Strategy has significantly expanded its Bitcoin treasury with another major acquisition of 24,869 BTC for approximately $2.01 billion, purchased at an average price of about $80,985 per Bitcoin.
This latest addition of the week May 11 to 15, detailed in the latest 8-K, brings the company’s total holdings to 843,738 BTC as of May 18, 2026. The cumulative investment now stands at roughly $63.87 billion, with a blended average purchase price of approximately $75,700 per BTC.
The purchase consists of proceeds from the sale of 19.5 million STRC Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for $1.949 billion net, plus 430k MSTR common shares for $83.7 million.
While the firm was expected to sell a portion of its BTC holdings to cover for dividends, the latest filing has not yet disclosed any sale.
Executive Chairman Michael Saylor shared the announcement on X, asserting the move as part of the ongoing “Cambrian explosion” in digital finance, positioning Strategy at the forefront of converting Bitcoin into programmable money.
The timing of the purchase amplifies the prevailing Bitcoin narrative of institutional maturation and impending supply constraints. As Bitcoin trades near the $78,000 range, corporate and sovereign adoption stories dominate headlines.
Regulatory progress, such as the bipartisan CLARITY Act in the U.S., is unlocking clearer frameworks for digital assets, further legitimizing large-scale treasury strategies like Strategy’s.
Strategy’s Unstoppable Bitcoin Treasury Expansion
Strategy’s latest acquisition dwarfs recent weekly buys, which had slowed to as little as 535 BTC in mid-May. This latest addition represents a dramatic acceleration from the prior pace and echoes the company’s record 34,164 BTC purchase in April. With this move, Strategy has now acquired well over 843K BTC since adopting Bitcoin as its primary reserve asset in 2020.
The company continues to emphasize BTC Yield—a metric tracking Bitcoin accumulation relative to shares outstanding—as a core performance indicator. Year-to-date 2026, Strategy reports BTC Yield figure at 9.4% even through periods of market volatility.
This latest purchase not only boosts its holdings but also strengthens its position as a leveraged Bitcoin proxy, appealing to investors seeking amplified exposure without direct crypto custody.
MSTR stock takes hit
While the company was adding BTC to its treasury, Strategy Inc. (MSTR) stock experienced a notable decline last week, closing at $177.42 on Friday, May 15, 2026, down approximately 5.4% for the week from the prior Friday’s close of $187.59—as per Yahoo Finance data.
The shares traded in a volatile range throughout the five-day period, reaching an intra-week high of $197.00 early in the week before facing sustained selling pressure. This pullback comes as the company’s Bitcoin treasury strategy remains in focus, with holdings now exceeding 843K BTC valued at around $65.39 billion, with prevailing BTC price at $77,500—as of CoinMarketCap data.
The 5-day chart highlights sharp day-to-day swings, including a strong rebound mid-week followed by a steep drop on Friday. Pre-market trading on Monday, May 18, showed further weakness, with the stock hovering around $170.25 while elevated trading volumes—averaging 15–19 million shares daily—reflect ongoing investor interest in MSTR as a high-beta Bitcoin proxy.
STRC and the Rise of Digital Credit
A key enabler of this massive purchase is Strategy’s STRC (Stretch) perpetual preferred stock program, which has rapidly evolved into a cornerstone of its funding strategy. STRC allows the company to raise capital with yield features tied to Bitcoin’s performance and digital credit mechanics, blending traditional finance with DeFi principles.
Saylor has repeatedly highlighted STRC as a “killer app” that turns Bitcoin into productive money. In recent comments, he noted that STRC helps fund Bitcoin accumulation without excessive dilution of common shares while providing investors with attractive yield opportunities.
The product’s design—offering semi-monthly dividends and liquidity options—has drawn institutional interest and supports Strategy’s goal of creating a new financial architecture on top of Bitcoin.
This latest BTC buy is reportedly funded in part by STRC issuance, demonstrating how Strategy is pioneering the convergence of TradFi and crypto. The preferred stock’s growth has helped maintain Strategy’s aggressive buying cadence even during periods of stock volatility.
Strategy’s revamp: Bitcoin selling, biweekly dividend on STRC, and $1.5b Debt repurchase
In the past few months, Strategy Inc. has unveiled a significant strategic revamp, marking a notable evolution in its Bitcoin treasury policy by announcing its first intentional Bitcoin sale since adopting the asset as its primary reserve in 2020.
The company disclosed plans to sell BTC from its treasury to cover dividend, with Saylor describing the move as a tactical rebalancing rather than a shift away from Bitcoin conviction, aimed at optimizing the balance sheet amid elevated valuations and to fund higher-priority capital initiatives.
This decision breaks from the long-standing “never sell” (net) mantra, though the company emphasized that the vast majority of its holdings remain untouched and committed for the long term.
Another cornerstone of the revamp is the introduction of a biweekly dividend on its innovative STRC (Stretch) perpetual preferred shares. Starting next month, STRC holders will receive dividends every two weeks, paid in a combination of cash and additional Bitcoin yield.
This structure is designed to enhance the attractiveness of STRC as a digital credit instrument, blending traditional preferred equity with Bitcoin’s upside. Saylor highlighted the move as a key step in transforming Bitcoin from a static store of value into productive, yield-generating capital.
In parallel, Strategy announced a $1.5 billion debt repurchase program targeting its outstanding convertible notes and other liabilities. By retiring this debt using proceeds from the targeted BTC sale and recent equity raises, the company aims to strengthen its balance sheet, reduce future interest burdens, and improve financial flexibility for continued Bitcoin accumulation.
This trio of moves—selective selling, STRC dividend enhancement, and aggressive debt reduction—signals a maturing corporate treasury strategy that balances aggressive growth with prudent capital management.
Also read: Bitcoin Depot Files Chapter 11 and Shuts Down 9000 Crypto ATMs
