- The strategy bought 535 Bitcoin for $43 million from May 4-10.
- The company now holds 818,869 bitcoins at an average cost of $75,540 per coin.
- BTC’s year-to-date return reached 9.44% on the latest purchase.
The strategy added 535 BTC to the company’s treasury between May 4 and 10, paying out nearly $43 million at an average price of $80,340 per coin.
acquisition, Announce By CEO Michael Saylor on X The company’s total holdings reach 818,869 BTC as of May 10, 2026.
The purchase was funded through the company’s ongoing capital raising programs, and the weekly buying pattern strategy continues through most of 2026.
The latest purchase brings the strategy’s year-to-date BTC return to 9.44% and adds to the stack that was acquired for approximately $61.86 billion on a cumulative cost basis.
The strategy’s recent Bitcoin purchase adds 535 coins
The 535 BTC purchase is one of the smallest purchases made by the strategy in recent weeks. The deal was completed at an average price of $80,340 per coin, with total expenses coming to approximately $42.98 million.
The purchasing window covered the seven days between May 4 and 10, with an application date of May 11. The strategy has maintained a weekly cadence of Treasury purchases for most of 2026, with the size of each tranche tied to the cash the company has raised. Funds were raised through market equity programs, preferred stock issuances, and convertible bond offerings during the same period.
The 535-coin figure follows a much larger buying strategy of 3,273 bitcoins introduced on April 27, when the company paid approximately $254.99 million at an average price of $77,906 per coin.
Before that, the company made a purchase of 34,164 bitcoin on April 20, the largest single tranche of 2026 so far at a total cost of about $2.54 billion.
Saylor confirmed the purchase in a post on They have also generated a 9.4% return on BTC year to date.
Holdings exceed 818,000 BTC and 3.9% of the total supply
With the latest purchase, Strategy now has 818,869 BTC across the company’s treasury, equivalent to 3.899376% of the total fixed supply.
The company has been the largest single holder of assets for several years and remains so by a wide margin.
The cumulative cost basis of the staking is approximately $61.86 billion, with an average cost of $75,540 per coin.
At the current price, the property carries a Bitcoin Net asset value $66.52 billionwith unrealized gains on the position reaching the low-single-digit billions of dollars.
The strategy’s measure of treasury performance, known as BTC yield, has reached 9.44% year-to-date through May 10, with the quarter-to-date ratio at 5.80%.
This measure tracks the change in Bitcoin held per diluted share, with profit from purchases financed by the issuance of equity and debt during the period.
The company’s year-to-date BTC gains are 63,481.99 coins, with a dollar value of about $5.16 billion.
The figure for BTC’s quarterly gain so far stands at 44,193.01 coins, which equates to about $3.59 billion in dollar terms. Sats per basic share are now 233,176, with Sats per diluted share at 213,391.
The pace of purchasing Bitcoin during the months of April and May
The strategy’s Bitcoin accumulation pace through April sets the tone for Q2 2026. The April 6 filing added 4,871 BTC at $67,718 per coin for $329.85 million.
The April 13 filing brought 13,927 BTC worth $71,902 for $1.00 billion. The April 20 filing then netted 34,164 BTC at $74,395 for $2.54 billion in one week, the largest weekly addition of the year so far.
The April 27 deposit added 3,273 BTC worth $77,906 for $254.99 million, with the May 11 deposit closing at 535 BTC for $42.98 million.
Together, the five purchases added 56,770 BTC to the company’s treasury over five weekly windows, taking holdings from 766,970 BTC at the beginning of April to 818,869 BTC by May 10.
The cost basis trend across recent purchases moves with the overall Bitcoin price. The strategy paid $67,718 for the April 6 tranche, with the figure rising to $80,340 by the May 4 to May 10 window.
The five-week average purchase was approximately $73,335 per coin.
Earlier in the year, larger weekly purchases were introduced in January and March. The January 20 submission added 22,305 BTC at $95,284 each, while the March 16 submission brought in 22,337 BTC at $70,194 USD, and the March 9 submission brought in 17,994 BTC at $70,946 USD.
Several small purchases of less than 1,500 BTC were made during February, as Bitcoin prices remained in a narrower range before larger purchases resumed in March and April.
Stock performance, net asset value, and debt position
Strategy stock, which trades under the ticker MSTR, closed at $187.59, up 4.31% over the session. Shares are up 48.8% over the past three months, although the one-year return remains at negative 53.7%.
The total return since the company began the Bitcoin treasury strategy in August 2020 is a positive 1,417.7%.
The company’s total market capitalization reached US$65.88 billion at the close of the last session, with an enterprise value of US$85.36 billion.
The net asset value per underlying share was $189.41, with EV mNAV at 1.28x. The Bitcoin NAV number is located close to the company’s market capitalization. This also puts the stock close to the value of its underlying holdings.
On the balance sheet, the strategy had $8.21 billion in total debt outstanding and $13.52 billion in total preferred stock outstanding at the May 10 reporting date, versus $21.74 billion in fixed income capital structure.
The debt-to-BTC NAV ratio is 0.12x, with a leverage ratio of 12.4% and a leverage ratio of 32.7%.
Debt Size and Preferred Stack track the financing model the strategy has used to grow its Bitcoin holdings without diluting common shareholders beyond a controlled rate.
The company has managed a mix of equity issuances, preferred stock and convertible debt since the start of 2024. Proceeds from each capital event also went directly to weekly Bitcoin purchases.
Total holdings now stand at 818,000 coins. The strategy is set to provide its next weekly buying update on or around May 18.
The company’s buying cadence remains holding through May 10, and the company continues to rely on its capital programs to fund the next tranche.
