Strategy adds $535 million in bitcoin days after outlining potential sale scenarios
Share this article
By James Van Straten|Edited by Sheldon Reback
May 11, 2026, 12:17 p.m. 1 min read
- Strategy purchased 535 bitcoin for about $43 million last week at an average price of $80,340 per coin.
- The company has spent roughly $61.8 billion on its bitcoin at an average cost of $75,540 per coin.
- MSTR shares rose 1% pre-market trading.
Disclosure: The author of this story owns shares in Strategy (MSTR).
Michael Saylor, the executive chairman of Strategy (MSTR), the largest publicly traded corporate holder of bitcoin BTC$81,031.50, announced Monday on X the purchase of 535 bitcoin for roughly $43 million at an average price of about $80,340 per coin
The purchases bring the company’s total holdings to 818,869 BTC, acquired for $61.86 billion at an average cost basis of $75,540. With bitcoin currently trading above $81,000, Strategy’s stash is currently in profit.
Last week’s purchases were funded by $42.9 million raised through sales of the company’s preferred stock, according to a May 11 SEC filing.
This purchase follows Strategy’s first-quarter earnings call, where the company said it was prepared to sell bitcoin to repay convertible debt or fund dividend obligations, provided the move remains accretive on a bitcoin-per-share basis.
MSTR shares rose more than 1% in pre-market trading.
More For You
By James Van Straten|Edited by Oliver Knight
1 hour ago
Michael Saylor confirmed the company was prepared to sell bitcoin, reviving a tax loss harvesting strategy first used in 2022.
What to know:
- Strategy previously sold 704 BTC in December 2022 to realize tax losses before quickly rebuying 810 bitcoin, two days later, a move designed to offset prior capital gains and secure tax benefits.
- With bitcoin down 23% in Q1 2026, Strategy recorded a $12.54 billion unrealized loss and built a $2.2…
Top Stories
