The combined Bitcoin holdings of publicly traded companies surged in May, with a net increase of 43,557 BTC over the month, according to data from BitcoinTreasuries.net. The total volume of corporate purchases and pending acquisitions prior to any sales reached 51,045 BTC. With Bitcoin closing May at $73,579.69, this net growth represented a value of roughly $3.2 billion.
Strategy leads with top monthly purchase
Strategy maintained its status as the largest corporate holder of Bitcoin, purchasing 25,404 BTC in May alone. The company also disclosed the sale of 32 BTC at the beginning of June, a volume reflecting just 0.004% of its total assets.
Chairman Michael Saylor described this sale as part of routine capital management, emphasizing the company’s plan to acquire between 10 and 20 BTC for every 1 BTC it sells, ensuring it remains a net buyer.
Company executives explained that such sales only occur if they enhance the Bitcoin-per-share metric for shareholders. Strategy financed most purchases through its STRC preferred share issuance, raising $1.95 billion in the market during May alone.
Mini glossary: Preferred shares are securities with special rights separate from common stock. They typically offer fixed or rule-based dividends and allow companies to raise equity-like financing.
Strategy’s STRC transactions made up 27% of the total volume. STRC’s market capitalization rose to $10.5 billion, and its average liquidity over the past 30 days reached approximately $375 million, surpassing that of similar preferred shares from major banks.
Strive posts fastest portfolio growth
Another corporate Bitcoin holder, Strive, stood out in May with remarkable portfolio growth. The company added 1,943 BTC during the month and made an additional purchase of 2,500 BTC on June 2. This brought Strive’s monthly Bitcoin increase to around 30.5%, in contrast to Strategy’s growth rate of roughly 10% over the same period.
Strive funded its purchases through the SATA preferred share program. The firm raised an estimated $276 million via market operations in May, with the largest single-day influx occurring on May 29, totaling about $87 million—enough to acquire approximately 1,180 BTC at prevailing rates.
CEO Matt Cole announced that starting June 16, SATA will begin distributing daily dividends, making it the first listed security in US capital markets to pay cash dividends every business day.
SpaceX disclosure reshapes corporate leaderboard
One of the most notable single disclosures of the reporting period came from SpaceX, which revealed a holding of 18,712 BTC. This amount accounted for more than a third of all corporate Bitcoin acquisitions recorded before any sales in May. The announcement is expected to propel SpaceX into the top ten institutional Bitcoin holders worldwide.
Meanwhile, American Bitcoin purchased 500 BTC during the same period, moving up to the fifteenth spot in the corporate rankings. These institutional acquisitions continued, even as the Bitcoin price ended May roughly 42% below its all-time high. Additionally, on June 8, Strategy obtained shareholder approval to adjust the STRC dividend structure and will now pay dividends twice monthly to enhance liquidity and transaction stability.
