Strategy records smallest weekly BTC buy of 2026

Strategy purchased 535 bitcoin between May 5 and May 11, its smallest weekly buy of 2026. The company paid about $43 million, or roughly $80,340 per coin, bringing total holdings to 818,869 BTC. The blended cost basis is about $75,540 per coin and cumulative spending on bitcoin is about $61.86 billion. Strategy’s BTC Yield metric stood near 9.4% year-to-date.

The purchase continues a four-week slowdown in corporate buying. For the week ending April 20 the firm acquired 34,164 BTC, which fell to 3,273 BTC the next week, then paused ahead of first-quarter 2026 earnings before returning with the 535 BTC purchase. BTC Yield was 5.6% in mid-April, rose to about 9.5% after the large April acquisition and has since edged down to 9.4%.

Company filings and comments show equity dilution from at-the-market stock offerings and issuance of $STRC preferred stock has begun to offset gains from smaller Bitcoin purchases. That dilution has reduced the net effect of incremental buys on the firm’s per-share bitcoin growth metric.

On the May 5 earnings call, CEO Phong Le and Michael Saylor outlined conditions under which the firm would sell bitcoin: to fund $STRC dividends and for tax-management purposes, provided sales outpace new equity issuance. Michael Saylor told the earnings call, “We’ll probably sell some Bitcoin to fund a dividend just to inoculate the market and send the message that we did it.” Shares fell about 3% after the disclosure.

Executives expect to be net buyers over time and set an internal target of purchasing 10 to 20 bitcoins for each coin sold. They described future activity as active balance-sheet management, where preferred stock issuance, dividend obligations and tax needs will affect weekly purchases.

Market participants will monitor whether weekly purchases return to earlier levels, whether the company executes tactical sales to fund dividends, and how $STRC issuance evolves alongside dividend commitments.