MicroStrategy has completed a significant Bitcoin acquisition, purchasing 24,869 Bitcoin for approximately $2.01 billion at an average price of $80,985 per coin between May 11-17, 2026. This latest purchase has raised the company's total Bitcoin holdings to 843,738 BTC, surpassing BlackRock's estimated 817,000 BTC managed via ETFs and cementing MicroStrategy's position as one of the largest institutional Bitcoin holders globally. The acquisition was primarily funded through the sale of STRC perpetual preferred stock, generating $1.95 billion, with a smaller portion from common stock sales. Despite recent Bitcoin price volatility, MicroStrategy's Bitcoin reserves continue to hold an unrealized profit, supporting the company's continued accumulation strategy.
MicroStrategy is urging retail shareholders to vote on a proxy that would enable semi-monthly dividend payouts on the STRC perpetual preferred stock, moving away from monthly payments toward a twice-monthly cadence. The company argues this change would reduce reinvestment lag, bolster liquidity, improve market efficiency, and promote price stability for the security. Retail investors own approximately 80% of STRC, and the company frames the measure as designed specifically for this shareholder base. With the June 8 proxy deadline approaching, the campaign has escalated across MicroStrategy's social channels, including calls to vote and reminders about the potential benefits of semi-monthly distributions.
MicroStrategy has dramatically accelerated its Bitcoin accumulation strategy in 2026, with the latest purchase of 24,869 BTC representing a significant addition to its holdings. According to latest reports, this acquisition follows the company's dramatic acceleration in 2026, purchasing approximately 171,000 BTC in the first half alone - nearly 3x the entire planet's new Bitcoin supply produced by miners during the same period. The company's pace of acquisition now reaches unprecedented levels that could potentially settle the United States debt if Bitcoin achieves its full potential. Independent tracker Strc.live estimates that roughly 15,466 BTC were accumulated across four active trading days in the week of May 12–16, with a formal SEC 8-K filing expected Monday to confirm the number.
MicroStrategy's Bitcoin accumulation strategy relies on issuing preferred shares (STRC) that pay an 11.5% annual dividend. According to 99Bitcoins, on Thursday, May 16, STRC trading volume hit an all-time record of 15.1 million shares, topping the prior peak of 14.7 million shares set on April 14. The company also finances purchases through convertible notes, recently completing a ₹1.5 billion repurchase of its 2029 convertible notes, settling around May 19, yet this did not slow the buying cadence. The STRC machine continues to operate on dividend steroids, with investors creating a barbell effect by adding MSTY and MSTW for enhanced returns.
Approximately 80% of STRC is held by retail investors through major brokerages including Charles Schwab, Fidelity, and Robinhood, meaning ordinary investors are indirectly part of this accumulation engine. As reported by 99Bitcoins, MSTR shares trade at a premium to the underlying Bitcoin value, which makes new share issuance accretive rather than simply dilutive. However, this premium can compress, and when it does, the math gets uncomfortable fast for the company's Bitcoin accumulation strategy. The company's long-term bet on Bitcoin continues to attract investors who believe Bitcoin will not go to zero, with some allocating 50% of their portfolio to STRC for short-medium term savings. Despite the recent Bitcoin price volatility, MicroStrategy's CEO has hinted at possible future sales to preserve value, adding a strategic dimension to the ongoing accumulation strategy.
