Michael Saylor’s company, Strategy (formerly MicroStrategy), has announced a significant Bitcoin acquisition. Between May 12 and May 18, the firm purchased an additional 7,390 $BTC for approximately $764.9 million, at an average price of $103,498 per bitcoin . This brings Strategy’s total holdings to 576,230 $BTC , valued at over $59 billion, representing more than 2.7% of the total Bitcoin supply .
This aggressive accumulation strategy has not gone unnoticed. The company is currently facing a class-action lawsuit alleging misleading statements and undisclosed risks related to its Bitcoin strategy and accounting practices .
Michael Saylor Buys More Bitcoin But Gets Sued!
