Strategy Reaches 553,555 Bitcoin after Latest Purchase
The business-intelligence company now trading under the shorthand “Strategy” disclosed in a United States Securities and Exchange Commission filing on 28 April that it had bought 15,355 bitcoin during the previous week for about $1.42 billion. At the prevailing market price of roughly $95,000 per coin, the firm’s treasury comes to 553,555 BTC, valued at just over $52 billion, or about £41.5 billion.
Stock Sales and Preferred Shares
According to the filing, the latest tranche was financed through two at-the-market programmes that sold ordinary shares and a 10 per cent Series A perpetual preferred line. The combined offerings have raised more than $21 billion since October 2024, leaving only a small allocation still available. Strategy said the average price paid for the fresh coins was $92,737, pushing its overall average purchase cost to $68,459.
$MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin. https://t.co/5OOs3UdWLg
Executive ChairmanMichael Saylor, who began converting corporate cash into bitcoin in 2020, reiterated on social media that the cryptocurrency remains the firm’s “primary treasury reserve asset”. Supporters argue that the approach provides an inflation hedge and marketing halo, while critics warn of concentration risk. The company’s bitcoin yield, a proprietary metric that compares returns on its coin stack with diluted shares, stands at 13.7 per cent for the year to date.
Market Reaction and Share-Price Swings
Strategy’s shares initially rose 1.5 per cent in pre-market trade following the announcement, mirroring a modest uptick in the wider bitcoin price. Analysts noted, however, that the equity remains highly correlated to the cryptocurrency and exhibits above-market volatility. Short-interest data compiled by S3 Partners show a sustained build-up of bearish positions since late March, suggesting some investors remain unconvinced that the aggressive accumulation strategy is sustainable should bitcoin’s price reverse.
The purchase comes as inflows into spot-bitcoin exchange-traded funds continue and several Fortune 500 treasuries experiment with tokenised short-term bonds. Last week, BlackRock’s iShares Bitcoin Trust logged a record daily inflow of nearly $1 billion, while Tesla disclosed $951 million of bitcoin on its first-quarter balance sheet. Regulators on both sides of the Atlantic are simultaneously tightening reporting requirements, with the US Financial Accounting Standards Board set to mandate fair-value treatment for crypto holdings from 2026, a move auditors say could make quarterly earnings more volatile for companies such as Strategy.
Prospects and Risks Ahead
Strategy now controls roughly 2.64 per cent of the bitcoin that will ever exist, intensifying scrutiny of its capital-management model. Supporters point out that the firm has historically used low-cost convertible debt and equity to fund purchases, locking in additional coins without immediate cash outlay. Detractors counter that the balance-sheet leverage could amplify losses in the event of a deep market correction, and that the firm’s underlying software business generates only a fraction of the cash required to service interest if bitcoin were to fall sharply.
Conclusion
Strategy’s latest $1.42 billion acquisition cements its position as the world’s largest corporate holder of bitcoin, taking its stack to 553,555 BTC worth more than $50 billion. The move underscores management’s conviction that digital gold will continue to appreciate and signals to other companies that large-scale treasury allocation remains feasible. Yet the decision also heightens exposure to a notoriously volatile asset class and leaves shareholders riding a share price that often moves in lock-step with crypto sentiment. Whether the gambit proves visionary or reckless will depend largely on the trajectory of bitcoin itself, a variable over which Strategy has no control.
