According to estimates from blockchain data trackers, Michael Saylor's Strategy (formerly MicroStrategy) has likely added another 2,110 bitcoins to its balance sheet on May 13, with the purchase financed by proceeds from its newly issued STRC perpetual preferred stock.
STRC Funding Details: $206 Million Raised
Strategy disclosed on May 11 that it had raised $206 million through its STRC preferred stock offering, issuing 2.12 million shares at approximately the face value of $100 per share. The perpetual preferred stock carries an annual dividend yield of 11.5% and is designed specifically to fund bitcoin acquisitions without diluting common shareholders at the same rate. On the day of issuance, STRC shares saw a trading volume of nearly $445 million, indicating strong market interest.
The STRC stock recently returned to its $100 par value, a critical threshold that allows the company to issue additional shares under its at-the-market (ATM) program. This structured financial tool has become a cornerstone of Strategy's capital-raising strategy for bitcoin purchases.
Holdings Approach 821,000 BTC at Average Cost of $75,540
If the estimated purchase of 2,110 BTC is confirmed, Strategy's total holdings will increase from 818,869 BTC to approximately 820,979 BTC, representing nearly 4% of bitcoin's total supply of 21 million coins. The company's average acquisition cost stands at roughly $75,540 per bitcoin. In the preceding week, Strategy had already purchased 535 BTC at an average price of $80,340 per coin, spending $43 million.
Accelerating Bitcoin Acquisition in 2026
Strategy's bitcoin buying pace in 2026 has been relentless. The company started the year with a $116 million purchase in January. In April alone, it acquired 13,927 bitcoins for $1 billion, followed by another 34,164 BTC for $2.54 billion later that month. As of late April, the company reported a year-to-date Bitcoin Yield of 9.6%.
Saylor Clarifies Stance After Dividend Signal Causes Confusion
Recently, Saylor appeared to signal that Strategy might sell some bitcoins to pay dividends, deviating from his long-held 'never sell' position. The comment sparked widespread debate, but Saylor later clarified that his statement was intended to confuse short sellers. Management has since reaffirmed that Strategy remains a net buyer, aiming to purchase 10 to 20 bitcoins for every 1 it may sell.
Strategy's use of structured financial instruments like STRC to fund bitcoin acquisitions has become a playbook increasingly studied — and in some cases, mimicked — by other publicly traded companies. As the largest corporate bitcoin holder, Strategy's moves continue to influence the broader cryptocurrency market.