MicroStrategy now owns approximately $66 billion worth of Bitcoin – around 818,869 coins – making it the company with the largest Bitcoin holdings globally. They continue to add to this reserve, and the tool they use to purchase Bitcoin recently hit a new high.
A New Kind Of Funding Tool
On Thursday, trading in STRC, the company’s Variable Rate Series A Perpetual Stretch Preferred Stock, reached a record high of $1.53 billion – the most it has ever traded in a single day.
Michael Saylor, Chairman of Strategy, shared that the company has reached a record high in available funds. This comes from its preferred stock, nicknamed ‘Stretch,’ which has become Strategy’s primary way of raising money for future Bitcoin purchases in 2026, especially as other funding options have become more limited.
Over the last year, it’s become more expensive for the company to borrow money through senior convertible notes and sell stock directly to investors. As a result, they’re now mainly relying on preferred stock to raise capital.
All-time high volume. $1.53B of liquidity. Two cents of volatility. Closed at par. $STRC
— Michael Saylor (@saylor) May 14, 2026
Stretch provides investors with an 11.5% dividend payment without affecting the value of existing shares. This allows the company to raise money without diluting the ownership of current shareholders.
According to data from STRC.live, Strategy’s trading on Thursday likely generated about $735 million. This amount could potentially allow them to buy approximately 9,066 Bitcoin, though it’s currently unknown if they plan to do so.
The Broader Bitcoin Buying Spree
Strategy has been rapidly increasing its Bitcoin purchases. They’ve acquired 56,770 Bitcoin since April and over 101,000 since March, recovering from a slower pace of buying in February.
Bitcoin’s price increase has been beneficial: the recent surge to approximately $81,000 exceeded Strategy’s average buy-in price of $75,543, increasing the value of their Bitcoin holdings by 7%.
On May 5th, during an earnings call, Saylor stated his goal is for Stretch to become the world’s leading credit tool.
The company reported a net loss of $1.25 billion for the first quarter, largely due to a drop in Bitcoin’s price. However, with Bitcoin’s price now recovering, the situation has improved.
I’ve been watching Strive make a really interesting move. They announced that people who hold their preferred stock, called SATA, will start getting daily dividends on June 16th. That’s faster than the monthly payouts Stretch offers, which is pretty appealing as an investor – getting paid more frequently is always a plus!
Metaplanet, a company based in Tokyo, has been purchasing Bitcoin by issuing special types of stock called MARS and MERCURY to raise capital.
A Crowded Field With One Giant
Almost 200 publicly traded companies now own Bitcoin, but Strategy currently holds far more than any other. With over 818,000 coins, its Bitcoin holdings are significantly larger than all other companies combined, and they continue to buy more. They are currently funding these purchases through preferred stock.
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2026-05-15 14:11