Michael Saylor’s Strategy (formerly MicroStrategy) has once again made headlines in the crypto world. On May 13, 2026, the company is estimated to have purchased approximately 2,110 Bitcoin using proceeds from its newly issued STRC perpetual preferred stock. If confirmed, this acquisition would push Strategy’s total Bitcoin holdings to approximately 820,979 BTC, representing nearly 4% of the 21 million supply cap.
Key Highlights
- Strategy is estimated to have bought 2,110 BTC on May 13, funded by STRC proceeds.
- The company raised $206 million through STRC in May 2026, issuing 2.12 million shares at near $100 par value.
- Total Bitcoin holdings are approaching 821,000 BTC, with an average acquisition cost of approximately $75,540 per coin.
STRC: A Non-Dilutive Funding Vehicle
The latest Bitcoin purchase is reportedly funded by the proceeds from STRC, a perpetual preferred stock carrying an annual dividend yield of 11.5%. Unlike common equity, STRC allows Strategy to raise capital for Bitcoin acquisitions without proportionally diluting existing common shareholders. On May 11, 2026, Strategy disclosed it had raised $206 million from the STRC program by selling 2.12 million shares, with the stock trading near its $100 par value. On that day alone, STRC saw daily trading volume of approximately $445 million.
The purchase follows a prior acquisition of 535 BTC for $43 million at an average price of $80,340 per coin earlier in the week (as of May 11), which brought holdings to 818,869 BTC. Over the span of a few days, Strategy has added roughly 2,645 BTC.
Saylor’s Shifting Stance and Clarification
The buying spree comes amid a public controversy surrounding Saylor. The executive recently appeared to signal that Strategy might sell Bitcoin to fund dividend payments, a departure from his long-held “never sell” stance. He later clarified that the remarks were intended to confuse short sellers. Since then, management has reaffirmed that Strategy will remain a net buyer, aiming to purchase 10 to 20 BTC for every 1 BTC sold.
Relentless Accumulation in 2026
Strategy has maintained an aggressive purchasing pace throughout 2026:
- January: Bought $116 million worth of BTC.
- April: Acquired 13,927 BTC for $1 billion.
- Late April: Added 34,164 BTC for $2.54 billion.
- Year-to-date April-end: Reported a BTC yield of 9.6%.
As of now, Strategy controls roughly 4% of Bitcoin’s fixed supply. Its combination of speed, scale, and structured financial instruments like STRC has become a playbook that other publicly traded companies are studying — and in some cases, beginning to replicate. The firm’s actions continue to shape institutional Bitcoin adoption and market dynamics.