What Ho, Old Bean! Strategy’s Bitcoin Binge Continues with a Whopping 535 BTC Splash

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Well, I say, old chap, it appears that Strategy, that intrepid fellow in the world of finance, has been up to its old tricks again. In a move that would make even the most seasoned investor raise an eyebrow (and perhaps a glass of the finest champagne), the company has chucked another 535 Bitcoins into its already bulging treasury. And what did this little escapade set them back? A mere $43 million, give or take a few shillings. Dash it all, that’s what I call a spot of shopping!

This latest spree comes hot on the heels of their Q1 2026 earnings call, where the chaps at Strategy were busy batting away speculation about their Bitcoin sales strategy. Executive Chairman Michael Saylor, the chap who’s made a name for himself as the high priest of “hodling,” found himself in a bit of a pickle after suggesting they might, just might, sell a bit of Bitcoin to fund dividends. Good grief! The internet nearly had a collective stroke, what with Saylor’s previous proclamations of “never sell your Bitcoin” ringing in everyone’s ears.

But fear not, dear reader, for Saylor was quick to clarify. In a podcast interview, he assured the world that any sales would be strictly tactical, a mere blip in their grand scheme of things. “Even if we were to sell one Bitcoin,” he declared with a flourish, “we’d be buying 10 to 20 more.” By Jove, that’s what I call playing both ends against the middle!

With this latest purchase, Strategy’s Bitcoin holdings now stand at a staggering 818,869 BTC, acquired at an average cost basis of $75,540. That’s a cool $66.5 billion at current prices, or nearly 3.9% of all the Bitcoin that will ever exist. Saylor, ever the showman, announced the purchase on X with his signature chart, tracking the company’s Bitcoin-per-share accretion. “Strategy has acquired 535 BTC for ~$43.0 million at ~$80,340 per bitcoin,” he trumpeted, “and has achieved BTC Yield of 9.4% YTD 2026. As of 5/10/2026, we hodl 818,869 $BTC acquired for ~$61.86 billion at ~$75,540 per bitcoin. $MSTR $STRC.”

Now, some might say this is all a bit much, what with the company’s STRC program and its whopping 11.5% annual dividend yield. But Strategy’s CEO Phong Le was quick to reassure everyone that Bitcoin sales would only occur in specific, limited contexts-funding dividend yields, deferring taxes, and when sales would be accretive to Bitcoin per share. “Neither sales nor purchases should materially affect Bitcoin’s market price,” he added, “given our roughly 4% ownership of total BTC supply.” Phew, that’s a relief!

And let’s not forget the company’s BTC Yield metric, which has delivered a 9.4% return year-to-date. Not too shabby, eh? Strategy’s disciplined approach to Bitcoin accumulation, funded through a mix of common equity, preferred stock issuances, and operational cash flow, has turned them into the world’s largest corporate holder of the asset. By Jove, they’re the Jeeves of the Bitcoin world, always one step ahead.

So, there you have it, old sport. Strategy continues to march to the beat of its own drum, undeterred by market volatility or the occasional raised eyebrow. As Saylor himself might say, “Bitcoin is digital capital, the optimal reserve asset for a modern treasury company.” And who are we to argue with that? Now, if you’ll excuse me, I’m off to see if I can scrounge up a few Bitcoins of my own. Toodle-pip!

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2026-05-11 15:23