Strategy ends May with $75M Bitcoin buy as price tumbles to $103K

Michael Saylor’s Strategy, the world’s largest firm holder of Bitcoin, has announced its latest BTC purchases aft the terms concisely dropped to $103,000 past week.

Strategy acquired 705 Bitcoin for $75.1 cardinal betwixt May 26 and 30, the institution announced connected June 2.

The latest purchases were made astatine an mean terms of $106,495 per coin, with Bitcoin dropping from $110,000 past Monday to an intraweek debased of $103,400 by the weekend.

An excerpt from the Form-8 by Strategy filed connected June 2. Source: Strategy

The acquisition marked the past Strategy’s Bitcoin bargain successful May, bringing Strategy’s full BTC holdings to 580,955 BTC, acquired for astir $40.68 cardinal astatine an mean terms of $70,023 per coin.

Strategy manager sells MSTR shares

Strategy’s caller Bitcoin acquisition followed different bid of Class A income by Strategy manager Jarrod Patten.

According to a Strategy study of the projected merchantability of securities filed connected May 30, Patten sold 3,750 shares successful the play betwixt May 22 and 29, worthy astir $1.4 million.

The past 3 MSTR income are from Strategy’s study connected the projected merchantability of securities. Source: SEC

Strategy’s stock, trading nether the ticker MSTR, saw downward unit pursuing the sales, concisely falling beneath $360 connected some May 28 and May 30.

According to TradingView, the Strategy banal recovered to adjacent past week astatine $369, but was trading astatine 1.6% down successful pre-market.

Strategy (MSTR) one-year terms chart. Source: TradingView

Despite caller drops, Strategy banal is inactive up astir 23% year-to-date, with yearly gains of 123%.

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