CryptoStrategy buys Bitcoin dip with $427M purchase, holdings surpass...

Strategy buys Bitcoin dip with $427M purchase, holdings surpass 580,000 BTC

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Key Takeaways

  • Strategy purchased 4,020 Bitcoin for $427 million, increasing its holdings to over 580,000 BTC.
  • The company faces a class action lawsuit alleging misleading statements about Bitcoin strategy.

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Michael Saylor’s Strategy disclosed Monday that it acquired 4,020 Bitcoin between May 19 and 25 for approximately $427 million, seizing the recent price weakness triggered by Trump’s 50% tariff proposal on EU goods.

The purchase, executed at an average price of $106,237 per Bitcoin, brings Strategy’s total holdings to 580,250 BTC. The firm also reported a year-to-date Bitcoin yield of 16.8%.

Having paused between earlier purchases, Strategy now seems to have reignited its Bitcoin buying run. The latest transaction makes it seven weeks in a row, after acquiring 7,390 BTC for $765 million in the week ending May 18.

Strategy’s latest BTC acquisition was backed by proceeds from its recent equity and preferred stock offerings, as disclosed in an SEC filing on Monday. The firm sold 847,000 shares of MSTR, 678,970 STRK shares, and 104,423 STRF shares last week, generating net proceeds of $427 million.

Strategy buys BTC between May 19 -25Strategy buys BTC between May 19 -25

With Bitcoin currently trading above $109,000, the Bitcoin proxy has generated unrealized profits exceeding $23 billion from its BTC investments. The firm maintains its position as the largest corporate holder of Bitcoin, controlling nearly 2.8% of the total BTC supply.

Strategy has recently come under legal pressure as a California-based investor filed a class action suit claiming the company issued misleading statements about its Bitcoin holdings strategy.

The lawsuit targets both the company and senior figures like Saylor, accusing them of promoting overly favorable views of Bitcoin’s impact. The firm has vowed to fight the allegations.

Strategy offered no update on the lawsuit alongside its latest BTC acquisition.

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