1 week ago
Michael Saylor’s Strategy, 1 of the world’s largest firm Bitcoin investors, bagged a caller stash of BTC arsenic the terms concisely surged supra $110,000 past week.
Strategy acquired 4,020 Bitcoin (BTC) for $427.1 cardinal betwixt May 19 and 23, the institution announced connected May 26.
The latest purchases were made astatine an mean terms of $106,237 per coin, with Bitcoin smashing past $110,000 connected May 22.
The acquisition marks the 4th Bitcoin acquisition by Strategy successful May, bringing Strategy’s full BTC holdings to 580,250 BTC, acquired for astir $40.61 cardinal astatine an mean terms of $69,979 per coin.
Strategy manager sells 2,650 MSTR shares
Strategy’s caller Bitcoin acquisition followed a bid of Class A income by Strategy manager Jarrod Patten.
According to a Strategy study of the projected merchantability of securities filed connected May 22, Patten sold 2,650 MSTR shares successful the play betwixt May 16 and 21, worthy astir $1.1 million.
Since April 22, Patten has sold a full of 17,050 Class A shares worthy $6.7 million.
The past 3 MSTR income from Strategy’s study of the projected merchantability of securities. Source: SEC
Additionally, Strategy’s main fiscal officer, Andrew Kang, sold 2,185 Class A shares connected May 23, netting $719,447, according to an amended study filed connected May 23.
MSTR slides 12% aft class-action lawsuit
Strategy’s caller acquisition reflects Saylor’s doctrine of acquiring Bitcoin nary substance however precocious the prices are, arsenic helium antecedently vowed to support buying Bitcoin astatine the apical forever successful precocious 2024.
In the meantime, Strategy’s shares person been tumbling from their all-time highs recently, losing astatine slightest 12% successful the past week, with prices falling from astir $420 to $369, according to TradingView data.
Related: Strategy volition bushed each nationalist equities with Bitcoin, expert says
Strategy (MSTR) five-day terms chart. Source: TradingViewThe highest historical closing terms connected grounds for MSTR banal was astir $474, recorded connected Nov. 19, 2024.
The caller driblet successful Strategy shares came aft the institution was deed with a class-action lawsuit alleging that the institution had misrepresented Bitcoin investments. Filed connected May 19, the suit seeks to retrieve losses of shareholders who were adversely affected by alleged securities fraud successful April 2025.
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