Strategy added 14,155 bitcoins on May 14 at an estimated cost of $1.16 billion, the latest in a relentless buying run. The purchase pushed its total holding to 818,869 BTC, valued at $66.5 billion with an average cost of $75,540 per coin. The firm funded this through selling $1.16 billion of its own preferred stock.
The April Buying Wave
Since early April, Strategy has acquired over 56,770 BTC. Its biggest single purchase since 2024 came April 20 with 34,164 coins. The firm paused just before its May 5 earnings call but jumped back in days later. By May 14, it had added another 10,339 BTC for $847 million.
Stock Sales Fueling the Spree
Strategy now relies heavily on selling preferred shares to fund Bitcoin purchases. The May 14 acquisition cost exactly what it raised from stock sales. This pattern isn’t new – the firm has used equity sales to finance its entire Bitcoin strategy. It’s a risky play if the stock falters, but so far it’s working.
Saylor’s Long Game
Michael Saylor has repeatedly predicted Bitcoin will surge 30% annually for the next 20 years. He claims $1 million per BTC is possible within four to eight years. At that growth rate, Strategy’s holdings could hit $16.43 trillion by 2046. The math is wild but the buying keeps coming.
The weekly bitcoin purchases continue. Another acquisition is expected before month’s end, weather permitting.
