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- Strategy finalizes $180M bitcoin purchase after exhausting MSTR equity under its 21/21 capital plan.
- New 42/42 Plan targets $42B in fresh capital as Strategy ramps up long-term bitcoin acquisition goals.
- Firm now holds over 555K BTC valued at $52.2B, despite a $4.2B Q1 loss under updated accounting rules.
Strategy purchased much Bitcoin through its completed MSTR stock sale program. Between April 28 and May 4, the company bought 1,895 bitcoins, which amounted to around $180 million.
According to a filing with the U.S. Securities and Exchange Commission, the average purchase price was $95,167 per bitcoin. The company raised this money by selling all available shares within its MSTR common stock program that previously belonged to the terminated 21/21 Plan.
During the week, Strategy sold 353,825 shares of MSTR common stock. From selling 575,392 shares through its STRK perpetual preferred stock share offering, the company received $180.3 million. The company directly invested this capital in its latest Bitcoin acquisition.
Strategy launched the 21/21 Plan in October 2024 to create $21 billion from debt and equity, which funded bitcoin procurement. The equity component of the plan reached its full deployment before receiving official closure.
Strategy Shifts to New Capital Plans as Bitcoin Holdings Expand
The new capital plan from Strategy incorporates the STRK preferred stock program announced in March 2025. This capital program continues to run independently from the 21/21 strategy, with $20.87 billion available under its current operations.
Strategy implements the 42/42 Plan as its new comprehensive capital guideline to keep its operations moving forward. As part of its 42/42 Plan, the company aims to acquire bitcoin by 2027 using $42 billion in equally distributed equity and debt funding.
The company uses perpetual STRF preferred stock to bolster operations for bitcoin acquisitions. The capital instruments do not rely on the 21/21 or 42/42 plans to operate.
The recent transaction brought Strategy’s bitcoin portfolio to 555450 coins worth $38.08 billion. Under current market conditions, these bitcoin holdings, worth $52.2 billion, generated a total unrealized gain of $14.2 billion.
Strategy purchased more bitcoin shortly after it announced first-quarter financial results. Unrealized losses from bitcoin valuation actions after new accounting standards caused the company to report a $4.2 billion net loss.
The completion of the MSTR sale program marked the beginning of new funding methods for Strategy to pursue its intensified bitcoin deployment strategy. The 42/42 Plan officially declares increased expansion plans for the company over the next few years.
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