Strategy has resumed aggressive accumulation with a $2.01 billion Bitcoin (BTC) purchase that lifts the firm's treasury to 843,738 coins as of May 17.
Saylor's $2 Billion Bitcoin Buy
The Nasdaq-listed firm scooped up 24,869 BTC at an average price of $80,985, according to a Form 8-K filing announced on Monday.
Executive chairman Michael Saylor confirmed the buy on X, marking the largest acquisition since the Apr. 20 purchase of 34,164 coins.
The company funded the move through its at-the-market offerings between May 11 and May 17. Strategy sold 19.95 million STRC shares for $1.95 billion in net proceeds and offloaded 430,344 MSTR shares for another $83.7 million, Investing.com reported.
Total holdings now sit at an aggregate cost of $63.87 billion, averaging $75,700 per coin. Saylor said the firm has achieved a 12.6% BTC yield year to date.
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Why Saylor's Buy Matters
The purchase lands weeks after Saylor first signaled the firm could sell BTC to cover dividends on STRC preferred stock, a sharp reversal from his "never sell" stance. The earlier remark drew immediate scrutiny from investors who had viewed the accumulation playbook as one-directional.
Saylor moved to clarify on a podcast over the weekend, refining the position as "never be a net seller." JPMorgan analysts estimate Strategy's annual purchases could total $30 billion at the current pace.
CEO Phong Le framed the matter as "math over ideology" on Friday. He argued that selling BTC to cover dividends becomes acceptable only when it improves Bitcoin per share, citing roughly $60 billion in daily BTC trading volume against $1.5 billion in annual dividend obligations.
Strategy's Recent Buying Cadence
The latest acquisition follows a stretch of restraint. Strategy bought just 535 BTC for $43 million on May 12, skipped the prior week ahead of its Q1 earnings call, and absorbed a $12.5 billion net loss for the quarter under FASB fair-value rules. Bitcoin traded near $81,000 during the buying window and changed hands at roughly $77,000 over the weekend.
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