Strategy (MSTR) News: Another $180.3M of Bitcoin Acquired

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Michael Saylor’s Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC

In a strategic move reinforcing its long-term commitment to digital assets, Strategy (MSTR), led by Executive Chairman Michael Saylor, has acquired an additional 1,895 bitcoins (BTC) for $180.3 million. This purchase brings the company's total Bitcoin holdings to **555,450 BTC**, valued at over **$52 billion** at current market prices.

The acquisition, completed last week, was funded through a dual capital raise: $128.5 million from the sale of common stock and $51.8 million from the issuance of STRK preferred stock. According to an SEC Form 8-K filing published on May 5, 2025, the average purchase price per Bitcoin was $95,167.

This latest buy-in underscores MSTR’s aggressive treasury strategy centered around Bitcoin as a primary reserve asset—a model that continues to attract investor attention amid macroeconomic uncertainty and growing institutional adoption of cryptocurrency.

Funding Mechanism: ATM Offerings Power Bitcoin Accumulation

The capital used in this round of Bitcoin acquisition came primarily from Strategy’s at-the-market (ATM) offerings. The $128.5 million raised via common stock sales marked the exhaustion of MSTR’s previous $21 billion ATM program authorized in 2024. Notably, the company swiftly replaced it with a new $21 billion ATM offering, signaling ongoing confidence in its ability to raise equity efficiently to fund further Bitcoin purchases.

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ATM offerings allow firms like MSTR to sell shares incrementally into the open market at prevailing prices, minimizing market impact and maximizing capital flexibility. This mechanism has become central to MSTR’s strategy of continuously acquiring Bitcoin without relying on debt or dilutive large-scale placements.

The supplementary $51.8 million raised through STRK preferred stock adds another layer of financial engineering to the company’s capital structure. Preferred shares typically offer fixed dividends and priority over common stockholders during liquidation, making them attractive to institutional investors seeking yield with downside protection.

Strategic Bitcoin Reserve: Scale and Valuation Impact

With 555,450 BTC now under its belt, Strategy ranks among the largest corporate holders of Bitcoin globally. The company’s entire BTC portfolio was acquired at an average cost basis of $68,550 per coin**, translating to a total investment of **$38.08 billion.

Given Bitcoin’s current trading price near $94,000, MSTR’s holdings have appreciated significantly, creating substantial unrealized gains. This positions the company not only as a technology enterprise but also as a de facto leveraged play on Bitcoin’s price performance.

Such a treasury strategy has drawn both praise and scrutiny. Supporters argue that holding Bitcoin hedges against fiat currency devaluation and offers superior long-term returns compared to traditional cash equivalents. Critics point to volatility risks and question the sustainability of continuous share issuance to fund purchases.

Nevertheless, MSTR’s approach has influenced other public companies to explore Bitcoin as a balance sheet asset, contributing to broader institutional crypto adoption.

Market Reaction and Stock Performance

Despite the bullish signal sent by another round of Bitcoin accumulation, MSTR shares were down 2.7% in premarket trading following the announcement. This reaction may reflect short-term investor caution related to equity dilution concerns from the stock sales.

However, long-term investors focused on net asset value (NAV) per share—increasing due to rising BTC prices—may view the dip as an opportunity. As Bitcoin continues to outperform traditional safe-haven assets like gold and Treasuries, MSTR’s valuation increasingly ties to its digital asset reserves rather than core business operations.

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These keywords reflect high-volume queries from users seeking updates on MSTR’s financial moves, Bitcoin accumulation trends among public companies, and investment strategies involving digital assets.

Frequently Asked Questions (FAQ)

Why is Strategy (MSTR) buying so much Bitcoin?

Strategy views Bitcoin as a superior store of value compared to cash or traditional treasury instruments. By allocating capital to BTC, the company aims to protect shareholder value against inflation and currency debasement while benefiting from long-term appreciation.

How does MSTR afford to keep buying Bitcoin?

MSTR funds its purchases primarily through equity financing—specifically ATM offerings and preferred stock sales. These methods allow the company to raise capital quickly and reinvest it into Bitcoin without increasing debt levels.

Is Michael Saylor still involved with MSTR?

Yes. Michael Saylor serves as Executive Chairman of Strategy and remains the public face of the company’s Bitcoin-focused treasury policy. His vision has been instrumental in shaping MSTR’s transformation into a crypto-centric enterprise.

What happens if Bitcoin price drops?

A decline in BTC price would reduce the market value of MSTR’s holdings, potentially pressuring its stock. However, the company maintains a long-term hold strategy and does not sell its BTC, aiming to weather volatility over time.

How does MSTR report its Bitcoin holdings?

MSTR discloses its Bitcoin purchases and holdings through regular SEC filings, including Form 8-K for major acquisitions and quarterly 10-Q reports detailing financials and asset valuations.

Could other companies follow MSTR’s model?

Yes. Companies like MicroStrategy have paved the way for corporate Bitcoin adoption. Firms with strong balance sheets and forward-looking treasurers may consider allocating part of their reserves to Bitcoin as a hedge against macroeconomic instability.

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Conclusion: A Bold Blueprint for Corporate Finance

Strategy’s latest $180.3 million Bitcoin purchase exemplifies a bold reimagining of corporate treasury management. By treating Bitcoin as a primary reserve asset and leveraging modern capital markets tools like ATM offerings, MSTR has created a replicable—if controversial—blueprint for institutional crypto integration.

As global economic conditions evolve, more companies may evaluate similar strategies to preserve capital and generate long-term shareholder value. Whether this model becomes mainstream depends on regulatory clarity, market stability, and continued confidence in digital assets as legitimate financial instruments.

For now, all eyes remain on Michael Saylor and Strategy as they continue stacking sats—and shaping the future of finance.