Saylor just bought another $2.54B of Bitcoin

Saylor’s latest “hold my coffee” moment

Michael Saylor did what Michael Saylor does: he doubled down on Bitcoin like the “are you sure?” prompt didn’t exist. Strategy bought 34,164 BTC for $2.54 billion, which is the company’s biggest single-day purchase ever.

The stack keeps getting absurd

That puts Strategy at 815,061 Bitcoin, a stash the company says is worth about $61.6 billion. In other words, this isn’t just a corporate treasury strategy anymore — it’s basically a giant, highly caffeinated Bitcoin bet with a public company attached to it.

• Average purchase price: $74,395 per coin
• Blended cost basis: $75,527
• Pre-market move in MSTR: down 1.9%

That’s the fun part of owning a stock tied to Bitcoin: when BTC sneezes, MSTR catches a cold in a tailored blazer.

The STRC angle matters too

Alongside the buy, Strategy is trying to tweak its STRC preferred dividend from monthly to twice-monthly payments while keeping the 11.5% annualized yield. The pitch is classic Saylor: smoother cash flow, less drama, more liquidity. Shareholders will vote at the June 8 annual meeting.

Why investors should care

This is still one of the cleanest ways to express a big, loud opinion on Bitcoin without buying the coin itself. If BTC bounces toward the bullish Polymarket scenarios, Strategy looks like a genius. If Bitcoin rolls over toward the downside bets, critics like Peter Schiff will have a field day and MSTR holders get to find out how much leverage feels like on the way down.

Big picture: Strategy is making the same bet, just at a bigger and bigger scale. And at this point, the company’s balance sheet reads less like a balance sheet and more like a very expensive conviction statement.