Strategy, the company closely associated with Michael Saylor’s long-running bitcoin accumulation strategy, is estimated to have purchased about 2,110 BTC on May 13, with the acquisition funded by fresh proceeds from its STRC perpetual preferred stock program. If the estimate is later confirmed, the company’s bitcoin holdings would rise from the previously disclosed 818,869 BTC to approximately 820,979 BTC, extending its lead as the most aggressive publicly traded corporate holder of the asset.
STRC emerges as the latest funding engine
The reported purchase was tied to STRC, Strategy’s perpetual preferred stock carrying an 11.5% annual yield. The instrument has become an important part of the company’s capital-raising toolkit, allowing it to fund bitcoin acquisitions without relying solely on common equity issuance at the same level of shareholder dilution. According to the source material, STRC recently returned to its $100 par value, a key threshold that reopened issuance capacity under the company’s at-the-market program.
On May 11, Strategy disclosed that it had raised approximately $206 million through the STRC program by selling 2.12 million shares. Trading activity in the preferred stock was also notable, with nearly $445 million in daily volume recorded that day. Those proceeds are now believed to have supported the company’s latest bitcoin accumulation.
Total bitcoin position approaches 821,000 BTC
The estimate comes shortly after the company’s previously reported purchase of 535 BTC for $43 million at an average price of $80,340 per coin. That transaction brought total holdings to 818,869 BTC. If the newly estimated acquisition of 2,110 BTC is validated, Strategy’s total would climb to about 820,979 BTC.
The source also notes that Strategy’s aggregate bitcoin position has been accumulated at an average cost of roughly $75,540 per BTC. That cost basis has become a closely watched metric for investors trying to assess the company’s exposure to bitcoin price cycles, capital markets activity, and the sustainability of its acquisition strategy.
A relentless buying pace in 2026
Strategy’s pace of accumulation has remained intense throughout 2026. The company began the year by purchasing $116 million worth of bitcoin in January. In April, it added 13,927 BTC for $1 billion, followed later in the same month by another 34,164 BTC for $2.54 billion. Late last month, the company also disclosed a year-to-date BTC yield of 9.6%, underscoring how management continues to frame its treasury strategy not simply in terms of holdings, but also capital efficiency and bitcoin-denominated performance.
At the scale now being discussed, Strategy controls roughly 4% of bitcoin’s fixed 21 million coin supply. That figure alone has become central to the market narrative surrounding the company. Its use of structured financial instruments such as STRC to fund additional purchases is increasingly being viewed as a repeatable corporate playbook, one that other public companies are reportedly studying and, in some cases, beginning to emulate.
Saylor’s comments stirred debate, but Strategy reaffirmed a net-buying stance
The estimated purchase also arrives amid public scrutiny over recent remarks from Michael Saylor. He was briefly interpreted by some market participants as signaling that Strategy might sell bitcoin to help fund dividend obligations, a suggestion that appeared to clash with his long-standing “never sell” messaging. Saylor later clarified that the comments were intended to confuse short-sellers rather than indicate a shift in the firm’s core policy.
Following that episode, company executives reiterated that Strategy intends to remain a net buyer of bitcoin. According to the source material, management has targeted buying 10 to 20 BTC for every coin sold, reinforcing the message that any sale activity, if it occurs, would not represent a broader retreat from the company’s accumulation thesis.
Why the market is watching Strategy’s funding model
Beyond the headline purchase estimate, the larger significance lies in how Strategy continues to finance these acquisitions. Rather than depending on a single funding source, the company has increasingly leaned on layered capital-market structures. STRC, in this case, stands out because it provides a way to raise substantial funds while preserving flexibility and limiting the extent of common-share dilution compared with more traditional equity issuance.
That model matters because Strategy is no longer just a large corporate bitcoin holder; it has become a case study in financial engineering around a digital asset treasury strategy. Investors, issuers, and treasury managers are watching whether this approach can be sustained over time, especially as the company scales toward ever larger percentages of bitcoin’s circulating and eventual supply.
For now, the estimated addition of 2,110 BTC suggests that Strategy remains firmly committed to its core playbook: use market access, structured capital products, and strong investor demand to keep increasing bitcoin exposure. If confirmed, the latest purchase would not only push holdings close to 821,000 BTC, but also reinforce the company’s role as the most prominent corporate accumulator in the bitcoin market.