Bitcoin Holdings of MicroStrategy Increase by $43 Million, Sparking 10% Stock Rally

Table of Contents Strategy (MSTR) has resumed its bitcoin acquisition strategy. The enterprise added 535 BTC to its treasury for about $43 million during the week spanning May 4 through May 10, based on regulatory documents filed with the SEC on May 11. Strategy has acquired 535 BTC for ~$43.0 million at ~$80,340 per bitcoin and has achieved BTC Yield of 9.4% YTD 2026. As of 5/10/2026, we hodl 818,869 $BTC acquired for ~$61.86 billion at ~$75,540 per bitcoin. $MSTR $STRC https://t.co/qScHXi2BBJ — Michael Saylor (@saylor) May 11, 2026 The company paid an average of $80,340 for each coin. Given bitcoin’s current trading price above $81,000, this acquisition is already showing unrealized gains. Funding for this transaction came through at-the-market equity offerings, specifically Class A common shares (MSTR) and perpetual Stretch preferred stock (STRC), which collectively generated approximately $42.9 million. Strategy Inc, MSTR Strategy’s bitcoin reserves have now reached 818,869 BTC, accumulated for approximately $61.9 billion with an average acquisition cost of $75,540 per coin. Using current market valuations, this treasury is valued at roughly $66.5 billion. The company’s holdings represent more than 3.9% of bitcoin’s fixed maximum supply of 21 million coins. The previous week saw Saylor temporarily halt purchases in preparation for Strategy’s quarterly earnings announcement. On Monday, he shared his customary bitcoin tracking update on X, simply stating: “Back to work.” The company disclosed a $12.7 billion net loss for Q1, primarily driven by a $14.5 billion unrealized impairment on its bitcoin position under recently implemented accounting standards. During the quarterly earnings discussion, Saylor indicated Strategy might liquidate portions of its bitcoin reserve to satisfy dividend requirements for its STRC preferred shares or to settle convertible debt obligations. “We’ll probably sell some bitcoin to fund the dividend, just to inoculate the market,” he explained. However, he clarified this position during weekend podcast appearances, emphasizing that any potential sales would be minimal compared to ongoing acquisitions. “Even if we were to sell one bitcoin, we’d be buying 10 to 20 more,” Saylor stated. To support its continuous purchasing activity, Strategy has been expanding its fundraising capabilities. The firm operates multiple at-the-market preferred stock programs — STRK, STRC, STRF, and STRD — with aggregate capacity reaching tens of billions of dollars. These complement the comprehensive “42/42” capital strategy, which seeks to raise $84 billion through a combination of equity issuances and convertible debt instruments. Strategy recently expanded these initiatives, incorporating up to $21 billion in additional MSTR stock offerings along with supplementary preferred stock programs. STRC has emerged as a primary funding mechanism for recent bitcoin acquisitions. This instrument carries an 11.5% annual dividend yield and is structured to maintain a price near its $100 par value. The company has also floated a proposal to increase dividend frequency from monthly to semi-monthly. Shares appreciated 9.8% over the week, closing Friday at $187.59. Following Monday’s purchase announcement, pre-market trading showed the stock advancing approximately 0.67%. Despite this recent strength, shares remain roughly 59% below their summer 2025 peak, with an mNAV ratio currently at 1.04. Data from Bitcoin Treasuries indicates that 196 publicly traded companies have now implemented bitcoin treasury strategies.