MSTR Buys 24,869 BTC for $2.01B; Goldman Sachs Exits XRP and Solana ETFs

Huoxing Finance, citing BBX data, said Thursday brought major updates on corporate Bitcoin accumulation and shifting Wall Street crypto allocations. 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, paying an average of $80,985 per coin. The transaction was the second-largest weekly Bitcoin purchase of 2026. The company financed the acquisition through equity sales, including 19.5 million shares of STRC preferred stock for roughly $1.949 billion in net proceeds and 430,000 shares of MSTR common stock for about $837 million in net proceeds. As of May 17, Strategy's Bitcoin holdings rose to 843,738 BTC. Total acquisition cost stands at approximately $63.87 billion, implying an average cost of $75,700 per BTC and a year-to-date BTC yield of 12.6% for 2026. Separately, Goldman Sachs Group, Inc. (NYSE: $GS) filed its Q1 2026 Form 13F, showing it fully sold its XRP ETF positions—previously valued at about $153.8 million across products from Bitwise, Franklin Templeton, Grayscale, and 21Shares—and also exited Solana ETFs previously worth around $108 million. The firm cut its Ethereum ETF exposure by roughly 70% to about $114 million. Goldman maintained Bitcoin ETF holdings near $700 million, including roughly $690 million in iShares Bitcoin Trust ($IBIT) and about $25 million in Fidelity's FBTC, representing a modest 10% reduction from the prior quarter. The filing also shows Goldman increased stakes in Circle Internet Group, Inc. (NYSE: $CRCL), Galaxy Digital Inc. (NASDAQ: $GLXY), and Coinbase Global, Inc. (NASDAQ: $COIN), underscoring a pivot away from altcoin ETFs toward crypto infrastructure equities.