Johann Wilfred
Business intelligence firm Strategy has accumulated 7,390 BTC for an aggregate price of $764.9 million and an average purchase price of $103,498. The purchases were made over a period from May 12, 2025, to May 18, 2025. This brings the company’s Bitcoin holdings to 576,230 BTC as per the company’s May 19 filing with the SEC.
During the same period, Strategy also sold 1,712,708 MSTR shares and 621,555 STRK shares for combined net proceeds of $765.4 million.
The 8-K form filing also includes a note of developments related to a lawsuit brought against Michael J. Saylor, Phong Le, and Andrew Kang.
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“On May 16, 2025, a purported class action lawsuit was filed in the U.S. District Court for the Eastern District of Virginia against us, Michael J. Saylor, Phong Le, and Andrew Kang, alleging violations of Section 10(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b-5 thereunder, and Section 20(a) of the Exchange Act.” the relevant filing states.
The lawsuit alleges that false claims were made, along with failures to disclose key information about the following: anticipated risks of the company’s bitcoin investment strategy and a true assessment of possible risks of bitcoin and its volatility, which could lead to losses. The filing states the company intends to defend against this lawsuit vigorously.
