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'Big dot energy': Michael Saylor's Strategy buys another 24,869 BTC for $2 billion as total holdings top 4% of bitcoin supply
By James Hunt
Companies•May 18, 2026, 8:07AM EDT
UPDATED: May 18, 2026, 8:18AM EDT
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Quick Take
Strategy has purchased another 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin, bringing its total holdings to 843,738 BTC.
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.
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treasury company Strategy (STRC) acquired an additional 24,869 BTC for approximately $2.01 billion at an average price of $80,985 per bitcoin between May 11 and May 17, according to an 8-K filing with the Securities and Exchange Commission on Monday.
Strategy now holds a total of 843,738 BTC — worth around $65.3 billion — bought at an average price of $75,700 per bitcoin for a total cost of around $63.9 billion, including fees and expenses, according to the company's co-founder and executive chairman, Michael Saylor.
To put that in perspective, Strategy's holdings are now the equivalent of more than 4% of bitcoin's 21 million supply cap and imply around $1.4 billion of paper gains at current prices.
The latest acquisitions were made using proceeds from at-the-market sales of its Class A common stock, MSTR, and perpetual Stretch preferred stock, STRC. Last week, Strategy sold 430,344 MSTR shares for approximately $83.7 million. As of May 17, $26.27 billion worth of MSTR shares remain available for issuance and sale under that program, the firm said. Strategy also sold 19,519,801 STRC shares for approximately $1.95 billion, with $17.51 billion worth of STRC shares remaining available for issuance and sale under that program.
It marks the sixth-largest weekly acquisition for Strategy to date and the second-largest this year after the firm's 34,164 BTC purchase in April.
Strategy recently extended its ATM programs to include up to an additional $21 billion of MSTR, alongside a further $21 billion of its STRC preferred stock and $2.1 billion of STRK preferred stock.
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'Big dot energy'
Saylor again hinted about the firm's latest purchase announcement ahead of time, sharing an update on Strategy's bitcoin acquisition tracker on Sunday and stating, "Big dot energy" — suggesting a substantial purchase disclosure.
STRC, a variable‑rate, cumulative preferred stock offering monthly dividends, with adjustable rates designed to keep it near $100 par value, has increasingly become the primary driver of its bitcoin acquisitions in recent weeks. The stock currently offers an annualized rate of 11.5%
Strategy recently proposed updating the dividend payment schedule for STRC, shifting from once per month to twice per month. The company states that the change could "lead to reduced reinvestment lag, enhanced liquidity, market efficiency, and increased price stability."
Last week, analysts at K33 argued that strong investor demand for STRC may be creating recurring mid-month bitcoin buying pressure as the company issues new shares and uses the proceeds to acquire BTC ahead of the current ex-dividend dates on the 15th of each month.
On Thursday, U.S. President Donald Trump and his family disclosed that they had bought shares in Strategy during the first quarter, alongside other crypto-related stocks such as Coinbase and MARA Holdings. Trump and his family bought and sold Strategy's Class A shares across eight transactions. The largest purchase was made on Feb. 12, worth between $50,001 and $100,000, while the largest sale was made on Jan. 12, ranging between $15,001 and $50,000.
On Friday, Strategy agreed to buy back $1.5 billion face value of its zero-coupon 2029 convertible notes for approximately $1.38 billion, retiring the debt at roughly 92 cents on the dollar. The company listed bitcoin sales as one of three potential funding sources, a notable disclosure given Michael Saylor's recently stated "net accumulator" policy.