TLDR
- Strategy acquired 15,355 BTC for $1.42 billion at an average price of $92,737 per bitcoin
- Total holdings now reach 553,555 BTC worth over $52 billion, representing 2.6% of bitcoin’s total supply
- Purchases funded through sales of class A common stock (MSTR) and perpetual strike preferred stock (STRK)
- Strategy’s stock has outperformed major tech companies, showing 28% increase over the past month
- Corporate bitcoin accumulation is increasing with new players like Twenty One entering the space
Strategy, formerly known as MicroStrategy, has further cemented its position as the leading corporate holder of Bitcoin with another major acquisition. Between April 21 and April 27, 2025, the company purchased an additional 15,355 BTC for approximately $1.42 billion in cash, paying an average price of $92,737 per bitcoin.
This latest move brings Strategy’s total bitcoin holdings to 553,555 BTC, worth over $52 billion at current prices. The company has spent around $37.9 billion on its bitcoin acquisitions to date, including fees and expenses, with an average purchase price of $68,459 per bitcoin.
The recent purchases were funded through the sale of the company’s securities. Strategy sold 4,020,000 shares of its class A common stock (MSTR) for approximately $1.4 billion and 435,069 shares of its perpetual strike preferred stock (STRK) for approximately $37.5 million.
After these sales, Strategy has just $128.7 million worth of MSTR shares remaining available under its current offering program. However, the company still has $20.92 billion worth of STRK shares available for issuance and sale to fund future bitcoin purchases.
Market Performance and Strategy’s Position
Strategy’s aggressive bitcoin acquisition approach appears to be paying off for investors. The company’s stock closed at $368.71 on Friday, up 5.2%, and has gained 22.9% year-to-date. Over the past month alone, MSTR shares have increased by 28.09%.
What’s particularly impressive is Strategy’s stock performance compared to tech giants and the broader market. While MSTR delivered a 6% return over the past three months, companies like NVIDIA (-6%), Microsoft (-10%), and Google (-15%) all experienced negative returns during the same period.
The company now controls approximately 2.6% of bitcoin’s total 21 million supply. At current prices around $95,000 per bitcoin, Strategy’s holdings represent paper gains of around $14 billion over their purchase cost.
Executive Chairman Michael Saylor continues to drive Strategy’s bitcoin-focused approach. Before the latest acquisition announcement, Saylor hinted at the purchase on social media with his characteristic phrase: “Stay humble. Stack sats.”
Growing Corporate Interest in Bitcoin
Strategy’s bitcoin acquisitions come amid increasing corporate interest in the cryptocurrency. Several new players are entering the space with their own bitcoin accumulation strategies.
Last week, Cantor Fitzgerald, SoftBank, Bitfinex, and Tether announced plans to launch a $3.6 billion bitcoin venture. They join companies like Semler Scientific, KULR, and Metaplanet in adopting the bitcoin acquisition model pioneered by Strategy and Saylor.
A new “Bitcoin-native” public company called Twenty One is also entering the space, with Strike CEO Jack Mallers taking the helm. Twenty One aims to launch with over 42,000 BTC and is positioning itself as a more agile and capital-efficient vehicle for bitcoin exposure compared to Strategy.
According to analysts at K33, Twenty One has highlighted a key structural difference in its approach: “As Strategy continues to grow its treasury, each new dollar of bitcoin purchased has a diminishing effect on its per-share bitcoin holdings. In contrast, Twenty One Capital is starting fresh, offering what it calls a ‘pure play’ on bitcoin with Bitcoin-native operations.”
Twenty One’s roadmap includes developing Bitcoin-native debt and equity products, launching a lending platform, and offering education and advisory services for both institutional and retail investors.
Bitcoin continues to perform well in this environment of growing institutional interest. The cryptocurrency is currently trading above $95,000, showing a 7.44% gain over the past week and a 1.59% increase in the last 24 hours.
Strategy currently trades at a market cap of $98.1 billion. Its latest SEC filing on Monday revealed that the company used the proceeds from its stock sales to fund its most recent bitcoin purchases.
The latest bitcoin acquisition by Strategy occurred just a week after the company bought 6,556 BTC for approximately $555 million between April 14 and April 20.
