MicroStrategy, now operating under the trade name Strategy, has further solidified its position as the largest corporate holder of Bitcoin

MicroStrategy, now operating under the trade name Strategy, has further solidified its position as the largest corporate holder of Bitcoin. The company acquired an additional 4,020 BTC

MicroStrategy (NASDAQ:MSTR) has further solidified its position as the largest corporate holder of Bitcoin. The company has acquired an additional 4,020 BTC for approximately $427.1 million, at an average price of $106,237 per coin. This latest purchase brings MicroStrategy’s total Bitcoin stash to 580,250 Bitcoins.

To finance this latest Bitcoin acquisition, Strategy utilized proceeds from its at-the-market (ATM) equity offering. In total, the organization sold 1,152,700 shares of its stock at an average price of $369,428 per share to fund the purchase of 4,020 Bitcoins at an average price of $106,237 per coin.

The organization’s aggressive strategy has seen its Bitcoin holdings grow to represent approximately 2.9% of the cryptocurrency’s total circulating supply, with the Strategy’s year-to-date Bitcoin yield standing at 16.8%.

However, the firm was recently hit with the class-action lawsuit. It’s alleged that Strategy and its executives made misleading statements regarding the profitability of their Bitcoin investment strategy. The lawsuit is still in the early stages, but the corporate Bitcoin whale has stated its intention to vigorously defend against these claims.

MicroStrategy and Bitcoin

The development company has consistently leveraged its equity to fund Bitcoin acquisitions.

In mid-December, Strategy sold 1.3 million shares to raise $561 million, which it used to purchase 5,262 BTC at an average price of $106,662 per coin. Then, in late December, it sold 592,987 shares for $209 million, acquiring 2,138 BTC at an average price of $97,837 per coin.

Despite these investments, Strategy reported a $5.91 billion unrealized loss on its digital assets for the first quarter of 2025, leading to a big decline in its stock price. This prompted Pomerantz LLP to investigate potential securities fraud or other unlawful business practices by the organization and its leaders.

It should be noted that this isn’t the first time the firm had legal trouble. Last year, Executive Chairman, Michael Saylor, settled a tax fraud case with the Washington, D.C. Attorney General’s office for $40 million. The settlement addressed allegations that Saylor evaded over $25 million in income taxes by falsely claiming residency in lower-tax jurisdictions, despite residing in Washington, D.C.

As of the latest trading session, Strategy’s stock (NASDAQ:MSTR) is priced at $369.51, a decrease of $30.10 (-7.5%) from the previous close.