Strategy Bought 24,869 Bitcoin for 2 Billion Dollars Last Week and Now Holds More Than BlackRock

[madmax]

Michael Saylor's Strategy acquired 24,869 Bitcoin between May 11 and 17 for approximately $2.01 billion, purchasing at an average price of $80,985 per BTC according to an 8-K filing with the SEC. The purchase raises the company's total holdings to 843,738 BTC acquired for a cumulative cost of about $63.87 billion, with those holdings valued at roughly $65.3 billion at current prices. The acquisition marks Strategy's 109th Bitcoin purchase event since 2020 and pushes its holdings well ahead of BlackRock, the world's largest asset manager, which holds around 817,000 BTC on behalf of its clients through its iShares Bitcoin Trust. Strategy's cost basis now sits at $75,700 per BTC, reflecting the scale of its accumulation across a wide range of market conditions.

The purchase came during a week when Bitcoin was hovering around $80,000, a level significantly below the asset's October 2025 all-time high, and arrives just one week after Saylor raised eyebrows during an earnings call by suggesting Strategy might consider selling Bitcoin in certain circumstances. He framed the possibility not as a retreat from the company's core mission but as a way to better protect Bitcoin's long-term value, arguing that rigidly adhering to a never-sell approach could over time work against the very asset the company is built to accumulate. The comment drew attention given how central the buy-and-hold thesis has been to Strategy's identity, though the subsequent $2 billion purchase suggests the company's fundamental commitment to Bitcoin accumulation remains firmly intact.

[mendez]

Said might sell Bitcoin then bought $2 billion more, noted

[mendez]

$75,700 cost basis buying at $80,000, conviction holding above average