Strategy Purchases 1,895 Bitcoin for $180M, Total Holdings Reach 555,450 BTC

Highlights:

• Strategy buys 1,895 Bitcoins for $180 million, funded by stock sales in SEC filing.
• Strategy’s Bitcoin holdings are now worth $52.2 billion, targeting a 25% yield and $15 billion gains.
• Public companies are projected to invest $330 billion in Bitcoin by 2027, led by Strategy’s model.

Michael Saylor’s firm Strategy, previously MicroStrategy, continues expanding its Bitcoin (BTC) holdings with steady weekly purchases. Between April 28 and May 4, the company bought 1,895 more Bitcoins for $180 million in total, as reported in a filing with the U.S. Securities and Exchange Commission (SEC) on Monday. On average, it paid $95,167 for each Bitcoin.

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$MSTR has acquired 1,895 BTC for ~$180.3 million at ~$95,167 per bitcoin and has achieved BTC Yield of 14.0% YTD 2025. As of 5/4/2025, we hodl 555,450 $BTC acquired for ~$38.08 billion at ~$68,550 per bitcoin. $STRK $STRF https://t.co/rusgfuyCTG

— Michael Saylor (@saylor) May 5, 2025

Strategy funded the BTC purchase by selling its own shares through ongoing stock sale programs. During that week, the company sold 353,825 shares of its regular stock (MSTR) and 575,392 shares of its preferred stock (STRK), raising a total of $180.3 million to pay for the Bitcoin purchase.

The MSTR common stock sale program started in October last year as part of Strategy’s “21/21 Plan,” which aimed to raise $21 billion to buy Bitcoin. This program has now ended because all the planned funds have been raised. A separate program to sell STRK preferred stock began in March 2025, also with a $21 billion limit. As of May 4, Strategy still has $20.87 billion available to raise from STRK sales.

Now that the 21/21 Plan’s MSTR stock funds have been fully used, Strategy has started a new plan called the “42/42 Plan.” This new plan aims to raise $42 billion by 2027, with half coming from selling stock and half from borrowing money, to buy more Bitcoin. The company also sells STRF preferred stock, which is not part of either plan but is also used to help fund Bitcoin purchases.

Strategy Holds $52.2 Billion in Bitcoin, Targets 25% Yield

With the latest purchase, Strategy now owns 555,450 bitcoins, which cost a total of $38.08 billion. At current prices, these bitcoins are worth about $52.2 billion. This makes up over 2.6% of all Bitcoin and means the company has gained around $14.2 billion in value on paper. It also aims to increase its Bitcoin yield target to 25% and its Bitcoin gain target to $15 billion. Strategy has bought Bitcoin for the fourth straight week, with $1.4 billion purchased last week.

Bitcoin is currently priced around $94,000, down 1.4% in the last 24 hours, and may see more volatility ahead of the upcoming Fed interest rate decision. President Trump has repeatedly called on the Federal Reserve to cut interest rates, but the central bank has shown no sign of changing its position. A rate cut is not expected at this week’s policy meeting.

Last week, Michael Saylor’s company reported a $4.2 billion loss for the first quarter of 2025, mainly because of a $5.9 billion decrease in the value of its Bitcoin holdings under new accounting rules. Despite weak results, analysts remain optimistic about Strategy due to its Bitcoin holdings, fundraising methods, and institutional investor appeal.

Public Companies Set to Invest $330B in BTC Over Next Five Years: Bernstein

A Bernstein research note forecasts public firms may invest $330 billion in Bitcoin over five years as interest rises. Strategy is likely to lead this trend, but other firms with over $100 million in cash could add around $190 billion. Smaller, fast-growing companies might invest another $11 billion by 2026. Large companies are still cautious, but if Bitcoin proves its value, 10 firms could put in $5 billion by 2027.

Analysts pointed out that small businesses may struggle to follow Strategy’s approach due to risk management challenges. They noted that Strategy’s success comes from its innovative financial strategies, particularly its bitcoin-linked fixed-income stack. Simply copying Strategy’s model may not work for every Bitcoin treasury, according to the analysts.

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