Strategy, the company formerly known as MicroStrategy, has expanded its Bitcoin holdings by acquiring 13,390 BTC tokens worth $1.34 billion. The acquisition was made at an average cost of $99,856 per coin, further solidifying the company’s position as the largest corporate holder of Bitcoin. Following this purchase, Strategy’s total Bitcoin portfolio now stands at an impressive 568,840 BTC tokens, which accounts for 2.864% of Bitcoin’s circulating supply.
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
Strategy’s Ongoing Bitcoin Acquisition
Since September 2020, Strategy has been a major player in the Bitcoin accumulation game, sticking to a mostly monthly purchasing schedule. However, as 2024 drew to a close, the company shifted its strategy to weekly Bitcoin acquisitions. Just last week, Strategy purchased 1,895 BTC, valued at $180.3 million, at an average price of $95,167. This week’s acquisition is over seven times larger, reflecting the company’s continued commitment to Bitcoin despite fluctuating market conditions.
The firm’s largest Bitcoin acquisition came in November 2024, when it bought 55,500 BTC worth $5.4 billion. Over the past four years, Strategy has invested $39.41 billion in Bitcoin, with the current portfolio valued at $58.82 billion, yielding an unrealized profit of $19.39 billion. This aggressive purchasing strategy is supported through proceeds from the company’s $42 billion at-the-market equity offerings.
Critics Voice Concerns Over Strategy’s Bitcoin Bets
While Strategy’s Bitcoin acquisitions have been widely recognized, the company’s bold strategy has faced some criticism. Peter Schiff, a prominent Bitcoin skeptic, cautioned that continued purchases could push the firm’s average cost per Bitcoin above $70,000. Schiff warned that if Bitcoin experiences a significant downturn, the market price could dip below Strategy’s average cost basis, potentially leading to major financial losses.
However, Michael Saylor, the founder and chairman of Strategy, remains undeterred. Saylor has consistently stated that he has no plans to sell his Bitcoin holdings, even if the price per coin reaches $1 million. His long-term conviction in Bitcoin remains a cornerstone of Strategy’s strategy, positioning the company as a dominant player in the crypto space.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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