Strategy acquires 24,869 Bitcoin for $2 billion

Michael Saylor is not slowing down. While some anticipated a pause, or even sales, Strategy has just signed one of its most massive bitcoin purchases of the year. Behind the figures lies an increasingly ambitious financial mechanism… and increasingly controversial.

A record acquisition, financed by a well-oiled mechanism

Strategy continues to set its pace on the crypto market. According to a document submitted to the SEC, Michael Saylor's company purchased 24,869 bitcoins between May 11 and 17, 2026 for a total amount of $2.01 billion. The average acquisition price reaches around $80,985 per BTC.

With this new operation, the company now holds 843,738 BTC, purchased for nearly $63.9 billion. At current market prices, this reserve is already worth more than $65 billion. No other publicly traded group has such massive exposure to bitcoin.

This accumulation even exceeds the holdings of asset management giant BlackRock, which holds around 817,000 BTC through its investment products. This detail illustrates a major shift: Strategy no longer resembles a simple technology company, but a real financial holding company built around Bitcoin.

The most striking, however, remains the financing method used. Approximately 97% of this acquisition comes from sales of STRC securitiesa hybrid product that mixes yield and indirect exposure to bitcoin. Strategy has raised nearly $1.95 billion thanks to this structure.

Michael Saylor here refines a strategy that has become unique on Wall Street: gradually converting the American financial markets into a permanent engine for the purchase of BTC. Bonds, hybrid stocks, and yield products now serve one purpose: accumulate more bitcoin before other companies.

An increasingly powerful Bitcoin empire… but also riskier

This operation takes place in a particular context. A few days earlier, Strategy already announced the repurchase of $1.5 billion in convertible debt maturing in 2029. This restructuring aims to gradually reduce the burden of future repayments while preserving the purchasing capacity of BTC.

At the same time, Michael Saylor recently suggested that a partial sale of bitcoins could ultimately become acceptable in certain strategic situations. A statement that surprised part of the crypto community, accustomed to the “never sell” discourse.

However, the market seems to continue to follow Strategy. Every post from Saylor on social media now triggers speculation about a new purchase. His recent message “₿ig Dot Energy” immediately revived investors’ expectations.

But this mechanic is also starting to attract criticism. Some observers say Strategy is increasingly dependent on the enthusiasm of retail investors to fund its expansion. The STRC product, majority owned by retail investors, is gradually becoming the financial backbone of the group.

The risk remains obvious: a strong correction in bitcoin could weaken this extremely aggressive model. The more BTC Strategy accumulates, the more sensitive the company becomes to the volatility of the crypto market.

Strategy now controls nearly 4% of the total circulating supply of bitcoin, a figure unrivaled among listed companies. The model is aggressive, the debt real, the risks very present. However, as long as bitcoin holds its levels, Michael Saylor continues to set the pace on Wall Street. And each acquisition further strengthens the idea that Bitcoin is establishing itself permanently at the heart of global finance.