Strategy has added another 1,550 bitcoin to its corporate treasury, bringing its total holdings to 845,256 BTC. At current prices, that stash is worth about $53.8 billion. The purchase comes just weeks after the company sparked controversy by selling a portion of its bitcoin for the first time.
The latest acquisition
Strategy disclosed the purchase this week, signaling it remains committed to its bitcoin-heavy balance sheet despite the recent backlash. The company has been steadily accumulating bitcoin since 2020, but this is its first major buy since the controversy erupted.
Controversy over the first sale
Earlier this spring, Strategy sold a portion of its bitcoin holdings for the first time in its history. The move surprised many, as the company had long held its bitcoin without selling. Critics questioned whether the sale signaled a shift in strategy or simply a tactical move to raise cash. Strategy did not disclose the size of the sale or the reason at the time.
Still the biggest corporate holder
With 845,256 BTC, Strategy dwarfs every other publicly known corporate bitcoin holder. The $53.8 billion valuation far exceeds the market cap of many publicly traded companies. The purchase adds to a war chest that has grown through a combination of direct buys, convertible note offerings, and stock issuance.
The timing of the latest buy is notable: it comes as bitcoin has been trading in a relatively tight range this quarter. Strategy's CEO has previously described the company's bitcoin holdings as a “long-term store of value,” and this week’s purchase suggests that view hasn’t changed.
Next up: Strategy’s quarterly earnings report, due in August, will likely offer more clarity on the size and rationale of the earlier sale — and whether more buys or sales are on the horizon.
