Strategy has added another 535 Bitcoin to its treasury, pushing its total holdings close to 819,000 BTC as the company continues its aggressive accumulation strategy.
Key Takeaways
- Strategy purchased 535 Bitcoin for approximately $43 million last week.
- The company now holds 818,869 BTC worth nearly $66 billion at current prices.
- The latest acquisition was funded through the sale of common stock under Strategy’s ATM program.
- Michael Saylor said the company can still grow its Bitcoin holdings even if limited BTC sales occur in the future.
What Happened?
Strategy announced on May 11 that it acquired an additional 535 Bitcoin between May 4 and May 10 at an average purchase price of $80,340 per coin. The latest buy cost the company around $43 million and increased its total Bitcoin holdings to 818,869 BTC.
Executive Chairman Michael Saylor shared the update on X, while company filings confirmed the purchase was funded through Strategy’s at the market equity offering program.
Strategy has acquired 535 BTC for ~$43.0 million at ~$80,340 per bitcoin and has achieved BTC Yield of 9.4% YTD 2026. As of 5/10/2026, we hodl 818,869 $BTC acquired for ~$61.86 billion at ~$75,540 per bitcoin. $MSTR $STRC https://t.co/qScHXi2BBJ
— Michael Saylor (@saylor) May 11, 2026
Strategy Continues Aggressive Bitcoin Accumulation
The latest purchase further strengthens Strategy’s position as the largest publicly traded corporate holder of Bitcoin. According to the company, its total Bitcoin holdings were acquired for approximately $61.86 billion at an average cost basis of $75,540 per BTC.
With Bitcoin trading above $81,000 at the time of announcement, Strategy’s massive treasury remains in profit. Based on current market prices, the company’s holdings are valued at roughly $66 billion.
The purchase was primarily funded through the sale of 231,324 shares of MSTR common stock, which generated approximately $43 million in net proceeds. Strategy continues to rely on equity issuance programs to fund additional Bitcoin acquisitions without directly tapping operating cash flows.
Michael Saylor also revealed that Strategy’s BTC Yield stood at 9.4% so far this year. BTC Yield is one of the company’s key internal metrics used to measure Bitcoin accumulation performance relative to shareholder dilution.
Strategy Discusses Possible Bitcoin Sales
The latest acquisition comes only days after Strategy executives discussed situations where the company could potentially sell some of its Bitcoin holdings.
During the company’s first quarter earnings call on May 5, Saylor explained that Strategy may consider selling Bitcoin in limited cases to meet financial obligations such as dividend payments or convertible debt repayments.
However, he emphasized that any decision to sell Bitcoin would depend on whether the move remains beneficial on a Bitcoin per share basis for shareholders.
Saylor said the company’s capital model is built around Bitcoin’s estimated 2.3% annual breakeven return. According to him, if Bitcoin returns remain above that level, Strategy can continue selling limited amounts of BTC while still increasing its overall holdings through capital raises and new share issuance.
He also projected that under certain issuance scenarios, Strategy could potentially add as much as 144,000 BTC to its treasury over time.
Strategy Prioritizes Bitcoin Per Share
Strategy CEO Phong Le also addressed the company’s Bitcoin strategy during a recent CNBC interview. He explained that Strategy compares selling Bitcoin against issuing new shares and prioritizes Bitcoin per share as its main decision making metric.
Le said the company would only consider Bitcoin sales in specific situations, including funding the company’s 11.5% STRC dividend obligations or improving tax efficiency.
The comments appear aimed at reassuring investors that Strategy remains committed to its long term Bitcoin accumulation strategy despite discussing limited sale scenarios.
Following the latest purchase announcement, MSTR shares moved higher in pre-market trading as investors reacted positively to the continued expansion of the company’s Bitcoin reserves.
CoinLaw’s Takeaway
In my experience, Strategy continues to operate like a Bitcoin focused financial machine rather than a traditional software company. Even after discussing the possibility of selling BTC, the company immediately returned to buying more Bitcoin, which sends a strong message about its long term conviction.
I found it notable that Strategy is openly preparing for multiple market conditions while still aggressively expanding its holdings. The company appears focused on maintaining flexibility without changing its core belief that Bitcoin remains its best treasury asset.
