
Bitcoin Traders Step Back In After Longest Deleveraging Since 2022
Bitcoin traders are coming back after an eight-month deleveraging phase, signaling renewed risk appetite.

Strategy has acquired 535 BTC for $43 million, increasing its total holdings to 818,869 BTC valued at over $66 billion. The average acquisition price stands at $75,540 per bitcoin, despite a recent $12.5 billion loss due to declining BTC prices.
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Michael Saylor’s business intelligence software giant, which turned into a massive bitcoin buyer, missed the mark last week but promised to return with more BTC accumulation. It made it official minutes ago, announcing the latest substantial acquisition of 535 BTC for $43 million. The total stash has grown to 818,869 BTC, acquired for almost $62 billion. It’s worth noting that Strategy’s position has turned green as the average acquisition price stands at $75,540, and its holdings’ current value is up to over $66 billion as of press time.
Strategy has acquired 535 BTC for ~$43.0 million at ~$80,340 per bitcoin and has achieved BTC Yield of 9.4% YTD 2026. As of 5/10/2026, we hodl 818,869 $BTC acquired for ~$61.86 billion at ~$75,540 per bitcoin. $MSTR $STRC
— Michael Saylor (@saylor) May 11, 2026 Today’s announcement comes shortly after Strategy’s Q1 results from last week, which outlined a substantial $12.5 billion loss mostly due to bitcoin’s declining price in that period. Separately, the firm’s former CEO and co-founder, Michael Saylor, attracted some controversy earlier this month when he hinted that Strategy could sell some BTC to cover operational costs or pay dividends to shareholders. It was a bit of a surprise for most investors as he had previously sworn not to sell any BTC. The topic went viral, and many industry participants weighed in. Some, such as Samson Mow, believe Strategy has the right to sell to fulfill its obligations to investors. Agne Linge, Advisor to the Board at Wefi, told *CryptoPotato* that if Saylor and his company decide to sell, it would be a “calculated decision” rather than issuing new shares to fund dividend payments. “I think the market for Bitcoin is rather mature, considering the players that are involved now- institutionals, seasoned long-term traders, therefore they understand that Mr. Saylor is running strategies for his corporation,” Linge added.
Strategy paid approximately $43 million for its latest acquisition of 535 BTC.
Strategy's total Bitcoin holdings are valued at over $66 billion.
The $12.5 billion loss was primarily due to the declining price of Bitcoin during the previous quarter.

Bitcoin traders are coming back after an eight-month deleveraging phase, signaling renewed risk appetite.

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