Strategy purchased 24,869 bitcoin for approximately $2.01 billion last week at an average price of $80,985 per coin, the company disclosed Monday in an 8-K filing with the SEC. The acquisition is the largest single-week purchase by the firm so far in 2026 and brings its total holdings to 843,738 BTC, according to CoinDesk.
The latest purchase pushes Strategy’s aggregate cost basis to roughly $64 billion, with an average entry price of $75,700 per coin. The buy was funded almost entirely through sales of the company’s STRC preferred stock, a shift from earlier rounds that relied more heavily on at-the-market common equity issuance. Strategy disclosed last week that it had raised only $43 million via ATM sales between May 4 and May 10, suggesting the firm is leaning more on preferred securities to scale acquisitions without diluting common shareholders.
The accumulation comes weeks after CEO Phong Le told analysts on the Q1 earnings call that the company is no longer committed to a strict “never sell” policy. On May 5, Le said Strategy would consider selling BTC “when it’s advantageous to the company,” specifically to defend bitcoin-per-share metrics or service debt and preferred dividend obligations. The Q1 report showed a $12.5 billion net loss tied to fair-value writedowns when bitcoin briefly traded below the firm’s cost basis.
Markets reacted modestly. MSTR shares were lower by 2.5% in premarket trading on Monday, while BTC held near $77,700, down slightly from Friday’s close. According to SaylorTracker data, Strategy’s treasury is now back in the green by roughly $5 billion in unrealized gains after spending most of February through April underwater.
Strategy’s continued buying contrasts with Bitcoin treasury peers MARA Holdings and Riot Platforms, both of which sold portions of their stacks earlier this year to raise cash for pivots into AI and data center operations. With its stash now within striking distance of 850,000 BTC, Strategy controls roughly 4% of bitcoin’s circulating supply, per Bitcoin Treasuries data. The next operational test is whether STRC issuance can scale at the current pace without straining the preferred-dividend coverage ratio.
