Strategy Boosts Bitcoin Holdings to 553,555 BTC with $1.42B Purchase

Strategy, the corporate bitcoin treasury company formerly known for its Bitcoin acquisition strategy, has added another 15,355 BTC to its already substantial reserves, bringing its total holdings to 553,555 BTC. The acquisition, valued at approximately $1.42 billion, was executed between April 21 and April 27 at an average price of $92,737 per bitcoin, according to an SEC filing released on April 28. This move narrows the gap with BlackRock’s iShares Bitcoin Trust (IBIT)—currently the ETF holding the most BTC with approximately 588,686 BTC— to just 35,131 BTC. The purchase aligns with bitcoin’s bullish momentum, with the cryptocurrency trading at $94,331 as of writing, up 7.1% in the past week.

Strategy’s bitcoin stash now accounts for roughly 2.6% of the bitcoin’s total 21 million supply, with a current market value exceeding $52 billion. The company’s total investment stands at $37.9 billion, acquired at an average price of $68,459 per BTC, yielding a year-to-date BTC yield of 13.7% as of April 28. This performance highlights Strategy’s ability to capitalize on bitcoin’s price appreciation while steadily accumulating more coins.

Strategy co-founder, Michael Saylor hinted at the purchase a day prior, posting on X on April 27: “Stay humble. Stack sats,” alongside a chart tracking Strategy’s bitcoin acquisitions, reflecting its strong confidence to building one of the largest corporate bitcoin portfolios globally.

The acquisition brings Strategy closer to BlackRock’s IBIT, the spot bitcoin ETF with the highest BTC holdings among its peers. As of its latest update, IBIT holds approximately 588,686 BTC, based on data tracked by BitcoinTreasuries. With only a 35,131 BTC difference, Strategy’s aggressive buying spree positions it as a formidable contender in the institutional bitcoin space. While IBIT benefits from inflows tied to retail and institutional ETF investors, Strategy’s direct ownership model offers greater flexibility and control over its holdings.

This development comes amid heightened institutional interest in bitcoin. According to the Block, last week, Cantor Fitzgerald, SoftBank, Bitfinex, and Tether announced a $3.6 billion bitcoin venture, joining a growing list of firms adopting Strategy’s playbook. Meanwhile, spot bitcoin ETFs saw $3.24 billion in inflows last week, according to data from Coinglass, further fueling market liquidity and optimism. After the announcement of acquisition, Saylor emphasized again his confidence on Bitcoin, said in his post :“When banks finally bless Bitcoin and the experts agree it’s a good idea, everyone will want to buy it, no one will need to sell it, and you won’t be able to afford it.” Strategy’ bitcoin acquisitions could be seen as Saylor practicing his philosophy to the market: keep stacking sats, and let the market do the rest.