Strategy Inc. Executive Chairman Michael J. Saylor and CEO Phong Le have accumulated a Bitcoin treasury now valued at approximately $65 billion. As of May 24, 2026, the Tysons Corner-based firm holds 843,738 BTC, representing roughly 4% of the total fixed supply of 21 million tokens. This milestone follows a sustained acquisition program that began in August 2020, intended to maximize long-term shareholder value and serve as a hedge against inflation.
The company, which rebranded from MicroStrategy Incorporated in February 2025 to reflect its primary focus on digital assets, has maintained its status as a major corporate holder of the cryptocurrency. By mid-May 2026, the portfolio’s value reached nearly $65 billion with the Bitcoin price trading above $76,500. This massive accumulation has contributed to a year-to-date Bitcoin yield of 12.6% for the firm’s shareholders as of late May.
The total cost of these holdings was recorded at approximately $58.02 billion as of early April 2026. However, continued aggressive buying has shifted the financial profile of the reserves. While bitcoin exchange supply maintains multi-year lows, Strategy Inc. has continued to absorb available coins, further consolidating its position as a central player in the digital asset market.
Detailed breakdown of major Bitcoin purchase history
The scale of Strategy Inc.’s treasury is the result of several multi-billion dollar deployments, particularly during late 2024. The firm’s largest single announced purchase occurred on November 25, 2024, when it acquired 55,500 BTC for $5.4 billion. Just one week prior, on November 18, the company added 51,780 BTC to its balance sheet at a cost of $4.6 billion.
The acquisition strategy has remained active even at higher price points, with the average purchase price reaching over $75,700 per Bitcoin by May 18, 2026. This is a significant increase from the average of $66,384.56 reported on April 27, 2026. Executive Chairman Michael J. Saylor has famously characterized this high-conviction approach as “buying the top forever.”
Historical data shows the company’s entry into the market was much more modest. In August 2020, the initial investment consisted of 21,454 BTC at an average price of roughly $11,654, totaling approximately $250 million. These early purchases represent a fraction of the current total, as the firm executed three separate billion-dollar buys in December 2024 alone to expand its holdings.
Corporate identity and the transition to the Bitcoin standard
The 2025 rebranding was a pivotal moment for the Virginia-headquartered firm, signaling its full transition into a Bitcoin-focused entity. This corporate evolution helped secure the company’s inclusion in the Nasdaq-100 index, effective December 23, 2024. This listing has provided the company with increased exposure to institutional investors looking for regulated vehicles to gain cryptocurrency market access.
Other global financial institutions are beginning to follow suit, though at a significantly smaller scale. For instance, Italy’s largest bank exceeded $200M in Bitcoin exposure through ETFs recently, highlighting the contrast with Strategy Inc.’s direct ownership model. The firm’s 2025 Bitcoin yield reached 24.7%, illustrating the internal benchmarks the company uses to measure the success of its treasury policy.
The firm has utilized various capital-raising methods to fund these purchases, including cash flow from its legacy software operations. Despite the scale of the debt and equity used to fuel the strategy, the company continues to hold its assets for the long term. This approach persists even when bitcoin price analysis shows rejections at key resistance levels, as the firm prioritizes asset accumulation over short-term price movements.
Current portfolio status and recent 2026 acquisition activity
The most recent activity involves a purchase of 24,869 BTC announced on May 24, 2026. While the specific spend for this transaction was not detailed in the latest reports, it ensured the total holdings remained at 843,738 BTC following other portfolio adjustments. This persistent buying pressure remains the cornerstone of the company’s financial identity under the leadership of CEO Phong Le.
In April 2026, the company reported a total cost of $58.02 billion for its holdings, which at current prices above $76,500, places the firm in a position of substantial unrealized profit. The firm’s strategy of using Bitcoin as a primary reserve asset is now being watched by treasury managers worldwide as a test case for corporate digital asset adoption.
As Strategy Inc. enters the mid-point of 2026, its influence on the Bitcoin market is undeniable, holding nearly one out of every 25 Bitcoins that will ever exist. With a year-to-date yield of 12.6%, the company continues to outperform many traditional treasury benchmarks. The focus remains on the long-term storage of value, with no evidence of the firm straying from its established Bitcoin-first model.