Strategy Doubles Down on Bitcoin with $427M Purchase, Surpasses 580K BTC Milestone

Strategy Inc. has once again made headlines in the crypto space by expanding its already massive Bitcoin holdings. Between May 19 and May 25, 2025, the company acquired an additional 4,020 BTC at an aggregate cost of approximately $427 million. This latest purchase brings Strategy’s total Bitcoin holdings to an astonishing 580,250 BTC, solidifying its position as the largest publicly traded corporate holder of the world’s leading cryptocurrency.

According to a filing with the U.S. Securities and Exchange Commission, Strategy financed the acquisition through a combination of at-the-market (ATM) equity offerings. Specifically, the company raised $348.7 million through the sale of 847,000 shares of common stock. It also issued 678,970 shares of its Series STRK preferred stock to raise $67.9 million, and 104,423 shares of STRF preferred stock for an additional $10.4 million. These capital-raising efforts are part of Strategy’s broader financial strategy, which leverages equity markets to continue building its Bitcoin treasury.

This most recent Bitcoin purchase was executed at an average price of $106,237 per coin. Across all purchases to date, Strategy’s average acquisition cost now stands at $69,979 per BTC, placing the company deep in the green given current market prices. Bitcoin was recently trading just above $107,000, although short-term volatility has been driven by geopolitical tensions and tariff-related news. Nonetheless, Strategy remains committed to its long-term conviction in Bitcoin as a superior store of value.

The company’s executive chairman, Michael Saylor, has long championed Bitcoin as the modern-day equivalent of digital gold and a hedge against fiat currency devaluation. His belief in Bitcoin’s long-term potential has made Strategy an institutional pioneer in crypto adoption. Saylor’s aggressive approach to Bitcoin accumulation has also influenced a growing number of other corporate leaders and public companies to evaluate crypto as a strategic asset class.

This wave of corporate interest is gaining momentum. Recently, Trump Media and Technology Group reportedly announced its intention to raise $3 billion to purchase cryptocurrencies, potentially emulating Strategy’s high-profile treasury strategy. Analysts believe this growing trend among corporations could help accelerate the mainstream acceptance of digital assets and further integrate crypto into traditional capital markets.

Looking ahead, Strategy shows no signs of slowing its Bitcoin buying spree. The company has filed to issue Series A Perpetual Preferred Stock with a potential raise of up to $2.1 billion, a move that could fuel even more acquisitions in the near future. For now, its strategy remains clear: accumulate Bitcoin aggressively, manage equity to fund purchases, and stake a leading position in the digital asset revolution.