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Strategy Expands Bitcoin Holdings With Latest Multi-Million Dollar Purchase

Company buys additional BTC via stock offerings, bringing total holdings to record levels.

Updated May 19, 2025, 1:35 p.m. Published May 19, 2025, 12:09 p.m.
Photo of Strategy Executive Chairman Michael Saylor standing. (Nikhilesh De)

What to know:

  • Strategy (MSTR) has acquired 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a Monday filing.
  • The acquisition—funded through an at-the-market (ATM) offering of Class A common stock and the issuance of Series A STRK preferred stock—brings Strategy’s total holdings to 576,230 BTC.

Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR)

Strategy (MSTR) has purchased 7,390 BTC for approximately $764.9 million at an average price of $103,498 per bitcoin, according to a filing on Monday.

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This latest acquisition increases the company’s total bitcoin holdings to 576,230 BTC, now valued at roughly $59 billion based on the current market price of around $103,000 per bitcoin. The average purchase price of Strategy’s entire bitcoin position now stands at $69,726

The purchase was financed through an at-the-market (ATM) offering of its Class A common stock, as well as the issuance of Series A STRK preferred stock. Between May 12 and May 18, Strategy raised $705.7 million from the sale of common stock and issued 621,555 shares of its STRK preferred stock.

Bitcoin is trading near $103,000, while shares of MSTR are down more than 1% in pre-market trading.

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
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  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin’s onchain data points to supply overhang and weak participation, while gold’s breakout is priced by markets as a durable macro regime shift.

What to know:

  • Gold’s surge above $5,000 an ounce is increasingly seen as a durable regime shift, with investors treating the metal as a persistent hedge against geopolitical risk, central bank demand and a weaker dollar.
  • Bitcoin is stuck near $87,000 in a low-conviction market, as on-chain data show older holders selling into rallies, newer buyers absorbing losses and a heavy supply overhang capping moves toward $100,000.
  • Derivatives and prediction markets point to continued consolidation in bitcoin and sustained strength in gold, with thin futures volumes, subdued leverage and weak demand for higher-beta crypto assets like ether reinforcing the cautious tone.