Strategy Acquires 7,390 Bitcoin as Class-Action Lawsuit Filed

Strategy disclosed the purchase of 7,390 Bitcoin for approximately $764.9 million, according to a May 19th announcement.

Strategy has acquired 7,390 BTC for ~$764.9 million at ~$103,498 per bitcoin and has achieved BTC Yield of 16.3% YTD 2025. As of 5/18/2025, we hodl 576,230 $BTC acquired for ~$40.18 billion at ~$69,726 per bitcoin. $MSTR $STRK $STRF https://t.co/woIBO11Hz9
— Strategy (@Strategy) May 19, 2025

Acquired at an average price of just under $103,500, the purchase brings the company’s total Bitcoin holdings to 576,230 Bitcoin.

These holdings were accumulated for around $40.2 billion at an average price of $69,726 and are now valued at over $59.2 billion—an unrealized gain of about $19.2 billion.

Executive chairman Michael Saylor referenced the transaction in a May 18th post on X.

Never short a man who buys orange ink by the barrel. pic.twitter.com/4h2sEbIraT
— Michael Saylor (@saylor) May 18, 2025

In a concurrent SEC filing, the company revealed that a class-action lawsuit had been filed in the U.S. District Court for the Eastern District of Virginia.

The suit names Saylor, CEO Phong Le, and CFO Andrew Kang as defendants and alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act and Rule 10b-5.

According to the filing:

“The [suit claims] that the named defendants made false and/or misleading statements with respect to and/or failed to disclose information with respect to the anticipated profitability of our Bitcoin-focused investment strategy and treasury operations, and the various risks associated with Bitcoin’s volatility.“

Commenting on the case, DeFiLlama developer 0xngmi posted:

“You’re buying a company that is self-labelled as ‘leverage on Bitcoin,’ what do you expect?”

Strategy’s Bitcoin-centric model has influenced a number of other companies to adopt similar treasury strategies.

Last week, luxury watchmaker Top Win rebranded as AsiaStrategy and announced a Bitcoin accumulation plan with Sora Ventures, leading to a 60% surge in premarket trading.

A Bahrain-based catering company also adopted a Bitcoin treasury strategy through a partnership with investment firm 10X Capital.

Additionally, Japan-based Metaplanet recently purchased 1,004 Bitcoin for approximately $104.6 million.

The firm now holds a total of 7,800 Bitcoin, making it the largest public Bitcoin holder in Asia and one of the top ten globally.