Michael Saylor’s firm doubles down on Bitcoin, now holding nearly $40 billion worth of BTC

Key Stats:

• BTC Acquired This Week: 13,390
• Cost: $1.34 billion
• Average Price: $99,856 per BTC
• Total BTC Held: 568,840
• Total Bitcoin Investment: ~$39.4 billion
• Average Purchase Price: $69,287 per BTC
• 2025 Bitcoin Yield: 15.5% YTD

In a move that further solidifies its position as the largest corporate holder of Bitcoin, Michael Saylor’s company, Strategy (formerly MicroStrategy), has announced the purchase of 13,390 BTC for a staggering $1.34 billion. The acquisition, which took place between May 5 and May 11, 2025, brings the company’s total Bitcoin holdings to 568,840 BTC.

This latest investment underscores Strategy’s continued bullish stance on Bitcoin, viewing it not just as a store of value but as a core asset in its financial strategy.

To finance the multi-billion-dollar Bitcoin buy, Strategy tapped into its at-the-market (ATM) stock offering programs. The firm sold over 3.2 million shares of its common stock during the first two weeks of May, raising $1.31 billion. In addition, the company sold 273,987 shares of its 8.00% Series A Preferred Stock, bringing in another $25.1 million.

These stock offerings are part of a broader fundraising initiative that gives Strategy flexibility to raise funds quickly without going through traditional underwriting processes. According to filings, the company’s total ATM program is authorized to raise up to $21 billion.

With this latest acquisition, Strategy has now spent approximately $39.4 billion on Bitcoin purchases, averaging $69,287 per BTC. This means that the company is well in the green, with Bitcoin trading above $97,000 as of mid-May 2025.

The company’s strategy has paid off handsomely. From a market timing perspective, accumulating most of its BTC at significantly lower prices has resulted in massive unrealized gains. Many analysts view this as a calculated, high-conviction bet on the future of decentralized digital money.

According to Michael Saylor, Strategy has already met one of its key financial performance goals for the year: achieving a 15.5% year-to-date Bitcoin yield. This metric, specific to Strategy, measures the percentage change in BTC holdings compared to the company’s diluted share count. It’s essentially a way for Saylor to show that the company is adding Bitcoin faster than it is diluting shareholder value.

Notably, the firm recently raised its 2025 target for this metric to 25%, indicating that more Bitcoin buys could be on the horizon.

Despite the bullish news on Bitcoin, Strategy’s stock saw a modest pullback following the announcement. Shares fell by about 2.3%, closing at $406.30 on May 13. This decline occurred even as the broader market was buoyed by reports of reduced U.S. tariffs on Chinese imports.

As of May 15, Strategy stock (NASDAQ: MSTR) was trading slightly higher at $416.75, still reflecting some investor caution. While the long-term performance of the stock has mirrored Bitcoin’s rise, short-term movements often react to broader macroeconomic factors and perceived risk exposure.

Financial analysts continue to debate the wisdom of Strategy’s Bitcoin-first approach. Supporters call it a visionary hedge against inflation and a strategic allocation in an increasingly digital financial system. Skeptics, however, warn that tying the company’s fate so closely to the price of one volatile asset is inherently risky.

Still, there’s no denying that Michael Saylor has become one of the most influential voices in crypto. His early and sustained conviction in Bitcoin has inspired other institutions to enter the space, even if few have followed with the same level of intensity.

Strategy’s ongoing Bitcoin accumulation is more than just a headline-grabbing investment—it’s a clear indication of a fundamental shift in how some corporations view monetary reserves. With more than half a million BTC under management, the company now controls over 2.7% of Bitcoin’s total supply.

In a world where central banks continue to print fiat currencies, Saylor’s thesis is simple: Bitcoin is digital gold, and he’s determined to own as much of it as possible.

Given Strategy’s aggressive targets and ample fundraising tools, additional purchases in the coming months would not be surprising. For now, the firm remains the undisputed king of corporate Bitcoin holdings—and it’s showing no signs of slowing down.