TLDR
- Public companies added a net 43,557 BTC during May 2026.
- Total disclosed and acquired holdings reached 51,045 BTC before sales.
- Strategy purchased 25,404 BTC, remaining the largest corporate holder.
- Strategy sold 32 BTC in June, representing just 0.004% of holdings.
- Michael Saylor said Strategy will “never be a net seller of Bitcoin.”
Public companies expanded their Bitcoin holdings in May, adding 43,557 BTC on a net basis. BitcoinTreasuries.net reported that firms disclosed or acquired 51,045 BTC before the month’s sales. At Bitcoin’s May 31 price of $73,579.69, the net additions carried a value of about $3.2 billion.
Strategy and Strive Accelerate Bitcoin Purchases Through Preferred Shares
Strategy remained the largest public Bitcoin holder during May. The company acquired 25,404 BTC and retained the top position among corporate treasury holders.
The company also disclosed a sale of 32 BTC in early June. However, the amount represented only 0.004% of its total holdings.
Executive Chairman Michael Saylor described the transaction as routine capital management. He said Strategy plans to buy 10 to 20 BTC for every coin sold.
Saylor stated that the company will “never be a net seller of Bitcoin.” Meanwhile, CEO Phong Le said sales occur only when they improve Bitcoin per share.
Strategy financed most purchases through its STRC preferred shares. The company generated $1.95 billion from at-the-market offerings during May.
The firm maintained a 27% capture rate against total STRC trading volume. At the same time, STRC reached a market capitalization of $10.5 billion.
The preferred share also recorded roughly $375 million in average 30-day liquidity. That level exceeded comparable preferred shares from major banks.
Strive posted one of the fastest growth rates among Bitcoin treasury companies. The company added 1,943 BTC during May and purchased another 2,500 BTC on June 2.
Those acquisitions increased Strive’s holdings by about 30.5% over one month. In comparison, Strategy expanded its Bitcoin position by roughly 10%.
Strive funded purchases through its SATA preferred shares program. The company raised an estimated $276 million through ATM offerings in May.
On May 29, Strive recorded its largest single-day ATM raise. The session generated about $87 million, enough for roughly 1,180 BTC.
CEO Matt Cole announced daily SATA dividend payments beginning June 16. He called SATA “the first listed security in the history of U.S. capital markets to pay cash dividends every single business day.”
SpaceX Disclosure Expands Corporate Bitcoin Treasury Rankings
SpaceX delivered the largest single Bitcoin treasury disclosure during the reporting period. The company revealed holdings of 18,712 BTC before its expected June 12 public listing.
The disclosed position represented more than one-third of all treasury additions before sales during May. As a result, SpaceX is expected to enter the top ten corporate Bitcoin rankings.
The report identified SpaceX as a new participant in the public treasury landscape. Its disclosure added one of the largest Bitcoin balances among listed firms.
American Bitcoin also moved higher in the rankings during May. The company acquired 500 BTC and climbed to the No. 15 position.
Corporate treasury accumulation continued throughout the month despite lower Bitcoin prices. Bitcoin remained about 42% below its all-time high at month-end.
Strategy also secured shareholder approval for changes to STRC dividends on June 8. The company will shift to twice-monthly payments to support liquidity and trading stability.
