Strategy Acquires 535 BTC To Reach 818,869 Total Bitcoin Holdings

Another Buy, Bigger Stack

@Strategy has added another 535 $BTC to its corporate treasury, spending roughly $43 million at an average price of $80,340 per coin. The acquisition covered the period between May 4 and May 10, 2026, and was disclosed in an 8-K filing with the Securities and Exchange Commission.

Strategy now holds a total of 818,869 $BTC, worth around $66.5 billion, bought at an average price of $75,540 per bitcoin for a total cost of approximately $61.9 billion, including fees and expenses. That makes it the largest corporate bitcoin holder in the world by a wide margin.

The latest acquisitions were funded by proceeds from the issuance and sale of the company's Class A common stock, MSTR, and perpetual preferred stock, $STRC. The move keeps @Strategy on pace with its broader capital accumulation plan. Year to date, the firm has delivered a 9.4% BTC Yield, compared to 22.8% for the full year 2025. BTC Yield measures how much bitcoin each diluted share represents over time, and is used by the company as a key performance indicator for its treasury operations.

STRC: The Engine Behind the Buys

The $STRC preferred stock has become central to how @Strategy raises fresh capital for bitcoin purchases without diluting common shareholders. The structure creates a repeatable capital loop: yield-seeking investors buy the preferred shares, Strategy deploys the capital into bitcoin on the open market, and any excess returns beyond preferred obligations accrue to common shareholders.

STRC has scaled to $8.5 billion in just nine months and is now the largest preferred stock by market cap in the world, with Michael Saylor describing it as a credit instrument with a 2.53 Sharpe ratio. Strategy raised $5.6 billion year-to-date in STRC gross proceeds and increased daily trading volume to $375 million, while bringing volatility down to 3%, all during a bitcoin bear market.

During Strategy's Q1 earnings call, Michael Saylor said the firm may sell bitcoin in the future to cover dividends from $STRC, contrasting his earlier "never sell" stance. In interviews over the weekend, Saylor clarified that while the company may occasionally sell a portion of its holdings, any such sales would be quickly outpaced by new purchases. The firm's overall posture remains one of aggressive, long-term accumulation.

Strategy has acquired additional bitcoin in every quarter since 2020 across 108 separate acquisitions.

Sources:
The Block: Strategy buys 535 bitcoin for $43 million
BusinessWire: Strategy Q1 2026 Financial Results
CNBC: Strategy breaks from 'never sell' bitcoin approach