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Strategy buys 535 bitcoin for $43 million days after signaling potential BTC sales
Last week’s purchases were funded by sales of the company’s common stock.
May 11, 2026, 12:17 p.m. 1 min read
What to know:
- Strategy purchased 535 bitcoin for about $43 million last week at an average price of $80,340 per coin.
- The company has spent roughly $61.8 billion on its bitcoin at an average cost of $75,540 per coin.
- MSTR shares rose 1% pre-market trading.
Last week’s purchases were funded by $42.9 million raised through sales of the company’s preferred stock, according to a May 11 SEC filing.
This purchase follows Strategy’s first-quarter earnings call, where the company said it was prepared to sell bitcoin to repay convertible debt or fund dividend obligations, provided the move remains accretive on a bitcoin-per-share basis.
MSTR shares rose more than 1% in pre-market trading.
