Michael Saylor’s Bitcoin-centric firm, Strategy (formerly MicroStrategy), has added another 1,895 BTC to its holdings, spending approximately $180 million between April 28 and May 4, according to a new SEC filing. The average purchase price was $95,167 per coin.
The acquisition was funded through equity sales, with the company selling 353,825 shares of its common stock (MSTR) and 575,392 shares of preferred stock (STRK), raising a total of $180.3 million.
The latest purchase marks another step in Strategy’s ambitious “21/21 Plan,” originally launched to raise $42 billion for Bitcoin acquisitions. As of May 4, the common stock program (MSTR) has been fully deployed and officially closed. However, the preferred stock offering (STRK), introduced in March 2025, still has approximately $20.9 billion in capacity remaining.
Strategy’s total BTC holdings now exceed 555,000—far outpacing any other public company.
New $42B Bitcoin Plan Launched Despite Quarterly Loss
Having completed its initial $21 billion equity program, Strategy has unveiled a new initiative: the “42/42 Plan.” This latest effort targets a $42 billion raise—split evenly between equity and debt—designed to fund continued BTC purchases through 2027.
To enhance capital flexibility, Strategy is also utilizing perpetual preferred instruments (STRK and STRF), which provide alternative funding beyond the two primary stock programs. These instruments allow the company to maintain liquidity while continuing its aggressive Bitcoin accumulation.
BTC Holdings Surpass $52B Despite $4.2B Net Loss
With the new 1,895 BTC addition, Strategy’s total stash now sits at 555,450 BTC, acquired at an aggregate cost of $38.08 billion. At current market prices, the holdings are valued at roughly $52.2 billion, yielding $14.2 billion in unrealized gains.
However, Q1 earnings painted a different picture. The company posted a $4.2 billion net loss, primarily due to $6 billion in accounting charges under new fair value rules tied to Bitcoin. Revenue also fell below analyst expectations, reflecting a rare dip in the company’s financial performance.
Despite the short-term setback, Strategy remains the largest corporate holder of Bitcoin and a bellwether for institutional BTC adoption. Its treasury strategy continues to attract attention from both traditional investors and crypto-native players.
While Strategy leads in corporate BTC holdings, other institutions are making moves. Cantor Fitzgerald, SoftBank, Tether, and Bitfinex are backing the $3.6 billion “Twenty One Capital” initiative. Meanwhile, Metaplanet and Semler Scientific are steadily growing their own Bitcoin treasuries.
With Bitcoin up 30% since its April low, the pace of corporate accumulation may accelerate, signaling a new wave of institutional interest.
Quick Facts
- Strategy bought 1,895 BTC for $180 million, raising total to 555,450 BTC.
- The acquisition was funded through recent MSTR and STRK stock sales.
- BTC holdings now worth over $52.2 billion, with $14.2 billion in gains.
- Strategy’s new 42/42 Plan aims to raise $42B for more BTC purchases.
