**Bitcoin Strategy Acquires $765 Million in Additional Bitcoin**
**Meta Description:** Strategy has purchased 7,390 Bitcoin for $765 million, boosting its total holdings to 576,230 BTC amid rising institutional interest.
**URL Slug:** bitcoin-strategy-acquisition-765-million
**Bitcoin Strategy Acquires $765 Million in Additional Bitcoin**
In a significant move to bolster its Bitcoin holdings, Strategy has acquired 7,390 Bitcoin for approximately $764.9 million, as disclosed in a Form 8-K filed with the Securities and Exchange Commission. This acquisition, which took place between May 12 and May 18, reflects the company’s ongoing commitment to an aggressive Bitcoin accumulation strategy, particularly in light of increasing institutional adoption of cryptocurrency.
The Bitcoin was purchased at an average price of $103,498 per coin, funded through a combination of stock offerings. Strategy successfully raised $705.7 million through an at-the-market (ATM) offering of Class A common stock, alongside an additional $59.7 million from the issuance of 621,555 shares of Series A STRK preferred stock.
This latest acquisition elevates Strategy’s total Bitcoin holdings to 576,230 BTC, valued at approximately $59 billion based on current market prices. The average purchase price across all Bitcoin holdings now stands at $69,726 per coin, with a total investment of $40.18 billion.
However, this announcement comes amid legal challenges, as Strategy faces a class action lawsuit filed on May 16 in the U.S. District Court for the Eastern District of Virginia. The lawsuit, initiated by Anas Hamza, alleges that the company and its executives, including Michael Saylor, Phong Le, and Andrew Kang, made misleading statements regarding the risks associated with its Bitcoin investment strategy. The complaint covers the period from April 30, 2024, to April 4, 2025, claiming that the defendants failed to adequately disclose information about the anticipated profitability of their Bitcoin strategy and potential losses due to new accounting standards. Strategy has stated its intention to vigorously defend against these claims.
In 2025, Strategy has significantly expanded its Bitcoin acquisition program, utilizing two ATM offerings totaling $42 billion—a $21 billion common stock program initiated on May 1 and a $21 billion preferred stock program. As of May 18, approximately $18.98 billion remains available under the common stock ATM and $20.79 billion under the preferred stock ATM.
As the largest corporate holder of Bitcoin, Strategy’s holdings represent a substantial portion of the total Bitcoin supply in circulation. The company continues to execute its strategy of converting excess cash flow and raising capital to acquire additional Bitcoin, despite facing market volatility and legal challenges.
**FAQ**
**What is the significance of Strategy’s recent Bitcoin acquisition?**
Strategy’s acquisition of $765 million in Bitcoin underscores its commitment to expanding its cryptocurrency holdings amid growing institutional interest, positioning it as a major player in the Bitcoin market.