MicroStrategy boosts Bitcoin holdings with $43M purchase and $206M preferred stock raise

MicroStrategy executive chairman Michael Saylor said the company’s plan to sell Bitcoin to fund dividend payouts is economically immaterial. Between May 4 and May 10 the firm bought 535 BTC for roughly $43 million at an average price of $80,340, raising its total Bitcoin holdings to about 818,869 BTC at an average cost basis of $75,540 per coin.

On the same day the company’s STRC perpetual preferred‑stock program raised over $206 million by issuing 2.12 million shares at a $100 par value. At current Bitcoin prices the proceeds could purchase roughly 2,540 BTC. The STRC instrument is designed to stay near its $100 target, with dividend yields that rise when the price falls and are cut when the price reaches parity, redirecting capital into Bitcoin purchases.

Economist Peter Schiff publicly criticized the STRC offering, arguing that marketing a Bitcoin‑linked security to retirees breaches SEC antifraud rules. MicroStrategy has not responded. The Senate Banking Committee is slated to markup the Digital Asset Market Clarity Act on May 14, a key step toward potential passage of the legislation later this month.