Public Bitcoin treasury holdings posted one other sturdy month in Might, with corporations throughout sectors including or disclosing 51,045 BTC earlier than gross sales, or 43,557 BTC internet, in keeping with BitcoinTreasuries.net’s Might 2026 Company Adoption Report.
On the Might 31 value of $73,579.69 per coin, these internet additions had been price $3.2 billion — extending a months-long accumulation streak whilst Bitcoin sat roughly 42% under its all-time excessive.
Strategy maintained its place on the prime of the leaderboard, buying 25,404 BTC in Might and holding the No. 1 spot amongst all public corporations by Bitcoin treasury dimension. However its dominance drew extra scrutiny this month after the corporate disclosed a sale of 32 BTC in early June — a determine so small it amounted to 0.004% of its whole holdings, however one which marked its first disclosed sale since briefly promoting 704 BTC in 2022.
Government chair Michael Saylor framed the sale as routine capital administration, saying the corporate intends to purchase 10 to twenty BTC for each one it sells and can “by no means be a internet vendor of Bitcoin.” CEO Phong Le added that gross sales will happen when accretive to Bitcoin per share — not out of monetary misery.
Technique funded the majority of its purchases by means of its STRC most popular shares, producing $1.95 billion in ATM proceeds in Might from the instrument and sustaining a 27% seize fee towards whole STRC buying and selling quantity for the month.
STRC now carries a $10.5 billion market cap — the most important of any tradeable most popular share on this planet — and boasts $375 million in 30-day common liquidity, roughly 23 to 25 instances extra liquid than the next-largest comparables, together with most popular shares from Wells Fargo and Financial institution of America.
Try’s SATA breaks its personal bitcoin information
Whereas Technique led in uncooked quantity, Try drew essentially the most consideration for progress fee. The corporate added 1,943 BTC in Might and another 2,500 BTC on June 2, for a mixed whole of 4,443 BTC over roughly one month — a determine equal to 30% of its prior holdings.
That tempo outstripped Technique’s personal ratio: Try added Bitcoin equal to 30.5% of its current stack in a single month, in comparison with Technique’s 10% over an identical interval.
The engine behind the shopping for spree was Try’s SATA most popular shares, which raised an estimated $276 million in ATM proceeds throughout Might — accounting for 12.4% of all digital credit score ATM gross sales by greenback worth. Try broke its personal single-day ATM report on Might 29, elevating an estimated $87 million in a single session — sufficient shopping for energy for roughly 1,180 BTC. The corporate has since introduced it’s going to start paying SATA dividends each enterprise day beginning June 16, changing into what CEO Matt Cole described as “the primary listed safety within the historical past of U.S. capital markets to pay money dividends each single enterprise day,” in keeping with the bitcointreasuries.netreport.
Technique adopted with its personal dividend shift, successful shareholder approval on June 8 for twice-monthly STRC payouts — a change meant to stabilize STRC’s buying and selling value nearer to its $100 par worth, cut back cyclical quantity drops round ex-dividend dates, and enhance liquidity.
Bitcointreasuries.internet additionally touched on the month’s largest single disclosure coming from SpaceX, which revealed holdings of 18,712 BTC forward of its anticipated June 12 IPO — representing greater than one-third of all public treasury additions earlier than gross sales in Might.
The corporate is predicted to enter the highest ten public Bitcoin treasury leaderboard on its IPO date. American Bitcoin, in the meantime, climbed to No. 15 after including 500 BTC in Might, in keeping with the report.
