Michael Saylor’s Strategy, one the largest Bitcoin corporate investors in the world, has added to its BTC stash as Bitcoin’s price surged briefly above $110,000.
Strategy acquires 4,020 BitcoinBTCBetween May 19-23, the company purchased a total of $427.1 millions. announced The 26th of May is a holiday.
Bitcoin was used to make the latest Bitcoin purchases. The average purchase price per coin is $106,237. smashing past $110,000 The 22nd of May is a holiday.
This is the fourth Bitcoin acquisition by Strategy this month. Strategy now has 580 250 BTC total, purchased for $40.61 Billion at a price per coin of approximately $69,979.
MSTR share sales by the Strategy Director: 2,650 MSTR Shares
Jarrod Patrick, Strategy’s Director of Strategy, sold a string of Class-A products before acquiring the Bitcoin.
According Patten, according to a Strategy Report on the sale of Securities that was filed May 22nd, sold 2650 MSTR Shares between the dates of May 16-21st for a total of nearly $1.1million.
Patten sold 17,050 shares of Class A worth a total $6.7million since April 22.
Andrew Kang (Strategy’s Chief Financial Officer) sold 2,185 shares of Class A on May 23 for $719,447. according Report filed May 23, 2005.
MSTR slides 12% after class-action lawsuit
The new acquisition by Strategy reflects Saylor’s philosophy to acquire Bitcoins no matter what the price is, just as he did previously. vowed to keep buying Bitcoin at the top forever By the end of 2024.
Strategy’s share prices have dropped from about $420 down to $369 in recent weeks, a loss of at least 12%. according TradingView is a great source of data.
Related: Strategy will beat all public equities with Bitcoin, analyst says
MSTR’s highest-ever closing price was $474 on November 19, 2024.
After the recent decline in Strategy’s shares, it was revealed that the company had been hit by a class-action lawsuit The suit alleges that the company misrepresented Bitcoin investment. On May 19, a lawsuit was filed to seek compensation for shareholders who suffered losses due to alleged frauds in April of 2025.
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Source: cointelegraph.com
