Strategy, formerly known as MicroStrategy, has once again increased its Bitcoin Bet, purchasing an additional 13,390 BTC for $1.34 billion at an average price of $99,856 per bitcoin.
With this latest buy, strategy now owns a total of 568,840 bitcoins. All these bitcoins cost the company around $39.41 billion in total. But due to bitcoin price going up, the current value of their holdings is over $59 billion, giving the company about $20 billion in profit (on paper).
How Did They Get the Money?
To pay for the new bitcoins, Strategy sold some of its own stock, raising 1.31 billion by selling 3.2 million shares of its stock (MSTR), and another $25.1 million from selling preferred stock (STRK) with nearly $40 billion in combined stock offering available for future bitcoin purchases.
According to the company, this is a part of the 42/42 plan that aims to raise $84 billion by 2027 for continued bitcoin investment. The plan originally aimed for $42 billion but was doubled due to growing interest and opportunity.
Strategy’s executive chairman, Michael Saylor, gave a hint about the new purchase on May 11 by telling followers to “connect the dots”, while sharing an update on Strategy’s bitcoin purchase tracker
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Interestingly, between April 28 and May 4, the company had purchased 1,895 BTC for $180 million, showing the company’s ongoing commitment to aggressive accumulation.
More Companies Join the Bitcoin Trend
More than 70 companies now hold bitcoin on their balance sheet. Firms like Cantor Fitzgerald, Bitfinex, and SoftBank recently announced a joint $3.6 billion bitcoin venture, showing that strategy’s bold approach is clearly influencing this growing trend.
Analysts at Bernstein believe that this wave of corporate interest could add $330 billion to the bitcoin market cap over the next five years.
Financial Picture
Earlier this month, strategy reported a 4.2 billion loss for the first quarter of 2025, due mostly to new accounting rules that count temporary drops in bitcoin’s value.
Still, its stock (MSTR) is up 41.85% this year currently sitting at a price of $410.71, with analysts remaining confident, giving it a price target of $600–$650.
Also read: KindlyMD Merges with Nakamoto Holdings to Create $710M Bitcoin Treasury Giant
