Latest Purchase: $180M at $95,167 Average Price
According to an SEC filing on Monday, Strategy — the corporate Bitcoin treasury company previously known as MicroStrategy — purchased approximately $180 million worth of Bitcoin between April 28 and May 4 at an average price of $95,167 per coin. The acquisition was funded through a combination of common stock ATM sales totaling $128.5 million and $51.8 million from sales of STRK preferred shares. Notably, this transaction fully exhausted the company's previous $21 billion ATM offering launched last year.
Capital Expansion: Doubling Fundraising Capacity for Continued Accumulation
Last week, Strategy announced plans to significantly expand its fundraising capacity by introducing a new $21 billion ATM offering and expanding its debt purchase program to $42 billion. This expansion signals the company's intent to continue its aggressive Bitcoin accumulation strategy. Strategy remains the largest corporate holder of Bitcoin, with its holdings of 555,450 BTC representing approximately 2.64% of Bitcoin's maximum supply. At current prices around $94,000, the company's Bitcoin stack is valued at over $52 billion, compared to an aggregate purchase cost of $38.08 billion.
Market Context: Strong Institutional Demand Amid Short-Term Pullback
The latest purchase comes amid robust institutional demand for Bitcoin through regulated vehicles. BlackRock's iShares Bitcoin Trust (IBIT) recorded massive inflows over the past two weeks. However, Strategy shares were down 2.7% in Monday's pre-market trading after gaining over 3% last Thursday. Bitcoin currently trades at $94,497, down 1.14% over the past 24 hours. Despite short-term price volatility, Strategy's continued buying reinforces its position as one of the most prominent corporate bulls in the Bitcoin ecosystem.