Strategy buys 535 bitcoin for $43 million days after signaling potential BTC sales

Last week's purchases were funded by sales of the company's common stock.

What to know:

• 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$81,222.49, 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 common 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.

CORRECT (May 11, 14:01 UTC): Corrects headline to say Strategy bought 535 bitcoin, an earlier version of this story incorrectly flagged it as a $535 million purchase.

More For You

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...

CoinDesk 20 performance update: SUI surges 25% over weekend

22 minutes ago

Tom Lee's Bitmine slows down ether purchases after already buying 1 million tokens this year

43 minutes ago

Ronin set to transition to Ethereum layer 2 from independent sidechain

1 hour ago

Bitcoin funds capture $700 million as institutions place their bets

2 hours ago

Michael Saylor’s latest tax strategy echoes Strategy’s 2022 bitcoin sale

2 hours ago

Trump fans put millions of dollars into a gold phone and a memecoin. Neither has gone well

2 hours ago

Circle raises $222 million for Arc, beats Q1 earnings estimates but misses on revenue

2 hours ago

Canton Network’s Digital Asset targets $2 billion valuation in a16z crypto-led raise: Bloomberg

3 hours ago

Bitcoin whipsaws on CME open as Iran tensions pressure crypto markets

3 hours ago

A bitcoin whale that went silent in 2013 moves $40 million in BTC

9 hours ago

BlackRock deepens tokenization push with new onchain fund offerings

May 9, 2026

MARA expected to post Q1 losses as investors look ahead to AI growth strategy

3 hours ago

In this article

BTCBTC$81,222.49◢0.33%