Strategy Reinforces Commitment to Cryptocurrency with $75 Million Acquisition of 705 Bitcoin

Strategy, under the leadership of Executive Chairman Michael Saylor, announced on Monday that it has acquired an additional 705 Bitcoin for approximately $75.1 million between May 26 and 30, further solidifying the company’s ongoing dedication to the cryptocurrency.

Strategy has secured 705 BTC for ~$75.1 million at ~$106,495 per bitcoin and has achieved a BTC Yield of 16.9% YTD 2025. As of 6/1/2025, we hold 580,955 $BTC obtained for ~$40.68 billion at ~$70,023 per bitcoin. $MSTR $STRK $STRF https://t.co/K4tex3qHrN

— Michael Saylor (@saylor) June 2, 2025

This acquisition was financed through proceeds from the company’s active at-the-market (ATM) offerings of its preferred stock classes, STRK and STRF. The acquisition period extended from May 26 to June 1, 2025, marking another significant step in the company’s long-term Bitcoin accumulation strategy.

The firm currently possesses a total of 580,955 BTC acquired for an overall purchase price of approximately $40.68 billion, which translates to an average purchase price of $70,023 per bitcoin.

This recent acquisition underscores Strategy’s ongoing commitment to its Bitcoin-focused corporate treasury strategy, where surplus capital, including proceeds from equity offerings, is regularly reinvested into the cryptocurrency.

With this transaction, Strategy also reported a bitcoin yield of 16.9% year-to-date, reinforcing its status as the largest corporate holder of BTC worldwide.

The timing of this purchase, at a higher average price compared to its long-term cost basis, indicates that Strategy perceives Bitcoin’s recent surge as a sign of sustained strength rather than a peak.

ATM Programs Fuel Expansion

During the same timeframe, Strategy indicated it has utilized its ATM equity programs to generate funds for both operational and investment needs.

Between May 26 and June 1, the company raised a total of $74.6 million through its ATM programs: $36.2 million from the sale of 353,511 STRK shares and $38.4 million from the sale of 374,968 STRF shares.

These preferred stock instruments, each offering appealing dividend yields of 8.00% and 10.00% respectively, were established earlier this year and have already demonstrated strong market traction.

As of June 1, there remains significant capacity within these programs for future issuance—$20.68 billion for STRK and $2.05 billion for STRF—highlighting Strategy’s intention to continue utilizing these instruments for growth and BTC accumulation.

The company also announced quarterly cash dividends on both series of preferred shares, with STRK shareholders receiving $2.00 per share and STRF shareholders receiving approximately $2.64 per share. These payments are set for June 30, 2025, to shareholders of record as of June 15.

The dividend on the STRF shares includes an accrual from the issuance date of March 25, further emphasizing the firm’s focus on maintaining shareholder value alongside its bitcoin-centric strategy.

K33 Says Strategy Slows Bitcoin Buys as MSTR Premium Shrinks

K33 Research reports that Strategy seems to be reducing its rate of Bitcoin acquisitions. In its latest filing, Strategy disclosed it purchased 4,020 BTC between May 19 and May 25 for $427.1 million, utilizing proceeds from its ongoing $21 billion at-the-market (ATM) offering.

However, capital raised from the program has diminished. Only $348.7 million was deployed during that week—down from $705.7 million the previous week and $1.31 billion in early May.

K33 Head of Research Vetle Lunde attributes the slowdown to two primary factors: a decreasing premium for MSTR shares in relation to the firm’s Bitcoin holdings, and increasing competition among corporations entering the Bitcoin treasury sector.

“The pace of ATM utilization is notably slower than the first round,” Lunde remarked.

Between early November and mid-December, Strategy raised an average of $2.13 billion weekly. In contrast, recent averages have fallen to $788 million.

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