Institutional Whale Gobbles Up $765M in Bitcoin—Now Holds 576,000 BTC as Treasury Diversification Accelerates
Another day, another nine-figure Bitcoin buy from the suits. This time it’s a $765 million splurge—pushing total holdings past 576,000 BTC. Guess those ’volatile asset’ PowerPoint slides got lost in the boardroom shuffle.
Key moves:
- Treasury shift accelerates: The ’digital gold’ narrative keeps eating into traditional reserve strategies
- Stacking sats like it’s 2021: This brings the entity’s total Bitcoin war chest to ~$39 billion at current prices
- Wall Street’s worst-kept secret: Every correction gets bought harder than the last
Funny how ’risky’ assets become essential portfolio fixtures once you’re holding enough to sink a small nation’s economy. Next stop: 600k BTC or a very awkward congressional hearing.
Strategy holds 2.7% of BTC’s supply
With a total spend of $40.2 billion, Strategy’s bitcoin position—now worth over $59 billion—represents more than 2.7% of the cryptocurrency’s total 21 million supply.
The company is targeting $42 billion in bitcoin purchases by 2027, as part of its expanded “42/42” capital strategy.
Bitcoin is currently trading at around $103,000. MSTR shares fell 2.3% in pre-market trading Monday.
Strategy’s lawsuit
Separately, Strategy disclosed a new class action lawsuit filed May 16, alleging the firm misled investors and failed to disclose risks tied to its bitcoin strategy and new crypto accounting rules.
The company said it will contest the claims but acknowledged uncertainty around potential outcomes.
Meanwhile, corporate Bitcoin adoption is rising. Over 70 traditional firms now report BTC treasury exposure, including Metaplanet, Semler Scientific, and Tether-backed venture Twenty One, which recently announced a $3.6 billion bitcoin-focused initiative.
