MicroStrategy Inc. (MSTR), the business intelligence firm helmed by executive chairman Michael Saylor, has intensified its bitcoin buying strategy, recently acquiring 1,895 BTC for approximately $180.3 million.
The firm’s latest acquisition was completed at an average price of roughly $95,167 per bitcoin, pushing MicroStrategy’s total bitcoin reserves to about 555,450 BTC. The cumulative investment in these assets stands at approximately $38.08 billion. As of May 4, 2025, the company reports a BTC yield of 14.0% year-to-date in 2025. $MSTR $STRK $STRF
— Strategy (@Strategy) May 5, 2025
This recent purchase marks a significant step in MicroStrategy’s ongoing digital asset investment strategy. The firm’s average cost basis for its bitcoin holdings is now $68,550 per bitcoin. As current bitcoin prices are trading above this figure, MicroStrategy has noted a solid yield performance.
However, the announcement resulted in a slight dip for MSTR’s shares, which fell 3.9% on Monday. This acquisition aligns with Saylor’s enduring perspective that bitcoin serves as a superior store of value compared to traditional fiat currencies and commodities.
Leading the Market in Bitcoin Holdings
MicroStrategy has consistently accumulated bitcoin since embarking on its purchasing journey in 2020, pivoting its treasury management strategy towards digital assets. The latest acquisition, while smaller than previous bulk buys, continues the firm’s trend of strategically buying during bitcoin market consolidations.
By bolstering its bitcoin position, MicroStrategy is affirmed in its dedication to treating bitcoin as a foundational corporate asset amid the evolving landscape of institutional adoption. The strong performance of bitcoin in early 2025 has further bolstered the firm’s strategy, leading to increased market value and enhancing shareholder confidence.
With its expansive bitcoin portfolio now well surpassing initial expenditures, MicroStrategy’s approach aligns with its thesis of bitcoin as a viable long-term hedge against inflation and a lucrative appreciating asset.
Despite cautionary perspectives regarding the risks tied to concentrated investments in such volatile commodities, the firm’s track record has shown favorable returns, igniting discussions on how other corporations might start integrating digital assets into their treasury strategies.
Capital Strategy and Accumulation Draw Scrutiny
Underpinning MicroStrategy’s stock performance is a robust and aggressive acquisition model that merges software revenue with sophisticated capital market activities. Notably, in April, MicroStrategy made headlines by acquiring over $1.9 billion in bitcoin through two major transactions.
On April 28, the company revealed a substantial acquisition of 15,355 BTC for $1.42 billion, translating to an average price of $92,737 per bitcoin.
This move further solidifies MicroStrategy’s position in the cryptocurrency market and raises questions about whether rival firms will adopt a similar strategy.
