MSTR buys 24,869 BTC for $2.01B in a week; Goldman exits XRP and Solana ETFs

ChainCatcher reports that BBX data shows two major moves spanning corporate Bitcoin accumulation and Wall Street's crypto positioning. Strategy, Inc. (NASDAQ: $MSTR) disclosed in an SEC Form 8-K that it purchased 24,869 BTC between May 11 and May 17 for about $2.01 billion, at an average price of $80,985. The purchase ranks as the second-largest weekly buy in 2026. The company financed the acquisition through the sale of 19.5 million shares of STRC preferred stock (net proceeds of about $1.949 billion) and 430,000 shares of MSTR common stock (net proceeds of about $837 million). As of May 17, Strategy's Bitcoin holdings rose to 843,738 BTC, with a total acquisition cost of roughly $63.87 billion (average cost of $75,700), translating into a 2026 year-to-date BTC yield of 12.6%. Goldman Sachs Group, Inc. (NYSE: $GS) disclosed in its Q1 2026 Form 13F that it fully sold its XRP ETF positions—previously valued at about $153.8 million across Bitwise, Franklin Templeton, Grayscale, and 21Shares—and exited Solana ETFs entirely (previously about $108 million). The bank also cut its Ethereum ETF exposure by about 70% to roughly $114 million. Bitcoin ETF holdings were largely maintained at about $700 million, including roughly $690 million in iShares Bitcoin Trust ($IBIT) and about $25 million in Fidelity's FBTC, a modest 10% reduction from the prior quarter. The filing also shows increased stakes in Circle Internet Group, Inc. (NYSE: $CRCL), Galaxy Digital Inc. (NASDAQ: $GLXY), and Coinbase Global, Inc. (NASDAQ: $COIN), pointing to a shift from altcoin ETFs toward crypto infrastructure equities.