#SaylorBTCPurchase

Michael Saylor's company, Strategy (formerly MicroStrategy), continues its aggressive Bitcoin accumulation strategy. In the past week, Strategy acquired an additional 7,390 $BTC for approximately $765 million, at an average price of just under $103,500 per coin. This purchase brings the company's total holdings to 576,230 $BTC , valued at over $59 billion, representing more than 2.7% of the total Bitcoin supply .

To finance this acquisition, Strategy utilized proceeds from recent stock offerings, including the sale of approximately 1.7 million shares of its common stock and 621,555 shares of Series A preferred stock . The company has announced plans to continue this approach, with a new $21 billion stock offering aimed at further Bitcoin purchases .

However, this aggressive strategy has attracted legal scrutiny. A class-action lawsuit has been filed against Strategy and its executives, including Michael Saylor, alleging that they failed to adequately disclose the risks associated with the company's Bitcoin investments .

Despite these challenges, Saylor remains committed to his Bitcoin-centric vision, aiming to hold $42 billion in

$BTC by 2027, regardless of market conditions.