Michael Saylor’s company, Strategy, formerly known as MicroStrategy, has added 7,390 more Bitcoin to its treasury. Now, the company holds 576,230 BTC in total. The purchase took place between May 12 and May 18, 2025, according to the press release published on May 19. Strategy spent around $764.9 million for the purchase, paying an average price of $103,498 per Bitcoin.
Now, the company holds 576,230 BTC in total, which was acquired for approximately $40.8 billion, with an average cost of $69,726 per BTC. This means Strategy now controls around 2.74% of all the Bitcoin in circulation. Michael Saylor posted on X, “We hodl 576,230 $BTC acquired for ~$40.18 billion.” The company also reported a 16.3% Bitcoin yield so far this year.
Meanwhile, Strategy’s stock (MSTR) fell more than 6% in pre-market trading and currently trades for $402. This happened because of a class action lawsuit issued against the company
This lawsuit was reportedly filed on May 16 in the U.S. District Court for the Eastern District of Virginia and claims that Strategy and its executives gave misleading statements and didn’t fully explain the risks tied to its Bitcoin strategy. The case names Michael Saylor, Phong Le, and Andrew Kang as defendants, according to the SEC filing.
The lawsuit was filed by Anas Hamza on behalf of investors and seeks damages, legal fees, and other relief. The complaint also covers alleged actions from April 30, 2024, to April 4, 2025. However, the company responded by saying it plans to “vigorously defend” against the claims but admitted it can’t predict the result or potential losses.
To fund the latest Bitcoin purchase, Strategy raised capital by selling 1.7 million MSTR shares and 621,555 STRK shares. The sale generated roughly $765 million in net proceeds. The company still has about $18.9 billion in MSTR shares and $20.7 billion in STRK shares available for future use. It plans to reach $42 billion in Bitcoin holdings by 2027.
In a similar report, Japanese firm Metaplanet has also purchased 1,004 BTC and now holds 7,800 BTC in total. Further, Basel Medical Group announced it is in talks to buy up to $1 billion worth of Bitcoin for its reserves.
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