Strategy Purchases $1.34B Bitcoin as it approaches New All-Time-High
Business Intelligence firm Strategy, the enterprise formerly known as MicroStrategy, said on Monday it had bought 13,390 Bitcoin for about $1.34 billion, paying an average $99,856 per coin. The disclosure, filed with the US Securities and Exchange Commission, landed hours after Bitcoin itself breached the psychologically important $100,000 mark for the first time since February.
Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR$STRK$STRFhttps://t.co/oSXRMwiTkU
The purchase lifts Strategy’s treasury to 568,840 BTC, worth roughly $59 billion at prevailing prices and more than the reserves of any other public company. Michael Saylor, the firm’s Executive Chair and chief evangelist for Bitcoin, said the latest tranche aims to “accelerate shareholder value” by deepening exposure to what he calls a “digital monetary network”.
Funding mix underscores aggressive accumulation
Strategy financed the deal through a cocktail of share issuance and preferred-stock sales completed between 5 and 11 May. Over the past two years, the company has repeatedly tapped equity and convertible-debt markets to bankroll its Bitcoin strategy, arguing that the cryptocurrency’s long-run appreciation will outpace the dilution. In Monday’s filing, it also floated plans for up to $21 billion of additional stock sales, signalling that further purchases are likely.
Analysts note that the average purchase price for the company’s entire stack now sits near $69,300 per Bitcoin, implying a year-to-date yield of about 15.5 per cent. While that figure flatters the firm’s timing, critics warn that the strategy magnifies downside risk should prices retreat below the cost basis, potentially squeezing both liquidity and shareholder equity.
Market reaction reveals mixed sentiment
News of the acquisition initially nudged Strategy’s Nasdaq-listed shares higher, yet they closed 2.3 per cent lower at $406.30 amid a broader late-session pull-back in crypto-linked stocks. Bitcoin itself climbed as high as $105,500 before slipping back to just above $101,000 in volatile afternoon trade, giving back some of the gains driven by easing US–China tariff tensions.
Bitcoin’s had a big week – for Corporations, BTCs, and everyone else. Go reward yourself. pic.twitter.com/pAVmBaqdeg
Equity analysts are split on whether the company’s Bitcoin-centric approach represents visionary treasury management or concentrated single-asset risk. Barron’s Mark Palmer argued that Strategy’s holdings provide “an embedded Bitcoin exchange-traded fund” that trades at a premium during rallies. Others, including several short sellers, counter that the model leaves little room for operational missteps in the underlying software business.
Regulatory and macro backdrop remain pivotal
The latest purchase lands as US regulators prepare to finalise capital-market rules for spot-crypto funds and as global policymakers weigh coordinated anti-money-laundering standards. While a friendlier framework could broaden institutional demand, lingering uncertainty keeps volatility elevated; Bitcoin’s three-month range has stretched from $74,000 to $109,000.
Macro factors also loom large. Thursday’s rally above six figures followed signs of détente in trade disputes, only for profit-taking to puncture the advance. Economists caution that further gains depend on wider risk appetite and the path of US interest rates, both of which remain fluid heading into the summer.
Conclusion
Strategy’s latest billion-dollar splash illustrates corporate America’s most extreme endorsement of Bitcoin’s long-term potential, yet it also magnifies the firm’s exposure to an asset renowned for rapid price swings. Supporters see the move as an inflation hedge and a bold bet on digital-era value storage. Sceptics regard it as leveraged speculation that could unwind sharply if macro sentiment shifts or regulatory headwinds intensify. With Bitcoin once again straddling the six-figure threshold, both sides will find fresh evidence for their convictions in the weeks ahead.
