Strategy (formerly MicroStrategy) added another 535 bitcoins (BTC) to its treasury in a series of purchases from May 4 to May 10, spending approximately $43.1 million as the digital asset’s price consolidated below key technical levels.
The acquisitions, made at an average price of $80,340 per coin, were detailed in a May 11 report. This latest buy reinforces the company's aggressive accumulation strategy, which has made it the largest corporate holder of Bitcoin. The move comes as Bitcoin trades in the $80,800 range, below its 200-day simple moving average of around $82,755, a key level watched by traders.
This purchase increases Strategy's total known holdings to over 818,000 BTC, an amount equivalent to nearly 4% of the total circulating supply. The firm’s approach contrasts with the diverse strategies seen across other corporate treasuries. For instance, while Capital B recently raised $17.8 million to expand its Bitcoin treasury, other firms like Nakamoto have implemented derivatives programs to hedge downside risk, and Genius Group recently sold its entire BTC holdings to service debt.
Strategy's unwavering buying provides a steady source of demand for Bitcoin, offering a bullish counterpoint to mixed institutional ETF flows and broader market consolidation. This disciplined accumulation stands out as other companies, such as C2 Blockchain, are beginning to explore treasury strategies focused on newer Bitcoin-native assets like those based on the Runes protocol, rather than BTC itself.
This article is for informational purposes only and does not constitute investment advice.
