Strategy (formerly MicroStrategy) has maintained its position as the largest corporate holder of Bitcoin by executing a series of significant purchases in early May 2025. These moves underscore the company’s unwavering confidence in Bitcoin as a strategic treasury asset.
Key Bitcoin Purchases in Early May
- May 5, 2025: Strategy acquired 1,895 BTC at an average price of $95,167 per coin, spending roughly $180.3 million. This purchase was funded through the sale of 353,825 shares of its common stock (MSTR) and 575,392 shares of its preferred stock (STRK).
- May 5–11, 2025: The company raised capital via stock sales, which financed its largest May purchase.
- May 12, 2025: Strategy made a major purchase of 13,390 BTC for approximately $1.34 billion, at an average price of $99,856 per Bitcoin.
Total Bitcoin Holdings and Cost Basis
Following these acquisitions, Strategy’s Bitcoin holdings reached 568,840 BTC, purchased for a total of about $39.41 billion. The average cost per Bitcoin now stands at roughly $69,287.
| Date | BTC Purchased | Amount Spent (USD) | Avg. Price per BTC | Total BTC Holdings | Average Cost Basis per BTC |
| May 5, 2025 | 1,895 | $180.3 million | $95,167 | 555,450 | $68,550 |
| May 12, 2025 | 13,390 | $1.34 billion | $99,856 | 568,840 | $69,287 |
Financial Performance and Outlook
- Strategy reported a 13.7% BTC yield for the first quarter of 2025, with a $5.8 billion BTC dollar gain year-to-date as of May 1, 20253.
- The company increased its 2025 BTC yield target from 15% to 25% and its BTC dollar gain target from $10 billion to $15 billion3.
- Strategy raised a new $21 billion at-the-market (ATM) common stock equity offering to fund further Bitcoin purchases, signaling continued aggressive accumulation despite a $4.2 billion loss reported in Q1 202.
- The firm’s Bitcoin holdings are valued at over $52 billion at current market prices, delivering unrealized gains exceeding $14 billion.
Institutional Confidence and Market Impact
Strategy’s consistent buying reflects strong institutional conviction in Bitcoin as a hedge against inflation and macroeconomic uncertainty. The company’s aggressive accumulation strategy has become a benchmark for corporate Bitcoin adoption, influencing market sentiment and price stability.
The timing of purchases in early May coincided with Bitcoin’s price approaching and surpassing the $100,000 mark, reinforcing the narrative of Bitcoin entering a price discovery phase.
Key Takeaways
- Strategy purchased nearly 15,285 BTC in early May 2025, spending about $1.52 billion.
- Total Bitcoin holdings now stand at 568,840 BTC with an average cost basis near $69,287.
- The company raised funds through equity and preferred stock sales to finance these purchases.
- Strategy raised its 2025 BTC yield and dollar gain targets, signaling bullish long-term outlook.
- Bitcoin’s price rally past $100,000 aligns with Strategy’s aggressive buying and institutional momentum.
- The upcoming corporate Bitcoin conference underscores growing adoption in the business world.
FAQs
Q: How much Bitcoin did Strategy buy in May 2025?
- A: Approximately 15,285 BTC across two purchases on May 5 and May 12.
Q: What was the average price paid for these Bitcoins?
- A: Between $95,167 and $99,856 per Bitcoin.
Q: How does Strategy fund these purchases?
- A: Through at-the-market sales of common stock (MSTR) and preferred stock (STRK).
Q: What is Strategy’s total Bitcoin holding now?
- A: 568,840 BTC as of May 12, 2025.
Q: What are Strategy’s 2025 Bitcoin yield targets?
- A: Increased from 15% to 25% BTC yield and from $10 billion to $15 billion in BTC dollar gains.
Strategy’s May 2025 Bitcoin purchases reinforce its role as a leading corporate Bitcoin treasury company. The firm’s continued capital raises and aggressive buying underscore a strong belief in Bitcoin’s long-term value, shaping the future of corporate treasury management.
