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Cryptocurrency News Articles

Strategy Disclosed the Purchase of 7,390 Bitcoin for Approximately $764.9 Million

May 20, 2025 at 12:20 am

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

Strategy Disclosed the Purchase of 7,390 Bitcoin for Approximately $764.9 Million

According to a May 19th announcement, Strategy (NASDAQ:STRF) disclosed the purchase of 7,390 Bitcoin for approximately $764.9 million at an average price of just under $103,500.

These purchases bring the company’s total Bitcoin holdings to 576,230, which 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 an May 18th post on X.

Never short a man who buys orange ink by the barrel.

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, among other matters.”

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 (SGX:PE8) rebranded as Asia Strategy and announced a Bitcoin accumulation plan with Sora Ventures (NYSE:SV). The move led to a 60% surge in the company’s stock during premarket trading.

A Bahrain-based catering company also unveiled plans to invest in Bitcoin through a partnership with investment firm 10X Capital.

In other news, Japan-based Metaplanet (TYO:3983) recently purchased 1,004 Bitcoin for approximately $104.6 million at an average price of around $104,237 per coin.

With this latest purchase, the company's total Bitcoin holdings have reached 7,800, making it the largest public Bitcoin holder in Asia and placing it among the top ten globally.

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Other articles published on Jun 13, 2025