#SaylorBTCPurchase
The Strategy firm of Michael Saylor has made headlines again in the crypto ecosystem, this time for a high-impact financial and media operation. The company recently revealed the acquisition of 7,390 BTC for an approximate value of $765 million, increasing its reserves to 576,230 BTC, a figure that represents more than 2.7% of the total circulating Bitcoin supply.
This move has caught the attention not only of the crypto world but also of traditional investors, as it occurs at a delicate moment: Strategy is facing a class action lawsuit filed in the Eastern District of Virginia on May 16. This legal action accuses the company and its executives of having concealed risks associated with their Bitcoin-based strategy and of having made allegedly misleading statements.
