TechFlow, May 28 — According to The Block, Strategy (formerly MicroStrategy) has continued actively purchasing bitcoin recently, though the pace of acquisition has clearly slowed. As reported Tuesday by Vetle Lunde, Head of Research at K33, this trend is primarily attributed to two factors: a narrowing premium of Strategy’s Class A common stock (MSTR) over its bitcoin holdings, and increasing competition among corporate bitcoin treasuries.
Between May 19 and 25, Strategy acquired 4,020 bitcoins for approximately $427.1 million, at an average price of $106,237 per bitcoin. Of this amount, $348.7 million came from proceeds under its latest $2.1 billion ATM program—significantly less than the $705.7 million used the prior week and the $1.31 billion deployed between May 5 and 11.
Over 70 companies now employ some form of bitcoin treasury strategy, including recent entrants such as Twenty One, Nakamoto, and Trump Media & Technology Group. Strategy currently holds 580,250 bitcoins, valued at over $63.3 billion, representing approximately 2.75% of bitcoin’s total supply.
