crypto.news 2025-05-12 13:45:03

Strategy buys $1.34b more Bitcoin, total holdings near $60b

Strategy, the company formerly known as MicroStrategy, has purchased an additional 13,390 Bitcoin for roughly $1.34 billion, according to a May 12 SEC filing. The purchase brings the firm’s total holdings to 568,840 Bitcoin ( BTC ), worth over $59 billion at current prices . Executive Chairman Michael Saylor announced the acquisition on X, stating the coins were acquired at an average price of $99,856 per BTC. The company now holds its Bitcoin at an average cost basis of $69,287, with a year-to-date yield of 15.5% in 2025. Strategy has acquired 13,390 BTC for ~$1.34 billion at ~$99,856 per bitcoin and has achieved BTC Yield of 15.5% YTD 2025. As of 5/11/2025, we hodl 568,840 $BTC acquired for ~$39.41 billion at ~$69,287 per bitcoin. $MSTR $STRK $STRF https://t.co/oSXRMwiTkU — Michael Saylor (@saylor) May 12, 2025 The purchase was financed through the sale of 3.22 million shares of common stock and 273,987 shares of its Series STRK preferred stock, raising $1.34 billion between May 5 and May 11. The firm still has over $40 billion worth of stock authorized for future issuance across both classes, according to filings. Shares of Strategy are up 1.65% in premarket trading. You might also like: Bank of Korea urges authority over won-based stablecoin issuance: report Strategy’s aggressive BTC buying Strategy has aggressively acquired Bitcoin since 2020 and remains the largest public holder of the asset. The company’s MSTR shares rose 2% in pre-market trading on the news. With Bitcoin currently trading near $104,000, Strategy’s Bitcoin treasury represents a major bet on the cryptocurrency’s long-term value. The firm has continued to finance purchases through stock offerings, signaling that it sees Bitcoin as a better store of value than cash or other corporate reserves. You might also like: Trump-linked American Bitcoin merges with Gryphon Digital Mining