Strategy Increases Bitcoin Holdings with $2 Billion Purchase Funded Mostly by Preferred Stock

Strategy expanded its Bitcoin reserves by acquiring nearly 25,000 BTC at an average price above $80,000, largely financed through preferred stock sales.

Editorial Team · May 18, 2026 · 2 min read · Source: cointelegraph.com

Strategy, the largest public Bitcoin holder, boosted its BTC inventory with a fresh acquisition of 24,869 bitcoins, spending over $2 billion amid bullish crypto prices. The latest purchase occurred between May 11 and 17, positioning the company’s total holdings at 843,738 BTC.

This move raised Strategy’s average Bitcoin cost basis to $75,700 per coin, acquired for a cumulative cost of roughly $63.87 billion. At market prices around $80,985 per BTC, these holdings were valued at approximately $65.3 billion at the time of reporting.

The firm chiefly funded this acquisition through sales of its STRC perpetual preferred stock, which generated nearly $1.95 billion—accounting for about 97% of the transaction proceeds. In contrast, Strategy’s Class A common stock contributed a smaller portion, yielding around $83.7 million from the sale of 430,344 shares.

STRC Live had anticipated significant STRC trading during that week, including a record day where 15.1 million shares changed hands, corresponding to estimated Bitcoin purchases near 15,466 BTC. This financing structure aligns with earlier large acquisitions in the year, such as a 34,164 BTC purchase similarly funded by preferred rather than common stock.

Co-founder Michael Saylor recently suggested that Strategy might consider selling Bitcoin opportunistically to safeguard long-term value instead of adhering strictly to a no-sale policy. This marks a potential strategic flexibility shift as the company continues to grow its already substantial Bitcoin holdings, which surpass those managed by BlackRock on behalf of its clients.