Virginia-based business intelligence firm MicroStrategy (formerly Strategy), led by Michael Saylor, has acquired 535 bitcoin for approximately $43 million, paying roughly $80,340 per coin and bringing its total treasury to 818,869 BTC.
Key Takeaways
- MicroStrategy purchased 535 BTC for $43 million at $80,340 per coin as of May 10, 2026.
- The firm now holds 818,869 BTC with a total cost basis of $61.86 billion via MSTR and STRC equity vehicles.
- Strategy's 9.4% BTC Yield YTD in 2026 signals continued per-share accumulation into Q3.
Saylor Signals 'Back to Work,' Announces Latest Purchase
On May 10, Michael Saylor posted “Back to work” on X, signaling another purchase was underway. The formal disclosure followed the next day, confirming the buy and updating the company's year-to-date BTC yield to 9.4%. The 535-coin acquisition is smaller compared to several recent purchases, but the steady cadence remains. Saylor has consistently utilized available capital at each interval, varying the size of buys across the accumulation campaign.
MicroStrategy's total bitcoin cost basis now stands at approximately $61.86 billion, with an average purchase price of $75,540 per coin. The latest purchase price of $80,340 sits above the average, reflecting the weighted effect of earlier lower-cost acquisitions. At current market prices, the firm remains in a profitable position on its overall holdings.
Equity Vehicles Provide Direct BTC Exposure
MicroStrategy holds bitcoin through multiple equity instruments, including ticker symbols MSTR and STRC traded on Nasdaq. This allows shareholders to gain direct exposure to bitcoin price movements through regular brokerage accounts without managing crypto directly. The structure has attracted significant institutional and retail interest, underpinning the company's stock valuation.
BTC Yield as a Key Shareholder Metric
The BTC Yield metric tracks bitcoin growth per diluted share. As of mid-2026, it stands at 9.4% year-to-date. MicroStrategy uses this alongside traditional earnings measures to assess shareholder value accumulation. Saylor has given no indication of slowing down; each purchase follows a pattern: a brief social media teaser, then a formal disclosure on X detailing the amount, price, and updated total.
From 2020 to a Record Corporate Treasury
MicroStrategy began buying bitcoin in August 2020 and has since executed over 100 separate acquisitions, building the largest known corporate bitcoin treasury globally. No other publicly traded company holds a comparable amount. Its 818,869 BTC represents nearly 3.9% of the 21 million coins that will ever exist. The firm funds purchases through equity offerings and convertible note issuances, leveraging capital markets rather than operating cash flow alone.
Institutional investors and corporate treasury observers continue to watch whether other firms will adopt a similar model. With each successive buy, MicroStrategy’s position in the crypto ecosystem grows, making its bitcoin strategy one of the most followed case studies in the industry.