26-5-2025 – Strategy, one of the globe’s foremost corporate investors in Bitcoin, has bolstered its portfolio with a substantial acquisition. Between 19 and 23 May, the company snapped up 4,020 Bitcoin at a cost of $427.1 million, with an average price of $106,237 per coin. This purchase, announced on 26 May, coincided with Bitcoin’s fleeting ascent beyond the $110,000 mark on 22 May. The latest acquisition is Strategy’s fourth Bitcoin buy in May alone, elevating its total holdings to an impressive 580,250 BTC, amassed at a cumulative cost of $40.61 billion, with an average price of $69,979 per coin.
Yet, even as Strategy doubles down on its Bitcoin strategy, its stock has faced turbulence, sliding 12% over the past week from $420 to $369, according to TradingView data. This decline follows a peak closing price of $474 on 19 November 2024. The downturn aligns with a class-action lawsuit filed against the company on 19 May, accusing Strategy of misrepresenting its Bitcoin investments and alleging securities fraud in April 2025. The legal action seeks to compensate shareholders who suffered losses amid the controversy.
In parallel, Strategy’s leadership has been active in the market. Director Jarrod Patten offloaded 2,650 Class A shares between 16 and 21 May, netting nearly $1.1 million, as disclosed in a securities filing on 22 May. Since 22 April, Patten has sold a total of 17,050 shares, valued at $6.7 million. Additionally, Chief Financial Officer Andrew Kang sold 2,185 Class A shares on 23 May, yielding $719,447, according to an amended filing.
Strategy’s relentless Bitcoin acquisitions reflect the conviction of its chairman, Michael Saylor, who late last year pledged to continue purchasing Bitcoin regardless of soaring prices. This philosophy persists, even as the company navigates choppy waters in the stock market and legal challenges, cementing its position as a titan in the cryptocurrency arena.
