- Strategy now owns 555,450 BTC, over $52B in value—around 2.6% of all Bitcoin in circulation.
- The company has spent $38.08 billion on Bitcoin, with current holdings valued near $52.2 billion.
- Strategy launches $42B capital plan while closing its $21B program after latest BTC purchase.
Strategy, the company previously operating under the name MicroStrategy, announced on Monday that it had acquired an additional 1,895 Bitcoin between April 28 and May 4. The total expenditure in the acquisition was about $180.3 million with each Bitcoin being purchased at the average price of $95,167. The U.S. Securities and Exchange Commission filing reported this transaction as official.
To fund the Bitcoin acquisition, Strategy turned to equity financing. In the same week, the company had sold 353,825 shares of its MSTR common stock, as well as 575,392 shares of its STRK preferred stock. These stock offerings, selling at $1.50 a unit, generated proceeds that allowed the company to use them to fully pay for the acquisition with no use of internal cash or additional debt.
MSTR Stock Program Closed, STRK Still Active
The sale of MSTR stock came from the company’s now-completed “21/21 Plan,” launched in late 2024. The equity sales of that program amassed $21 billion to fund Bitcoin accumulation. The offering was formally closed as of May 4, and as a result, all capacity under the MSTR portion was used.
The STRK preferred stock program, introduced in March 2025, is still ongoing. According to company filings, it has a total limit of $21 billion, with about $20.87 billion still unused. This offering runs independently and is not linked to the 21/21 Plan used for MSTR stock sales.
Additionally, Strategy has now introduced a new funding plan called the “42/42 Plan,” which seeks to raise $42 billion through a mix of equity and debt. The funds will be used to buy Bitcoin in future. The half—the $21 billion—will be drawn from equity instruments, the other from debt instruments.
Strategy has introduced a distinct preferred stock category called STRF, operating independently from its existing capital plans. STRF offerings are raising capital, which is used to recoup additional Bitcoin. In addition, the firm has roughly $14bn of unused debt capacity from the original 21/21 initiative.
Holdings Now Cover Over 2.6% of Bitcoin Supply
Following its most recent acquisition, Strategy now owns a total of 555,450 Bitcoin. The company’s cumulative investment in Bitcoin has reached $38.08 billion. Based on the current trading price of Bitcoin—slightly above $94,000—those holdings are now valued at around $52.2 billion.
This gives Strategy control over more than 2.6% of Bitcoin’s estimated total circulating supply, reinforcing its position as the largest corporate holder of the asset. The company’s unrealized gain from its Bitcoin holdings is over about $14.2 billion, according to the SaylorTracker. Despite recent price dips, Strategy has consistently continued its accumulation strategy throughout the year.
Last week, Strategy shared its financial results for the first quarter, revealing a net loss of $4.2 billion. About $6 billion in unrealized markdowns on Bitcoin accounts for roughly 97 percent of its loss. The figures represent the new fair value accounting standard applied to digital assets that came into effect this year.
Shares of Strategy dropped 3% in pre-market trading following the earnings announcement. Shares had already gained more than 3%, earlier in the week, on volatility linked to the market response and bitcoin price movements.
Other Institutions Join the Bitcoin Market
While Strategy continues to hold the largest amount of Bitcoin among public companies, others are beginning to take similar steps. A new $3.6 billion Bitcoin initiative called Twenty-One Capital has been launched by Cantor Fitzgerald, SoftBank, Bitfinex, and Tether, signaling growing institutional interest.
Additional companies—including Metaplanet, Semler Scientific, and KULR—have also incorporated Bitcoin into their corporate finance strategies in recent months. Despite this broader participation, Strategy’s position in the Bitcoin space remains far ahead. Commenting on the company’s approach, Matthew Siegel, Head of Digital Assets Research at VanEck, said:
“If the stock maintains a premium, the company can keep raising equity to acquire Bitcoin and generate a return from it.”
