Strategy has acquired 6,556 Bitcoin for $555.8 million, increasing total holdings to 538,200 BTC. This purchase was financed through recent stock offerings. Bitcoin performance has yielded significant returns, yet the company’s strategy faces criticism from analysts warning of potential losses due to rising average purchase costs positioned against market declines.
Strategy, formerly known as MicroStrategy, has expanded its Bitcoin portfolio by acquiring 6,556 Bitcoin (BTC) for a total expenditure of $555.8 million. This acquisition was financed through proceeds from two at-the-market (ATM) stock offerings, which involved selling 1.76 million shares of its Class A common stock and over 91,000 shares of its preferred stock series, STRK, between April 14 and April 20. The common stock sale generated $547.7 million, while the preferred shares added $7.8 million to their funds.
Following this acquisition, Strategy’s total Bitcoin holdings now stand at 538,200 BTC, which were purchased at an average price of $67,766 per coin. The company has demonstrated a consistent buying pattern of Bitcoin, particularly under the leadership of executive chairman Michael Saylor. Notably, their previous Bitcoin purchase occurred on April 14 when the firm added 3,459 BTC after a week-long pause.
The performance of Bitcoin has yielded significant returns for Strategy. For the quarter-to-date, Bitcoin has achieved a yield of 1%, while year-to-date, it has generated a remarkable 12.1% yield, leading to an impressive gain of $455 million from the acquisition of 5,209 BTC during the current quarter. Overall, the year-to-date gains from Bitcoin have reached $4.72 billion, highlighting the asset’s strong performance in 2025.
Despite these gains, Strategy’s Bitcoin acquisition strategy has faced criticism. Prominent crypto critic Peter Schiff has warned that ongoing Bitcoin purchases could lead to financial losses for the company. As Strategy continues to buy Bitcoin, its average purchase cost increases, which could become problematic if Bitcoin’s value declines. Schiff emphasises that while the company currently enjoys a “paper gain” of around 25%, further drops in Bitcoin’s price might result in the average purchase cost exceeding the current market price, putting the company at risk of holding its Bitcoin position at a loss due to lower market values.
