Well, Strategy, the company formerly known as MicroStrategy, just went and did it again. They bought a whole bunch more Bitcoin. Like, a serious amount. Between April 21 and April 27, they scooped up another 15,355 Bitcoin (BTC). That set them back about $1.42 billion. The average price they paid per Bitcoin during that stretch was $92,737. They told the government (that’s the SEC, the Securities and Exchange Commission) all about it in a report called an 8-K filing.
- Strategy (formerly MicroStrategy) continues its aggressive Bitcoin acquisition strategy, purchasing an additional 15,355 BTC for $1.42 billion in late April. This purchase further solidifies their position as a major holder of Bitcoin among publicly traded companies.
- As of April 27, 2025, Strategy holds a total of 553,555 BTC, representing a significant portion of the total Bitcoin supply. These holdings are currently valued at over $52 billion, with an average purchase price of $68,459 per Bitcoin.
- To finance these acquisitions, Strategy is utilizing its “21/21 plan,” which involves raising capital through the sale of company stock and debt. The goal is to accumulate $42 billion for further Bitcoin purchases, demonstrating a strong commitment to Bitcoin as a core asset.
So, where does that leave them? Strategy now holds a grand total of 553,555 BTC. That’s worth over $52 billion right now. They’ve spent around $37.9 billion in total to get all that Bitcoin, including fees and other costs. The average price they paid across all their buys is about $68,459 per Bitcoin. Their boss, Michael Saylor, shared the updated numbers himself. It’s kind of wild to think about. That much Bitcoin is more than 2.6% of all the Bitcoin that will ever exist (there will only be 21 million total). And get this, they’re sitting on something like $14 billion in gains, just on paper for now.
How did they pay for this latest haul? They sold some of their own company shares. Specifically, they sold shares of their regular stock, called MSTR, and a special kind of stock called perpetual strike preferred stock (it’s a type of company share that pays out forever and has a set price), known as STRK. They sold 4,020,000 MSTR shares, which brought in about $1.4 billion. They don’t have many MSTR shares left to sell under that plan now, only about $128.7 million worth. They also sold 435,069 STRK shares for about $37.5 million. They still have a ton of STRK shares they could sell later, over $20 billion worth.
These STRK shares, and another type called STRF, are part of a bigger plan Strategy has. They call it the “21/21 plan.” The idea is to raise a total of $42 billion by selling company stock and taking on debt, all to buy more Bitcoin. It’s a pretty straightforward goal, really: get money, buy Bitcoin.
Michael Saylor, the guy who really loves Bitcoin, hinted that another purchase was coming. He often does this by updating their company’s Bitcoin tracker online. He posted an update on Sunday, saying something simple but famous in the crypto world: “Stay humble. Stack sats.”
Strategy has acquired an additional 15,355 BTC for ~$1.42B at an average price of $92,737 per bitcoin. As of 4/27/25, Strategy holds 553,555 BTC acquired for ~$37.9B at an average price of $68,459 per bitcoin.
https://x.com/saylor/status/1916825375155380688
Before this latest buy, Strategy had just bought a bunch more Bitcoin too. Between April 14 and April 20, they picked up 6,556 BTC for about $555 million. That buy happened at an average price of $84,785 per Bitcoin. That’s what brought their total holdings up to 538,200 BTC before this newest purchase.
The Corporate Bitcoin Club Gets Crowded
Buying Bitcoin isn’t just Strategy’s thing anymore. It seems like everyone wants in on the action. The race among companies to pile up Bitcoin is really heating up. Just last week, some big names like Cantor Fitzgerald, SoftBank, Bitfinex, and Tether said they were planning to start a huge Bitcoin buying project worth $3.6 billion. They’re joining other companies like Semler Scientific, KULR, and Metaplanet who have also decided buying Bitcoin is a good company strategy. Strategy and Michael Saylor really kicked this whole idea off.
This new project is setting up a company called Twenty One. They’re calling it a “Bitcoin-native” public company, meaning it’s built specifically around Bitcoin. The guy in charge will be Jack Mallers, who runs Strike, a Bitcoin payment company. Twenty One plans to start with over 42,000 BTC. They’re telling people they’ll be quicker and better at using money to buy Bitcoin compared to Strategy. That’s according to some analysts who study these things.
These analysts looked at the paperwork Twenty One filed with the government (the SEC). They pointed out a key difference between Twenty One and Strategy. As Strategy buys more and more Bitcoin, each new dollar they spend has less and less effect on how much Bitcoin each share of Strategy’s stock represents. Think of it like adding a drop of water to a full bucket versus an empty one. Twenty One, starting fresh, says it’s a “pure play” on Bitcoin. They say they’ll run their business in a way that’s all about Bitcoin. They also plan to use two easy-to-understand numbers: Bitcoin Per Share (BPS) and Bitcoin Return Rate (BRR). These are simple tools to show how much Bitcoin each share is worth and how fast that value grows over time. It’s like having a clear scorecard for their Bitcoin holdings.
Twenty One also has plans for the future. They want to create ways for people to borrow or invest using Bitcoin within their company. They plan to start a platform where you can lend Bitcoin. And they want to teach big investors and regular folks about Bitcoin and give advice. It sounds like they have a lot on their plate.
Michael Saylor recently chatted with a couple of other guys, Jeff Park from Bitwise and Larry Cermak who runs The Block website, in an online talk. They spent an hour talking about why this growing trend of companies adopting a “Bitcoin Standard” is a big deal. It seems like more and more people are starting to pay attention.
Speaking of Strategy, their regular stock, MSTR, finished up 5.2% on Friday, closing at $368.71. This happened as both the regular stock market and the crypto market bounced back a bit. Bitcoin itself went up more than 8% last week. On Monday morning, before the market officially opened, MSTR was up a little more, about 0.7%. Looking at the whole year so far, MSTR is up a good amount, 22.9%. The whole company is worth about $98.1 billion right now.