{"id":43349,"date":"2026-05-11T12:18:40","date_gmt":"2026-05-11T12:18:40","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43349"},"modified":"2026-05-11T12:18:40","modified_gmt":"2026-05-11T12:18:40","slug":"strategy-mstr-buys-43-million-more-bitcoin-after-saylor-defends-potential-btc-sales","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43349","title":{"rendered":"Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nStrategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales<\/a><\/p>\n

<\/div>\n

Strategy (NASDAQ: MSTR) purchased<\/a> 535 bitcoin for approximately $43.0 million at an average price of $80,340 per coin, the company disclosed Monday in a Form 8-K filing. The firm now holds 818,869 BTC, acquired for roughly $61.86 billion at an average cost of $75,540 per bitcoin, and has recorded a bitcoin yield of 9.4% year-to-date in 2026.<\/p>\n

The acquisition was funded through $0.1 million raised via Strategy\u2019s STRC ATM program and $42.9 million from its MSTR ATM offering.<\/p>\n

The purchase comes six days after executive chairman Michael Saylor told<\/a> investors on the company\u2019s Q1 earnings call that Strategy was prepared to sell a portion of its bitcoin holdings for the first time. This statement drew immediate scrutiny from a market that had long viewed the company\u2019s accumulation strategy as one-directional.<\/p>\n

Saylor: End every year with more bitcoin than you started<\/h2>\n

Saylor moved to contain the narrative over the weekend. In a podcast interview, he said that for every bitcoin sold, the company would buy 10 to 20 more. \u201cYou should be a net accumulator of bitcoin,\u201d he said<\/a>. \u201cYou want to end every year with more bitcoin than you started.\u201d Monday\u2019s purchase suggests the buying has not slowed.<\/p>\n

The backdrop is financial pressure. Bitcoin fell 23% in Q1 2026 \u2014 from $87,500 to $67,700 \u2014 and under FASB fair value accounting rules adopted in January 2025, Strategy is required to mark its full bitcoin position to market each quarter. In Q1, that produced<\/a> a $12.54 billion unrealized loss running directly through the income statement. More than 434,000 of the company\u2019s coins were purchased above $80,000, generating a $7.6 billion unrealized loss and a $2.2 billion deferred tax asset at a 29% effective tax rate.<\/p>\n

It is that deferred tax asset \u2014 not a change of heart \u2014 that explains Saylor\u2019s openness to selling. The same move was made before<\/a>. On Dec. 22, 2022, Strategy sold 704 BTC at $16,776 per coin and repurchased 810 BTC two days later in a tax-loss harvesting maneuver designed to carry capital losses back against prior gains. The structure now is larger, but the logic is identical.<\/p>\n

CEO Phong Le put the decision framework on the record during the earnings call. \u201cI believe in math over ideology,\u201d Le said. \u201cAt the point where selling bitcoin versus selling equity to pay a dividend is better for our bitcoin-per-share, and for our common shareholders, we will do it.\u201d<\/p>\n

The company carries $8.2 billion in convertible debt and owes $1.5 billion annually in dividend obligations tied to its perpetual preferred stock, STRC. Both create real cash demands that equity issuance alone may not always cover at favorable terms.<\/p>\n

Bitcoin per share \u2014 the ratio of total BTC holdings to diluted shares outstanding \u2014 remains the metric every financing decision runs through. JPMorgan analysts wrote last week that if Strategy maintains its current pace, total bitcoin purchases in 2026 could reach approximately $30 billion.<\/p>\n

Strategy\u2019s bitcoin and software business <\/h2>\n

The company\u2019s software division, long treated as background noise, is gaining attention. Le said Q1 2026 was its strongest quarter in a decade, with revenue up 12%. Strategy has built an internal AI infrastructure layer called<\/a> \u201cMosaic\u201d and is rebuilding core workflows using multiple AI models. \u201cI\u2019m sometimes asked why a bitcoin treasury company should also operate a software business,\u201d Le wrote Sunday on X. \u201cThe two create powerful and unique synergies.\u201d<\/p>\n

MSTR shares closed up 4.31% Friday at $187.59. The stock has gained 41.7% over the past month, though it remains down 18.9% over the past six months. In pre-market trading Monday, shares were up roughly 1%. Bitcoin traded around $81,000.<\/p>\n

On Sunday evening, Saylor posted<\/a> two words to X: \u201cBack to work. BTC.\u201d He has made similar posts before prior purchase announcements. Monday\u2019s filing confirmed the pattern.<\/p>\n

This post Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales Strategy (NASDAQ: MSTR) purchased 535 bitcoin for approximately $43.0 million at an average price of $80,340 per coin, the company disclosed Monday in a Form 8-K filing. The firm now holds 818,869 BTC, acquired for roughly $61.86 billion at an […]<\/p>\n","protected":false},"author":1,"featured_media":43350,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-43349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"\nStrategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=43349\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine Strategy (MSTR) Buys $43 Million More Bitcoin After Saylor Defends Potential BTC Sales Strategy (NASDAQ: MSTR) purchased 535 bitcoin for approximately $43.0 million at an average price of $80,340 per coin, the company disclosed Monday in a Form 8-K filing. 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