Saylor Says 'Back To Work' As Strategy Buys 535 Bitcoin For $43M

Bitcoin 2026-05-12 16:26

Saylor Says 'Back To Work' As Strategy Buys 535 Bitcoin For M

Strategy purchased 535 Bitcoin (BTC) for about $43 million last week, lifting its corporate stack to 818,869 coins.

Strategy Resumes Bitcoin Buying

The firm disclosed the acquisition in a Form 8-K filing on Monday.

Executive Chairman Michael Saylor confirmed the buy on X, pegging the average price at $80,340 per coin. The purchase covered the week of May 4 through May 10, and it ended a one-week pause that marked the firm's first skipped Monday buy in months.

Saylor signaled the return with a Sunday post captioned "Back to work."

Strategy funded the buy almost entirely through its at-the-market equity program, selling 231,324 MSTR shares for roughly $42.9 million. A small $100,000 slice came from STRC preferred share sales.

Also Read: Tom Lee Calls Crypto Spring As Bitmine Stakes $11.1B In ETH

Saylor Defends Bitcoin Sales Hint

The acquisition arrives one week after Saylor told investors that Strategy may offload a portion of its Bitcoin stack to cover STRC dividends.

He framed any sale as a demonstration of capability rather than a strategic shift.

Saylor reiterated the position on Sunday, arguing that 2.3% annual appreciation would be enough to fund those dividends indefinitely. He rejected critic comparisons to a Ponzi structure. The firm now holds 818,869 BTC at a $61.86 billion cost basis, with a year-to-date yield of 9.4%.

Bitcoin Recovery Lifts Position

Strategy spent much of early 2026 underwater on portions of its holdings after Bitcoin slipped from its October 2025 peak near $126,000. The token bottomed close to $63,000 in February, climbed back through April, and now trades near $81,000, above Strategy's cost basis.

Spot ETF flows have driven the rebound, with CoinShares data showing $857.9 million in digital asset fund inflows last week, the sixth straight positive week.

Read Next: Sui Rallies 37% As Nasdaq Firm Locks Up 2.7% Of Supply

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This content is for informational purposes only and does not constitute investment advice.

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