Strategy buys 7,390 BTC for $765M, gets hit with class-action lawsuit
Michael Saylor’s Strategy bagged another 7,390 Bitcoin last week as prices rallied above $100,000 and got hit with a class-action lawsuit, according to the company’s latest SEC filing.
Strategy, formerly MicroStrategy, and the top corporate Bitcoin holder, acquired nearly $765 million of Bitcoin last week. The purchase comes as the company faces a class-action lawsuit.
According to a May 19 announcement, Strategy acquired 7,390 BTC for about $764.9 million at an average price just under $103,500. Strategy reported a Bitcoin yield of 16.3% year-to-date.
As of May 18, Strategy holds 576,230 BTC acquired for around $40.18 billion at an average price of $69,726 per coin. At current prices, the company’s total holdings are valued at more than $59.2 billion, representing an unrealized gain of $19.2 billion, or 47%.
Read more
