Strategy Bitcoin Holdings Hit 4% of Total Supply
Strategy expanded its Bitcoin reserves with another major acquisition, pushing its holdings above 4% of the Bitcoin’s total supply cap.
Michael Saylor’s Strategy has added another 24,869 BTC to its balance sheet in a purchase worth approximately $2.01 billion, further strengthening its position as the world’s largest corporate holder of Bitcoin.
According to a May 18 filing with the U.S. Securities and Exchange Commission (SEC), the company acquired the Bitcoin between May 11 and May 17 at an average price of $80,985 per BTC.
The latest purchase lifts Strategy’s total Bitcoin holdings to 843,738 BTC, valued at roughly $65 billion at current market prices. The amount now represents more than 4% of Bitcoin’s fixed 21 million supply, highlighting the company’s increasingly dominant role in the digital asset market.
Strategy Extends Lead Over Institutional Holders
With its latest acquisition, Strategy now holds more Bitcoin than any other publicly known corporate treasury or institutional entity. The company’s reserves also exceed the roughly 817,000 BTC reportedly held by asset management giant BlackRock on behalf of clients through its Bitcoin investment products.
The purchase marks Strategy’s sixth-largest weekly Bitcoin acquisition to date and its second-largest buy of 2026, following the firm’s earlier acquisition of 34,164 BTC in April.
Strategy financed the transaction primarily through its ongoing at-the-market (ATM) equity programs tied to multiple company securities.
ATM Programs Continue Fueling Bitcoin Purchases
The company disclosed that it sold:
- 430,344 shares of its Class A common stock (MSTR) for approximately $83.7 million
- 19,519,801 shares of its STRC perpetual preferred stock for approximately $1.95 billion
Strategy stated that $26.27 billion in MSTR shares remains available under the current issuance program, while another $17.51 billion worth of STRC shares can still be issued and sold.
The company recently expanded its capital-raising plans, authorizing:
- An additional $21 billion in MSTR offerings
- Another $21 billion in STRC preferred stock
- Up to $2.1 billion in STRK preferred stock
The increasingly aggressive financing strategy reflects Strategy’s long-term commitment to accumulating Bitcoin as a core treasury reserve asset.
Saylor Teases Another Massive Purchase
Before the announcement became public, Strategy co-founder Michael Saylor once again hinted at the upcoming acquisition on X.
Sharing the company’s Bitcoin tracker on May 17, Saylor posted:
“Big dot energy.”
The phrase was widely interpreted by market participants as a signal that another substantial Bitcoin purchase disclosure was imminent.
STRC Preferred Stock Becomes Key Funding Tool
Strategy’s recently launched STRC variable-rate cumulative preferred stock has become a major driver behind the company’s Bitcoin acquisition strategy.
The instrument currently offers an annualized dividend rate of 11.5% and is structured with adjustable rates designed to keep the stock trading near its $100 par value.
The company also proposed changing STRC dividend distributions from monthly payments to twice-monthly payments, stating the move could improve liquidity, reduce reinvestment lag, and enhance market efficiency.
Trump Family Disclosed Strategy Investments
The filing follows another high-profile development tied to the company.
On May 14, U.S. President Donald Trump and members of his family disclosed transactions involving Strategy shares during the first quarter of the year.
The disclosures showed multiple purchases and sales of Strategy Class A stock across eight separate transactions. The largest purchase, dated Feb. 12, was valued between $50,001 and $100,000, while the largest sale on Jan. 12 ranged between $15,001 and $50,000.
The Trump family also disclosed positions in other crypto-linked companies, including Coinbase and MARA Holdings.
Debt Buyback Raises Questions About Future Funding
Strategy also moved to reduce outstanding debt last week by agreeing to repurchase $1.5 billion face value of its zero-coupon convertible notes due in 2029 for roughly $1.38 billion, or about 92 cents on the dollar.
Notably, the company identified potential Bitcoin sales as one possible funding source for the transaction. The disclosure drew attention because Saylor has repeatedly described Strategy as a “net accumulator” of Bitcoin rather than a seller.
According to CryptoPulse.News’ Crypto Treasury Tracker, Strategy remains the leading public company implementing a Bitcoin corporate treasury strategy, ahead of firms including Twenty One Capital, Metaplanet, MARA Holdings, and Bitcoin Standard Treasury Company.
Companies adopting Bitcoin treasury strategies generally seek to protect purchasing power from fiat currency inflation, pursue long-term capital appreciation, and reduce exposure to underperforming cash reserves or low-yield traditional fixed-income assets.
