Key Takeaways
- Strategy bought 4,020 BTC for $427.1 million between May 19 and 23.
- MSTR shares have dropped 12% in a week amid a class-action lawsuit.
- Strategy now holds 580,250 BTC at an average price of $69,979 per coin.
Michael Saylor’s firm Strategy acquired 4,020 Bitcoin between May 19 and 23, spending $427.1 million at an average price of $106,237 per coin.
The purchase came as Bitcoin briefly surpassed $110,000 on May 22, setting a new all-time high.
Accumulation & holdings
This marks Strategy’s fourth Bitcoin acquisition in May.
With the latest buy, the company now holds 580,250 BTC, purchased for a total of approximately $40.6 billion.
The average price across all purchases is $69,979 per coin.
Stock performance & legal challenges
Despite the aggressive accumulation, Strategy’s stock (MSTR) has declined sharply.
The company’s share price has fallen 12% over the past week, dropping from about $420 to $369, according to TradingView.
MSTR’s all-time closing high was roughly $474, recorded on November 19, 2024.
The stock decline follows the filing of a class-action lawsuit on May 19.
The suit accuses Strategy of misleading investors regarding its Bitcoin investments and seeks to recover losses allegedly caused by securities fraud in April 2025.
Internal stock sales
Meanwhile, internal stock sales continued.
Strategy director Jarrod Patten sold 2,650 shares between May 16 and 21, totaling nearly $1.1 million.
Since April 22, Patten has offloaded 17,050 Class A shares worth $6.7 million.
Additionally, CFO Andrew Kang sold 2,185 shares for $719,447 on May 23, according to SEC filings.
Saylor’s commitment to Bitcoin
Saylor has maintained his public stance to “buy Bitcoin at the top forever,” emphasizing long-term commitment to BTC holdings.
