Public Bitcoin treasury holdings posted one other robust month in Could, with firms throughout sectors including or disclosing 51,045 BTC earlier than gross sales, or 43,557 BTC internet, in response to BitcoinTreasuries.internet’s Could 2026 Company Adoption Report.
On the Could 31 worth of $73,579.69 per coin, these internet additions have been price $3.2 billion — extending a months-long accumulation streak at the same time as Bitcoin sat roughly 42% under its all-time excessive.
Technique maintained its place on the high of the leaderboard, buying 25,404 BTC in Could and holding the No. 1 spot amongst all public firms by Bitcoin treasury measurement. 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 complete 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 its STRC most well-liked shares, producing $1.95 billion in ATM proceeds in Could from the instrument and sustaining a 27% seize fee towards complete STRC buying and selling quantity for the month.
STRC now carries a $10.5 billion market cap — the biggest of any tradeable most well-liked share on this planet — and boasts $375 million in 30-day common liquidity, roughly 23 to 25 occasions extra liquid than the next-largest comparables, together with most well-liked shares from Wells Fargo and Financial institution of America.
Try’s SATA breaks its personal bitcoin data
Whereas Technique led in uncooked quantity, Try drew probably the most consideration for progress fee. The corporate added 1,943 BTC in Could and one other 2,500 BTC on June 2, for a mixed complete 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 present stack in a single month, in comparison with Technique’s 10% over the same interval.
The engine behind the shopping for spree was Try’s SATA most well-liked shares, which raised an estimated $276 million in ATM proceeds throughout Could — accounting for 12.4% of all digital credit score ATM gross sales by greenback worth. Try broke its personal single-day ATM file on Could 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 would start paying SATA dividends each enterprise day beginning June 16, turning 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 response to 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 worth nearer to its $100 par worth, scale 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 Could.
The corporate is anticipated 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 Could, in response to the report.