Business intelligence firm Strategy added another 24,869 bitcoin to its corporate treasury this week, spending $2.01 billion at an average price of roughly $80,985 per coin. The purchase, disclosed May 24, pushes Strategy's total bitcoin stash to 843,738 BTC — the largest corporate hoard of the cryptocurrency by a wide margin.
The numbers behind the buy
The latest acquisition comes roughly a month after Strategy bought 535 BTC for $43 million. That earlier deal now looks like a pause before a bigger move. At an average cost of $75,700 per bitcoin across all purchases, Strategy has spent about $63.87 billion building its position. The current market value sits around $65.2 billion.
Strategy also disclosed a year-to-date BTC Yield of 12.6% — a metric the company uses to measure the growth of its bitcoin holdings relative to its diluted share count. The figure is down from earlier in the year but still well above zero.
Q1 loss and the note repurchase plan
The buying spree comes against a mixed backdrop. Strategy reported a Q1 2026 loss of $12.5 billion, driven by falling cryptocurrency prices during the quarter. That's a big number on paper, though the firm has long said short-term mark-to-market swings don't change its long-term strategy.
At the same time, the company said it plans to repurchase approximately $1.5 billion in aggregate principal amount of its notes. That could help manage debt costs, but it also signals that management is balancing new bitcoin buys with financial housekeeping.
What comes next
Strategy has left the door open to potential bitcoin sales — a shift from the 'hodl forever' posture it held for years. The company didn't say when or under what conditions it might sell, but the language in its disclosure is enough to keep the market guessing. For now, the firm keeps stacking sats, but the next quarterly filing could show whether that door cracks open.
