Strategy Expands Bitcoin Holdings to Over $52 Billion, Fueling Corporate BTC Race
Strategy, the bitcoin-focused firm formerly known as MicroStrategy, has boosted its massive bitcoin treasury once again. According to a fresh SEC 8-K filing dated Monday, the company added another 15,355 BTC between April 21 and April 27, investing approximately $1.42 billion at an average purchase price of $92,737 per bitcoin.
With this latest acquisition, Strategy now commands a total of 553,555 BTC — representing more than 2.6% of bitcoin’s fixed 21 million supply. The stash, valued at over $52 billion as of today’s prices, was accumulated at an average cost basis of $68,459 per coin, totaling about $37.9 billion including associated expenses. Michael Saylor, Strategy’s co-founder and executive chairman, highlighted that the company now sits on roughly $14 billion in unrealized profits.
To fund its latest buying spree, Strategy tapped into proceeds from recent sales of its class A common stock (MSTR) and newly issued perpetual preferred stock (STRK). Last week, the firm sold 4,020,000 MSTR shares for about $1.4 billion, leaving just $128.7 million in stock available under its current offering plan. It also raised an additional $37.5 million through the sale of 435,069 STRK shares, with more than $20.92 billion still available for future STRK issuances.
These moves align with Strategy’s broader "21/21 Plan," a long-term blueprint to raise up to $42 billion through stock and debt instruments solely for bitcoin acquisitions. Saylor had hinted at the recent purchase beforehand, updating followers on Strategy’s bitcoin tracker and reminding them to "Stay humble. Stack sats." Just a week earlier, the firm snapped up 6,556 BTC for around $555 million, reflecting a clear pattern of aggressive accumulation.
Rising Competition in Corporate Bitcoin Accumulation
Strategy’s dominance is increasingly being challenged as more corporate players step into bitcoin acquisition strategies. Last week, Cantor Fitzgerald, SoftBank, Bitfinex, and Tether jointly unveiled a $3.6 billion bitcoin investment initiative. Meanwhile, new entrants like Semler Scientific, KULR, and Metaplanet are also aligning their models to the Saylor-led bitcoin standard.
One standout newcomer is Twenty One Capital, a bitcoin-native public company helmed by Strike CEO Jack Mallers. Launching with over 42,000 BTC, Twenty One aims to offer a “pure play” bitcoin investment vehicle, distinguishing itself from Strategy’s more diversified structure.
Twenty One’s vision extends beyond treasury accumulation, with plans to develop bitcoin-native financial products, a lending platform, and advisory services targeting both institutions and everyday investors.
Strategy Shares Surge Amid Broader Market Rebound
Strategy’s stock (MSTR) climbed 5.2% on Friday to close at $368.71, bolstered by a broader rally in crypto and traditional markets that saw bitcoin itself rise more than 8% for the week. Early Monday pre-market data showed MSTR ticking up another 0.7%, putting its year-to-date gains at 22.9% and its market capitalization at $98.1 billion.
Michael Saylor recently discussed the broader shift toward a "Bitcoin Standard" during a webinar hosted alongside Bitwise’s Jeff Park and The Block’s Larry Cermak, underscoring Strategy’s continued belief that bitcoin adoption by corporations is only just beginning.