On Monday, Strategy, under the leadership of Executive Chairman Michael Saylor, reported the acquisition of an additional 705 Bitcoin, amounting to approximately $75.1 million, during the period from May 26 to May 30. This investment further solidifies the firm’s longstanding dedication to the cryptocurrency market.
The new addition brings Strategy’s total Bitcoin holdings to 580,955, acquired at an average price of $70,023 per bitcoin, for a total investment of around $40.68 billion. The Bitcoin yield year-to-date for 2025 is reported at 16.9%. Details regarding this purchase were shared via social media by Michael Saylor on June 2, 2025.
The recent Bitcoin acquisition was financed through proceeds from the company’s ongoing at-the-market (ATM) offerings involving its preferred stock classes, named STRK and STRF. This transaction marks yet another step in the firm’s commitment to its Bitcoin accumulation strategy.
In total, Strategy’s Bitcoin assets now reflect a substantial commitment of approximately $40.68 billion, emphasizing its strategic focus on building a cryptocurrency-centric corporate treasury.
In light of a recent uptick in Bitcoin prices, Strategy’s decision to make this purchase at a higher average cost than its overall spending suggests a belief in Bitcoin’s potential for sustained growth rather than a temporary peak.
ATM Programs Driving Growth
During the same timeframe, Strategy has utilized its ATM equity programs to secure funds intended for both operational activities and further investments.
From May 26 to June 1, the company generated $74.6 million from these initiatives, comprising $36.2 million from the sale of 353,511 STRK shares and $38.4 million from 374,968 STRF shares.
Both series of preferred stock, launched earlier this year, feature appealing dividend yields of 8.00% and 10.00%, respectively, and have gained significant traction in the marketplace.
As of June 1, the capacity for future issuance remains robust, allowing for $20.68 billion in STRK and $2.05 billion in STRF, indicating a clear intention to harness these financial instruments for further growth and Bitcoin acquisitions.
Moreover, the company has announced quarterly cash dividends for both preferred share classes, granting $2.00 per share for STRK and approximately $2.64 per share for STRF, payable on June 30, 2025, to shareholders on record as of June 15. Notably, the dividend for STRF includes an accrual starting from the issuance date of March 25, signaling the firm’s focus on maintaining shareholder value alongside its Bitcoin-driven approach.
K33 Observes Slower Bitcoin Purchases as Company Premium Dwindles
K33 Research indicates that Strategy might be reducing its pace of Bitcoin purchases. In a recent filing, the company disclosed it had acquired 4,020 BTC between May 19 and May 25 for $427.1 million, utilizing funds from its ongoing $21 billion ATM offering.
However, the capital raised from this initiative has shown a downward trend, with only $348.7 million deployed in the latest week, a decrease from $705.7 million the week before and $1.31 billion in early May.
Vetle Lunde, Head of Research at K33, cites a dwindling premium for MSTR shares relative to the company’s Bitcoin reserves, accompanied by rising competition from other enterprises entering the Bitcoin treasury sector, as key factors contributing to the slowdown.
“The pace of ATM utilization is notably slower than during the initial round,” Lunde remarked.
Comparatively, between early November and mid-December, Strategy raised an astonishing weekly average of $2.13 billion, a significant contrast to more recent figures that average around $788 million.
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