Strategy is estimated to have purchased roughly 2,110 BTC on May 13, using fresh capital raised through its STRC perpetual preferred stock program. If confirmed, the transaction would extend the company’s already aggressive bitcoin acquisition strategy and push its total holdings to nearly 821,000 BTC, reinforcing its position as the most prominent corporate holder of the asset.
STRC emerges as a major financing channel
The latest estimated purchase was reportedly funded through STRC, Strategy’s perpetual preferred stock instrument that carries an 11.5% annual yield. The vehicle has become an important part of the company’s capital-raising toolkit, allowing it to fund bitcoin purchases while avoiding the same degree of dilution that would come from relying more heavily on common equity issuance.
According to the disclosed figures, Strategy raised approximately $206 million in May 2026 by selling about 2.12 million STRC shares at a price close to the instrument’s $100 par value. That return to par was significant because it reopened the company’s ability to issue more shares under its at-the-market program. On May 11, STRC also recorded nearly $445 million in daily trading volume, underscoring strong market activity around the instrument.
Holdings could rise above 820,000 BTC
Before this estimated purchase, Strategy had already disclosed the acquisition of 535 BTC for approximately $43 million in the prior week, at an average price of around $80,340 per coin. That transaction brought the firm’s bitcoin holdings to 818,869 BTC. If the newly estimated 2,110 BTC purchase is later confirmed, total holdings would increase to approximately 820,979 BTC.
The report also indicates that Strategy’s aggregate bitcoin stack has been accumulated at an average cost of roughly $75,540 per BTC. At this scale, the company now controls around 4% of bitcoin’s fixed 21 million supply, a level of concentration that continues to attract attention across both crypto markets and public equity circles.
Debate around selling gives way to reaffirmed net-buying stance
The latest buying estimate arrives after recent public discussion surrounding comments made by Executive Chairman Michael Saylor. He had appeared to suggest that Strategy might sell bitcoin to help fund dividend obligations, a remark that seemed to conflict with his long-standing “never sell” messaging. Saylor later clarified that the comments were intended to confuse short-sellers rather than signal a strategic shift.
Company executives have since reiterated that Strategy plans to remain a net buyer of bitcoin. Their stated target is to purchase 10 to 20 BTC for every 1 BTC sold, signaling that even if some sales were ever used for corporate purposes, the broader treasury strategy would still be expansionary rather than defensive.
2026 buying pace remains intense
Strategy’s acquisition pace throughout 2026 has been notably aggressive. The company began the year by buying about $116 million worth of bitcoin in January. In April, it added 13,927 BTC for roughly $1 billion, then followed that with another 34,164 BTC purchase for approximately $2.54 billion later in the same month. Late last month, Strategy also reported a year-to-date BTC yield of 9.6%.
That sustained cadence of accumulation has strengthened the view that Strategy is not merely building a corporate treasury position, but actively institutionalizing a financing-and-acquisition model centered on bitcoin. Its use of structured instruments such as STRC is increasingly being watched by other publicly traded companies, some of which are already exploring similar approaches to capital formation tied to digital asset purchases.
A playbook public companies are studying
Beyond the raw size of the holdings, Strategy’s significance lies in the structure behind the purchases. Rather than relying on a single funding source, the company has demonstrated how preferred stock, market issuance programs, and capital markets access can be combined to steadily expand a bitcoin balance sheet. That approach has turned the firm into a case study for corporate crypto accumulation.
For market observers, the estimated 2,110 BTC buy is important not only because of its size, but because it suggests that investor appetite for Strategy-linked funding vehicles remains strong enough to support further acquisitions. As long as instruments like STRC can be issued on workable terms, the company appears positioned to continue translating capital market demand into additional bitcoin exposure.
In that sense, the latest estimated purchase represents more than another treasury update. It highlights the continued evolution of corporate bitcoin strategy, where access to structured financing may increasingly define which public companies can scale digital asset holdings meaningfully over time.