Key Takeaways
- Saylor’s Strategy acquired more Bitcoin as the company ramps up its bet on the asset’s long-term upside.
- The recent Bitcoin purchase was funded by selling MSTR and STRK shares.
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Bitcoin proxy Strategy continues to scale up its BTC exposure. The company said Monday it had acquired another 1,895 BTC between April 28 and May 4, boosting its holdings to 555,450 BTC, or 2.6% of the total Bitcoin supply.
According to a new SEC filing, the purchase was funded through the sales of Strategy’s Class A common stock (MSTR) and Series A preferred stock (STRK). Last week, the company sold 353,825 MSTR shares and 575,392 million STRK shares, generating net proceeds of approximately $180 million.
This latest purchase marks the fourth consecutive week Strategy has added more Bitcoin to its portfolio. Last Monday, the firm revealed it had bought $1.4 billion worth of BTC during the week ending April 27.
Bitcoin is currently trading at around $94,000, down 1.5% in the last 24 hours, according to CoinMarketCap. Prices may face more volatility as markets turn their attention to the upcoming FOMC meeting, where the Fed is expected to announce its latest interest rate decision.
While President Trump has repeatedly urged the Federal Reserve to reduce interest rates, the central bank has shown no signs of shifting course. No rate cut is expected at this week’s policy meeting.
While President Trump has repeatedly urged the Federal Reserve to reduce interest rates, the central bank has shown no signs of shifting course. No rate cut is expected at this week’s policy meeting.
Regardless of the recent pullback, Strategy’s BTC holdings still reflect about $14 billion in unrealized gains, data from its portfolio tracker shows. The company has also made it clear that it has no intention of backing off its aggressive accumulation strategy, despite a Q1 earnings miss.
Last week, the Michael Saylor-led firm reported a $4.2 billion net loss for the first quarter of 2025, primarily due to a $5.9 billion unrealized markdown under the new fair value accounting rules.
Nevertheless, the company announced plans to raise another $21 billion to continue expanding its Bitcoin acquisition strategy. It also aims to boost its BTC yield target to 25% and its BTC dollar gain target to $15 billion.
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