the latest purchase, Strategy has signaled that they believe Bitcoin still has room to grow. While Bitcoin’s price is already near all-time highs, Strategy’s actions suggest they expect further gains. At $95,300, Bitcoin is getting close to the $100,000 milestone that many Bitcoin enthusiasts have been predicting for years.
Institutional interest in Bitcoin has been growing steadily. Major banks, hedge funds, and even pension funds are exploring Bitcoin and other cryptocurrencies as part of their portfolios. The launch of Bitcoin ETFs has made it easier for traditional investors to get exposure to Bitcoin without owning it directly. These trends have given Bitcoin more legitimacy and helped push prices higher.
Strategy’s Bitcoin acquisitions also come at a time when other cryptocurrencies are gaining attention. Ethereum, the second largest cryptocurrency, has been performing well too. Still, Bitcoin remains the leader in the market, and many investors see it as the safest bet among digital assets.
The crypto market remains volatile, and risks remain. Regulation changes, technical issues, or market shocks could hurt prices. Strategy’s large Bitcoin position makes it more exposed to these risks than most companies. However, Michael Saylor and the company’s leadership have made it clear they are willing to accept these risks for the potential rewards.
As Bitcoin’s price moves, Strategy’s stock MSTR will likely continue to move with it. Investors who are bullish on Bitcoin often buy MSTR shares as a way to get leveraged exposure to Bitcoin’s price movements. This link between Strategy and Bitcoin is unlikely to change anytime soon.
For Bitcoin enthusiasts, Strategy’s steady accumulation of Bitcoin is a strong sign of confidence. While some companies experiment with small Bitcoin investments, Strategy has made Bitcoin a central part of its corporate strategy. Their decision to add another 15,355 BTC shows they are not slowing down.
Michael Saylor’s belief in Bitcoin as digital gold continues to guide Strategy’s decisions. The company’s Bitcoin portfolio tracker, regular SEC filings, and stock offering strategies all reflect a clear and focused plan. Strategy’s actions show they view Bitcoin not as a short-term trade, but as a core holding that will shape the company’s future.
Whether Bitcoin reaches $100,000 soon or not, Strategy has made it clear that they are committed. Their latest $1.4 billion Bitcoin purchase, funded by selling MSTR and STRK stock, adds to a growing stack of 553,555 BTC. With Bitcoin trading near $95,300, Strategy’s bet on the world’s largest cryptocurrency has already paid off, and they are clearly betting there’s more upside to come.