Strategy, the largest publicly traded corporate holder of bitcoin, has restarted its bitcoin acquisition engine after a pause, purchasing 535 BTC for approximately $43 million at an average price of $80,340 per coin. The announcement was made by Executive Chairman Michael Saylor on May 11, 2026, via a post on X. This brings the company’s total holdings to 818,869 BTC, acquired for $61.86 billion at an average cost basis of $75,540.
The purchases were funded through the sale of Strategy’s preferred stock (STRC) under its at-the-market (ATM) offering program, which was reactivated after the STRC shares returned to their $100 par value following the longest drawdown in their history. According to a May 11 SEC filing, $42.9 million raised from stock sales was immediately directed toward bitcoin. The revival of this 'money printer' mechanism follows a first-quarter earnings call where Strategy signaled it was prepared to sell bitcoin for the first time — to repay convertible debt or fund dividends — provided such moves remain accretive on a bitcoin-per-share basis.
Saylor acknowledged a philosophical shift from the long-held mantra of 'Never sell your bitcoin' to a new doctrine of 'Never be a net seller.' Under this rule, Strategy may selectively sell BTC to cover preferred stock dividends, but only if it purchases 10–20 times more bitcoin on top of each sale. The company also proposed a shareholder vote (through June 8) to shift STRC dividend payments to a twice-monthly schedule, aiming to reduce price volatility around payout periods. The first payment under the new structure could occur by July 15, 2026.
With bitcoin trading above $81,000, Strategy’s entire stash is in profit, and the company achieved a BTC yield of 9.4% year-to-date in 2026. Shares of MSTR rose over 1% in pre-market trading.
