1 week ago
2
TLDR
- Strategy purchased 1,895 BTC for $180.3M, funded by stock and STRK sales
- Company now holds 555,450 BTC worth $52B with an average cost of $68,550 per BTC
- Strategy reports $14B unrealized gain (14% ROI) and aims for 25% ROI in 2025
- Company launched new $21B ATM offering after fully utilizing previous one
- Bitcoin trades around $94K with strong technical indicators supporting bullish outlook
Strategy, formerly known as MicroStrategy, has added 1,895 Bitcoin (BTC) to its holdings according to a May 5, 2025, SEC filing. The purchase was made between April 28 and May 4 at a total cost of $180.3 million, with an average price per Bitcoin of $95,167.
The company funded this acquisition through strategic financial moves. Strategy raised $128.5 million from selling common shares and $51.8 million from STRK preferred shares. These sales were part of the company’s at-the-market (ATM) stock offering plan.
After fully utilizing its previous ATM offering, Strategy quickly introduced a new $21 billion ATM offering. This move shows the company’s commitment to continuing its Bitcoin acquisition strategy.
Strategy now holds a total of 555,450 Bitcoin. This makes it the largest corporate holder of Bitcoin, representing nearly 3% of Bitcoin’s maximum supply.
The company has invested an aggregate of $38.08 billion in Bitcoin at an average purchase price of $68,550 per Bitcoin. At current market prices around $94,000, Strategy’s Bitcoin holdings are valued at over $52 billion.
Growth Through Equity Financing
Strategy’s approach relies heavily on equity financing to support its Bitcoin purchases. The company remains focused on expanding its Bitcoin reserves through a mix of stock and bond offerings.
Last week, Strategy announced plans to double its capital raising capacity. This includes the new $21 billion ATM offering and expanding its debt purchase program to $42 billion.
During its latest earnings call, the company unveiled what it calls the “42/42 Plan.” This roadmap aims to raise $84 billion in capital over the next two years, split equally between equity and fixed-income instruments.
All of this funding is earmarked for future Bitcoin acquisitions. The company has set an ambitious goal of raising its holdings to $84 billion by 2027.
This latest purchase follows a larger Bitcoin acquisition of 15,355 BTC for $1.42 billion. Strategy has maintained a consistent buying pace throughout the year, often adding to its position weekly.
Market Performance and Outlook
Strategy’s Bitcoin holdings now represent an unrealized gain of approximately $14 billion. This translates to a 14% return on investment for 2025 so far.
The company aims to achieve a 25% return and a $15 billion gain from its Bitcoin exposure this year. Michael Saylor, co-founder and Executive Chairman of Strategy, remains vocal about Bitcoin’s role in the company’s financial strategy.
Despite Strategy’s shares being down 2.7% in pre-market trading on Monday, investor sentiment towards the company’s Bitcoin-focused approach remains largely positive. This comes despite the company reporting five consecutive quarterly net losses.
Bitcoin itself is currently trading at around $94,596. This represents a slight decrease of 0.2% in the 24-hour time frame, but gains of up to 13% in the monthly period.
Technical indicators remain supportive of a bullish outlook for Bitcoin. The RSI stands at 59.84, indicating moderate strength without being overbought. The MACD line remains above the signal line with a positive histogram, suggesting continued bullish momentum.
Strategy maintains a Bitcoin dashboard on its official website that provides real-time updates on its holdings. This offers transparency into both the size and value of the company’s Bitcoin portfolio.
English (US) ·