Background: Michael Saylor's company, Strategy (formerly MicroStrategy), disclosed through regulatory filings submitted to the U.S. Securities and Exchange Commission that it purchased an additional 1,895 bitcoins between April 28 and May 4, 2024, spending approximately 180 million USD, with an average price of 95,167 USD per bitcoin.

Main Event: The funds for this purchase came from capital raised through the company's ongoing stock sale program. During the week, the company sold 353,825 shares of common stock (MSTR) and 575,392 shares of preferred stock (STRK), raising a total of 180.30 million USD. The previous "21/21 Plan" common stock sale quota was exhausted and terminated, and the company launched the new "42/42 Plan," aiming to raise 42 billion USD by 2027 for future bitcoin purchases.

Holdings and Financial Performance: Currently, Strategy holds 555,450 bitcoins at a total cost of approximately 38.08 billion USD, valued at about 52.20 billion USD at current prices, with an unrealized gain of around 14.20 billion USD. Despite a net loss of 4.20 billion USD reported in the first quarter, mainly due to unrealized losses on bitcoin holdings, analysts remain optimistic due to the company's scale advantages and innovative financing tools.

Industry Dynamics: Strategy remains the largest corporate bitcoin holder, but other companies such as Cantor Fitzgerald and SoftBank have also begun joining the bitcoin investment arena, driving industry development.

Special Note: The content mentions SoSoValue.

Michael Saylor's Strategy (formerly MicroStrategy) purchased an additional 1,895 bitcoin for about $180 million between April 28 and May 4, according to a regulatory filing with the Securities and Exchange Commission on Monday. The company paid an average price of $95,167 per bitcoin.The funds came from selling its own shares through ongoing stock sale programs. During the week, Strategy sold 353,825 shares of its common stock (MSTR) and 575,392 shares of its preferred stock (STRK), raising a total of $180.3 million to finance the bitcoin purchase.The MSTR common stock sale program — launched in October 2024 under Strategy's "21/21 Plan" — targeted $21 billion in equity capital for bitcoin acquisitions and is now depleted and terminated. Separately, the STRK perpetual preferred stock sale program, launched in March 2025 with a $21 billion capacity, is not part of the 21/21 Plan. As of May 4, $20.87 billion in STRK capacity remains available.With the 21/21 Plan's MSTR capacity now deployed, Strategy recently introduced the "42/42 Plan," aiming to raise another $42 billion — split evenly between equity and debt — through 2027 to fund future bitcoin purchases. The company also issues STRF perpetual preferred stocks, which is separate from both capital plans and is also used to fund bitcoin purchases.With the latest buy, Strategy now holds 555,450 bitcoin, acquired for a total of $38.08 billion and now worth roughly $52.2 billion at current prices. That's more than 2.6% of bitcoin's total supply and implies around $14.2 billion in paper gains.The latest purchase comes shortly after Strategy reported first-quarter earnings last week, missing both top-line and bottom-line estimates. The company posted a $4.2 billion net loss, driven largely by around $6 billion in unrealized losses on its bitcoin holdings during the first quarter under new fair value accounting rules. Despite its lower-than-estimated financial results, analysts remain bullish on Strategy due to its unmatched scale in bitcoin ownership, innovative capital-raising instruments, and institutional investor appeal.Strategy remains the dominant corporate holder of bitcoin, though others are quickly joining in. Last month, Cantor Fitzgerald, SoftBank, Bitfinex and Tether announced plans to launch a $3.6 billion bitcoin venture called Twenty One Capital. Companies like Semler Scientific, KULR and Metaplanet have also adopted bitcoin as part of their treasury strategy.

Strategy company purchases an additional 1,895 bitcoins, increasing holdings to 555,450 bitcoins.