Strategy continues to increase its aggressive Bitcoin purchases. According to company executive Michael Saylor, the company snapped up new 13,390 BTC for about $1.34 billion, paying an average of $99,856 per coin. This raises the total number of companies to 568,840 BTC. This is a bunch of them, accounting for 2.7% of Bitcoin’s 21 million blocks.
Large Bitcoins are purchased for nearly 100k
According to the report, the latest purchase volume of the strategy is less than $100,000 per Bitcoin. This time they spent $1.34 billion. This is not the first big buy in 2025. On May 5, they paid $95,167 for 1,895 BTC, while on April 28, they paid $92,737 for 15,355 BTC. It shows that they buy at different prices. However, each buy is close enough to $100,000 to attract headlines.
Average cost increases
The average price per coin for the strategy rose from $68,550 to $69,287. This transformation is important. A higher cost basis means they need a larger price move to break. Peter Schiff, a well-known gold advocate, warned that their next purchase could drive an average of over $70,000. He believes that if Bitcoin is below its weighted cost, once sold, small paper losses will turn into real losses.
The strategy acquired 13,390 BTC for $99,856 per Bitcoin, with a BTC yield of 15.5% YTD 2025. As of 5/11/2025, we HODL 568,840 $ btc Acquisitioned for approximately $39.41 billion, $69,287 per Bitcoin. $ MSTR $ strk $ strf
— Michael Saylor (@saylor) May 12, 2025
Quick returns from recent purchases
The company highlights 15.5% of Bitcoin production in the year so far. “Rate of Return” is really just the benefit between today’s spot price and its cost basis. For example, the May 5 buy has already made $16.8 million in just six days, earning 9.32%. Profits from purchases on April 28 were about $177.1 million, or 12.47%. Even on April 14 of 3459 BTC, the $82,618 lot made $74 million, or 25.88%.
Debt risk and market weight
It is worth noting that the strategy does not directly pay cash. They use a mix of debt and equity. If Bitcoin drops, it adds the bet. So far, $39.41 billion has been spent, with an average of $69,287 per coin. At today’s price (which is about to reach $104,000), the stock is worth about $59.2 billion, or about $19.8 billion unrealized gains. However, if prices retreat, these gains may shrink rapidly.
The ruthless buying of strategies also brought coins out of the open market. Every time there is a large purchase, the exchange will have fewer coins left. Some analysts say supply and support prices can be tightened. Others believe that when the market turns, real tests will come. Even large players like the strategy will feel the heat if demand cools down and holders start selling.
Featured images from Unsplash, charts for TradingView
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