Strategy Acquires 13,390 Bitcoin For $1.34 Billion At $100K Price Level

Strategy purchased 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, according to a filing with the US Securities and Exchange Commission published on May 12. The acquisition took place as Bitcoin reclaimed the $100,000 price level on May 8, with purchases made at an average price of $99,856 per coin. This latest buy has increased Strategy's total Bitcoin holdings by 2.4% to 568,840 BTC, acquired for approximately $39.4 billion at an average price of $69,287 per Bitcoin.

Strategy funded the purchase primarily through the sale of 3,222,875 MSTR shares for about $1.31 billion and issued 273,987 STRK shares for $25.1 million. Following this acquisition, Strategy met its previous 2025 Bitcoin yield target of 15%, with co-founder Michael Saylor announcing that the company's BTC yield has reached 15.5%. The firm has since raised its yield target to 25% for the remainder of 2025, signaling continued confidence in its Bitcoin strategy.

Institutional Bitcoin Adoption Accelerates

Strategy's aggressive Bitcoin accumulation represents the continuation of institutional adoption trends that have gained momentum throughout 2024 and 2025. The company now holds over 2.7% of Bitcoin's fixed supply of 21 million coins, with its holdings valued at over $59 billion at current prices. CoinCentral reports that this latest purchase follows several other significant acquisitions, including a recent buy of 1,895 BTC for $180.3 million at $95,167 each and an earlier April purchase of over 15,000 BTC at roughly $92,737 per unit.

The broader institutional interest in Bitcoin extends beyond Strategy. Bitcoin ETFs have seen substantial inflows, with over $117 million entering the market on May 8 alone. CoinTelegraph notes that these inflows were led by BlackRock's IBIT ($69 million), Fidelity's FBTC ($35 million), and ARK's ARKB ($13 million), demonstrating continued institutional commitment despite recent market volatility.

According to analyst data from CoinTelegraph, Bitcoin's correlation with the Nasdaq reached 0.75, indicating the growing influence of tech market sentiment on cryptocurrency prices. This strengthening relationship between traditional and crypto markets suggests that Bitcoin is becoming more integrated into mainstream investment portfolios.

Market Context And Future Projections

Bitcoin's return to the $100,000 threshold comes after several months of fluctuation since first breaking this level in December 2024. The milestone represents a significant achievement for the cryptocurrency, which has faced headwinds from global economic uncertainty and shifting monetary policies.

Market analysts remain divided but generally optimistic about Bitcoin's prospects for the remainder of 2025. Swan Bitcoin CEO Cory Klippsten predicts the BTC price could reach $109,000 by June, according to CoinPedia. More bullish projections from prediction markets suggest even higher targets, with Polymarket data indicating a potential price of $138,000 by the end of 2025, as reported by FinanceMagnates.

While positive sentiment dominates, not all market participants share this outlook. Peter Schiff, a well-known Bitcoin critic, responded to Saylor's announcement by predicting that Strategy's next purchases would push its average cost above $70,000, potentially leading to losses if Bitcoin's price drops below this threshold. Schiff expressed concern about Strategy's borrowing to fund Bitcoin purchases, suggesting that "small paper losses will become huge real losses" if the company needs to sell.

Traditional Finance Adapts To Cryptocurrency Growth

The sustained performance of Bitcoin above $100,000 has accelerated adaptation from traditional financial institutions. Regulatory clarity has improved significantly in 2025, with both the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) issuing guidance that makes it easier for banks to engage in cryptocurrency activities.

In March 2025, the FDIC rescinded previous requirements for prior notification, clarifying that banks may engage in permissible crypto-related activities without specific approval, as detailed by the FDIC. Similarly, the OCC confirmed that national banks can provide crypto-asset custody and participate in blockchain networks, according to its March 2025 guidance.

These regulatory changes have enabled more traditional banks to explore cryptocurrency services. A January 2025 report from [PymntsThe integration of blockchain technology by major banks signals growing recognition of the potential benefits beyond cryptocurrencies themselves. Projects like JPMorgan's Liink network, the Canton Network, and the Versana Platform demonstrate how financial giants are leveraging blockchain to enhance efficiency and reduce costs.

Global Implications For Financial Markets

Bitcoin's sustained performance above $100,000 carries significant implications for global financial markets. With a market capitalization exceeding $2 trillion, Bitcoin now ranks among the world's most valuable assets, alongside gold and major tech companies like NVIDIA, Apple, Microsoft, Alphabet, and Amazon, as noted by Reuters.

The pro-crypto stance of the current US administration has created a more favorable environment for digital asset adoption. According to CNBC, Bitcoin "remains buttressed by a pro-crypto Trump administration along with hungry buying from spot-ETF investors." This supportive regulatory environment, combined with persistent institutional interest, has helped Bitcoin outperform traditional US equity benchmarks in 2025.

However, challenges remain, including potential geopolitical tensions, inflation concerns, and the Federal Reserve's monetary policy. The strength of the US dollar and rising global conflicts could test Bitcoin's resilience in the coming months. As noted by CNBC, these factors will likely continue to influence cryptocurrency markets throughout 2025.

Related Reading on BTC Peers

For readers interested in understanding the regulatory landscape for cryptocurrencies globally, BTC Peers offers the Global Bitcoin Policy Index (GBPI). This comprehensive resource tracks regulatory developments across different jurisdictions, providing valuable insights for investors navigating the evolving cryptocurrency ecosystem. The index helps identify countries with favorable regulatory frameworks for Bitcoin and other digital assets, which can inform investment and business decisions in the cryptocurrency space.