Michael Saylor’s Strategy is in the news now after it accumulated an additional 535 BTC for $43 million. The new purchase happened at an average price of $80,340 per Bitcoin [BTC].
Thanks to this purchase, the total holdings of the largest Bitcoin digital asset treasuries (DATs) have reached 818,869 BTC – Worth $66.2 billion.
Strategy’s latest addition
The firm also reported that it has achieved a BTC yield of 9.4% so far in 2026. This figure is not based on the performance of the Bitcoin market, but rather on the growth in shareholders’ exposure to Bitcoin per share.
According to the figure, Strategy has effectively increased its Bitcoin holdings despite capital raise dilution.
The average price of the total 818,869 BTC was $75,540. This occurred at a time when Bitcoin was trading at $80,791.33, following a slight decline over the previous day. Here, it’s still worth noting that it hiked by more than 13% over the previous month.
Strategy’s Bitcoin holdings currently represent an estimated $4.30 billion in unrealized profits. As expected, this 535 BTC addition followed Saylor’s tease on 10 May.
MSTR and Open Interest analysis
MSTR benefited from this new Bitcoin purchase as well. As per Google Finance, it was priced at $195.94 at press time after rising by 4.45% over the previous day.
If one looks at the quarterly patterns, MSTR has surged by more than 50%, with Bitcoin increasing by almost 20%. This suggested that MSTR’s returns were about 2.5 times that of BTC.
Meanwhile, MSTR Open Interest has increased from almost $15 million to over $40 million since February, with the stock price recovering from about $120 to almost $190.
This implied that given the improving sentiment in the cryptocurrency market, traders are probably opening leveraged bullish positions on MSTR as a high-beta Bitcoin proxy.
Any underlying concerns?
However, the quick hike in leverage also suggested that volatility risks may be increasing. This, because a sharp drop in MSTR or Bitcoin could lead to massive liquidations and more volatile price swings.
Therefore, whether Strategy’s recent $43 million Bitcoin purchase represents a long-term breakout or merely another buy-the-dip move will depend on Bitcoin’s capacity to maintain its momentum.
Final Summary
- With Bitcoin trading above Strategy’s typical acquisition cost of $75,540, the firm reported estimated unrealized profits of $4.3 billion.
- MSTR is increasingly being seen by traders as a high-beta Bitcoin proxy.