Strategy, the company closely associated with Michael Saylor’s aggressive bitcoin treasury model, is estimated to have purchased about 2,110 BTC on May 13, using fresh capital raised through its STRC perpetual preferred stock program. If confirmed, the acquisition would further cement the company’s status as the largest corporate holder of bitcoin and push its total stash to roughly 820,979 BTC.
STRC continues to serve as a bitcoin funding engine
The reported purchase was funded through STRC, Strategy’s perpetual preferred stock instrument that carries an 11.5% annual yield. The structure has become an important part of the company’s capital-raising toolkit, allowing it to secure funds for bitcoin purchases while avoiding the same level of dilution that could come from issuing common shares more aggressively.
According to the source material, Strategy disclosed on May 11 that it had raised $206 million through the STRC program by selling about 2.12 million shares at close to the stock’s $100 par value. That price level mattered because the return of STRC to par reopened the window for fresh at-the-market issuance. The stock also posted nearly $445 million in daily trading volume that day, underscoring the market’s active interest in the instrument.
Total bitcoin holdings could rise above 820,000 BTC
Before this latest estimated purchase, Strategy had already added 535 BTC in the prior week for about $43 million, at an average price of approximately $80,340 per coin. That earlier buy brought the company’s holdings to 818,869 BTC. If the newly estimated acquisition of 2,110 BTC is later confirmed, total holdings would increase to around 820,979 BTC.
The article notes that Strategy’s aggregate bitcoin position has been accumulated at an average cost of about $75,540 per BTC. At that scale, the company would control roughly 4% of bitcoin’s fixed 21 million-coin supply, a figure that continues to draw attention from investors, critics, and other public companies evaluating bitcoin treasury strategies.
Saylor’s remarks sparked debate, but management reaffirmed a net-buying stance
The estimated purchase comes after a brief wave of public controversy surrounding Saylor’s comments on the possibility of selling bitcoin to fund dividends. Those remarks were viewed by some market participants as a departure from his long-running “never sell” philosophy. Saylor later clarified that the comments were intended to confuse short-sellers rather than signal a strategic shift.
Following that episode, company executives reiterated that Strategy still expects to remain a net buyer of bitcoin. The stated framework, according to the source, is to target the purchase of 10 to 20 BTC for every 1 BTC sold. While that wording leaves room for tactical portfolio management, the broader message from management has been that accumulation remains the core objective.
2026 buying pace remains exceptionally aggressive
Strategy’s 2026 acquisition pace has been notably intense. The company began the year by purchasing $116 million worth of BTC in January. In April, it added 13,927 BTC for $1 billion, then followed that with an even larger purchase of 34,164 BTC for $2.54 billion later in the same month. Late last month, Strategy also disclosed a year-to-date BTC yield of 9.6%.
These figures highlight the scale and frequency of the company’s bitcoin accumulation strategy. Rather than relying solely on retained cash flow or conventional equity issuance, Strategy has increasingly leaned on structured financial products such as STRC to keep funding its treasury expansion. That financing model is becoming a closely watched template across the public markets.
A corporate playbook others are beginning to study
Beyond the immediate transaction, the bigger story is how Strategy is shaping the conversation around corporate crypto balance sheets. Its approach combines public-market financing, treasury conviction, and repeated opportunistic purchases of bitcoin. As its holdings approach 821,000 BTC, Strategy is not only scaling its own position but also influencing how other listed companies think about capital structure and digital asset reserves.
The article suggests that Strategy’s use of structured instruments like STRC is already being studied — and in some cases imitated — by other public companies. Whether that model proves durable over a full market cycle remains a subject of debate, especially given the yield obligations tied to preferred stock and the volatility of bitcoin itself. Still, Strategy’s pace of execution shows that investor appetite for bitcoin-linked treasury exposure remains meaningful when paired with creative funding mechanisms.
For now, the estimated 2,110 BTC purchase reinforces a familiar pattern: when market access opens and funding conditions permit, Strategy continues to convert capital into bitcoin at scale. If the estimate is confirmed, the company will move one step closer to holding more than 820,000 BTC, extending one of the most aggressive corporate accumulation campaigns in crypto markets.