Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, made another massive BTC acquisition last week, spending $2.01 billion as the crypto asset hovered around $80,000.
Between May 11 and 17, Strategy acquired 24,869 Bitcoin at an average price of $80,985 each. The purchases were revealed in a Monday 8-K filing with the SEC.
The company now holds a total of 843,738 BTC, bought for about $63.87 billion. As of publication, the stash is valued at roughly $65.3 billion.
Strategy funded nearly all of this purchase through sales of its STRC perpetual preferred stock, which accounted for about 97% of the proceeds. The SEC filing shows roughly $1.95 billion was raised from 19.5 million STRC shares. In contrast, sales of Class A common stock (MSTR) contributed just $83.7 million.
This move follows a pattern: similar large Bitcoin buys earlier this year were also financed primarily through preferred securities. Strategy’s holdings now far exceed those of BlackRock, which holds about 817,000 BTC for its clients.