Key Takeaways
- Strategy adds 24,869 BTC for $2.01 billion, bringing its total holdings to 843,738 bitcoin as of May 17, 2026.
- The $75,700 blended average cost basis and 12.6% BTC Yield YTD signal continued confidence in bitcoin as a treasury asset.
- Strategy plans to retire $1.5 billion in 2029 convertible notes, reshaping its debt structure going forward.
Strategy Crosses 843K BTC After $2 Billion Purchase and Convertible Note Buyback
Michael Saylor announced the purchase on May 18, 2026, via X, noting an average acquisition price of roughly $80,985 per bitcoin for the latest buy. The company now holds 843,738 BTC in total, acquired at a blended average of approximately $75,700 per coin, representing a total outlay of about $63.87 billion.
Strategy also reported a bitcoin yield of 12.6% year-to-date for 2026, a key internal metric the company uses to measure BTC accumulation relative to its share base. The latest buy is one of the larger single purchases the company has made in recent months, extending a streak of consistent acquisitions that began in earnest in 2020.
Earlier this month, on May 15, Saylor announced that Strategy plans to repurchase $1.5 billion in principal amount of its 2029 convertible notes. The move signals an effort to manage the company’s debt load as bitcoin’s price has climbed.
Convertible notes allow holders to convert debt into equity under certain conditions. Retiring them early reduces future dilution risk and lowers outstanding liabilities on the balance sheet. Strategy, formerly known as Microstrategy, operates as a bitcoin treasury company and has used both equity offerings and convertible debt instruments to fund its accumulation strategy.
At current market prices, Strategy’s 843,738 BTC sits well above its $75,700 blended cost basis, giving the company a unrealized gain on its holdings. The company trades on the Nasdaq under the tickers MSTR and STRC, and both have become closely watched proxies for bitcoin exposure among institutional and retail investors who prefer equity over spot crypto.
Saylor has repeatedly argued that bitcoin is the most reliable store of value available to corporations and that holding it on the balance sheet outperforms traditional treasury alternatives like cash or bonds. Strategy’s purchases have drawn attention from other companies exploring similar treasury strategies, and the firm’s model has been replicated in part by several other publicly traded businesses.
Whether the company continues buying at this pace will depend on capital market conditions and bitcoin’s price trajectory in the months ahead.
Other Articles
No Comment! Be the first one.