MicroStrategy Acquires an Additional 7,390 Bitcoin for $764.9 Million

MicroStrategy, a leading business intelligence firm, has acquired an additional 7,390 Bitcoin for approximately $764.9 million

MicroStrategy, the leading business intelligence firm, has continued to expand its Bitcoin treasury, acquiring an additional 7,390 Bitcoin for approximately $764.9 million, a significant development in the cryptocurrency market.

This latest purchase brings the company's total Bitcoin holdings to 576,230 BTC, which is valued at around $59 billion at current market prices. The acquisition was made in increments between May 12 and May 18 at an average price of $103,498 per coin.

To fund the purchase, MicroStrategy sold $705.7 million of its Class A common stock through an at-the-market (ATM) offering and $59.7 million from issuing 621,555 shares of Series A STRK preferred stock.

Also, the company issued 39,000 early exercise warrants for the purchase of Class A common stock at an exercise price of $975 per share.

The average purchase price across all of MicroStrategy's Bitcoin holdings now stands at $69,726 per coin, with a total investment of $40.18 billion.

Meanwhile, Japanese company Metaplanet has also expanded its Bitcoin treasury, purchasing an additional 1,004 Bitcoin at an average price of 15.13 million yen (approximately $105,000) per coin.

This brings the company's total Bitcoin holdings to 7,800 BTC, which is valued at around $732 million.

Metaplanet's Bitcoin investment has grown significantly over the past seven weeks as the company acquired 3,754 BTC between April 1 and May 19, 2025.

The company's accumulation pace has accelerated in May as the firm added over 2,000 BTC in less than three weeks.

The increasing institutional adoption of Bitcoin is expected to have a significant impact on the cryptocurrency market.

As more companies and financial institutions invest in Bitcoin, it is likely to drive up demand and, in turn, increase the value of the cryptocurrency.

MicroStrategy's and Metaplanet's aggressive Bitcoin accumulation strategies demonstrate their confidence in the long-term potential of the cryptocurrency.

These investments are expected to contribute to the growing institutional adoption of Bitcoin, further solidifying its position as a major player in the financial markets.

Class Action Lawsuit Against MicroStrategy

However, MicroStrategy is facing a class action lawsuit that was filed on May 16 in the U.S. District Court for the Eastern District of Virginia.

The lawsuit alleges that the company, along with executives Michael Saylor, Phong Le, and Andrew Kang, made misleading statements about the risks associated with its Bitcoin-focused investment strategy.

The lawsuit, which was filed by plaintiffs Anas Hamza, et al., claims that the company's statements about its investment strategy were misleading and failed to disclose the risks associated with investing in Bitcoin.

The suit further alleges that the defendants engaged in a scheme to deceive the plaintiffs and other investors into believing that MicroStrategy's Bitcoin investment was a safe and low-risk strategy.

The plaintiffs are seeking to recover their economic damages as a result of the defendants' alleged fraudulent and deceptive acts and practices.

The outcome of this lawsuit could have significant implications for MicroStrategy and its investors.

If the plaintiffs are successful, they could be awarded substantial monetary damages and an injunction requiring MicroStrategy to cease its Bitcoin investment activities.

The case is expected to be closely watched by investors and legal experts in the coming months.

This lawsuit underscores the importance of transparency and full disclosure in corporate communications, especially when it comes to novel and highly volatile investment strategies.

It remains to be seen how this lawsuit will play out and what impact it will have on MicroStrategy's business operations and investment strategy.

This class action lawsuit is a clear indication of the attention and scrutiny that major corporations and their executives are facing in today's legal and financial landscape.

handles a majority of the company’s administrative and technical functions.

After graduating with honors in chemical engineering and a minor in economics from the University of Pittsburgh, Litman began his career at the Boston Consulting Group.

He later joined the private equity firm TA Associates, where he focused on leveraged buyouts and buy-side M&A transactions.

At TA Associates, Litman completed over 20 transactions with a total value of more than $15 billion.

He also served as a board observer for several portfolio companies.

Prior to joining MicroStrategy, Litman was a managing director at the hedge fund AEA Mercury, where he co-managed a $3 billion multi-strategy hedge fund.

At AEA Mercury, Litman was involved in all aspects of the investment process, including sourcing, structuring,