Strategy (formerly MicroStrategy) has added another 13,390 bitcoin to its treasury, spending approximately $1.34 billion at an average price of $99,856 per coin, according to Executive Chairman Michael Saylor. The latest acquisition brings the firm's total bitcoin holdings to 568,840 BTC, acquired for roughly $39.41 billion at an average price of $69,287 per BTC as of May 11, 2025.
Latest Purchase Details
This marks another significant step in Strategy's long-term plan to position itself as a de facto bitcoin development company. The purchase comes as bitcoin trades near the $104,000 range, maintaining strength amid geopolitical uncertainty and rising institutional demand. Saylor also highlighted the company's bitcoin yield of 15.5% year-to-date, pointing to ongoing returns generated through its bitcoin strategy that leverages equity and debt to finance acquisitions.
Holdings and Market Performance
With 568,840 BTC, Strategy now controls approximately 2.7% of bitcoin's total circulating supply. The firm's aggressive accumulation has made it a bellwether for corporate bitcoin adoption, drawing attention from both Wall Street and the crypto sector. The average cost discrepancy—$69,287 overall versus $99,856 for the latest purchase—shows that Strategy has benefited from early entry while continuing to accumulate at higher prices. The company's bitcoin yield metric, calculated based on the ratio of bitcoin holdings to diluted shares outstanding, indicates that its financial engineering is effectively amplifying returns for shareholders.
Strategy and Implications
By issuing convertible notes and selling equity to raise capital for bitcoin purchases, Strategy has created a model that many other public companies now study. The 15.5% bitcoin yield YTD suggests that even with higher entry prices, the company's overall portfolio remains deeply profitable. However, this leveraged approach also exposes the firm to heightened downside risk if bitcoin prices fall sharply. Michael Saylor has consistently reiterated his conviction that bitcoin is “digital gold” and that the company will continue buying regardless of short-term volatility. This latest purchase reaffirms that commitment.
Institutional Benchmark
Strategy's holdings now exceed those of any single bitcoin ETF, including products from BlackRock and Fidelity. As the largest corporate holder of bitcoin, Strategy serves as a proxy for institutional adoption. The market will closely watch whether the firm executes further debt offerings to fund additional acquisitions, and whether bitcoin can sustain its upward momentum above $100,000. With the company's stock price increasingly correlated with bitcoin's performance, every major purchase sends a strong signal to both traditional investors and the crypto community.