#Breaking : Strategy Acquires 4,020 BTC For $427M; MSTR Stock Price Down 7%

Strategy, previously MicroStrategy, has made another Bitcoin purchase for the 7th consecutive week, while the MSTR stock price is down 7%.

Highlights

Michael Saylor's Strategy bought 4,020 Bitcoin for $427.1 million between May 19 and 25.

The company now holds 580,250 BTC, which it acquired for $40.61 billion.

The MSTR stock price is down over 7% in pre-market despite this announcement.

Michael Saylor’s Strategy, previously known as MicroStrategy, made another BTC purchase between May 19 and 25, bringing its total holdings to 580,250 BTC. This comes amid plans to raise $2.1 billion to buy more BTC. Meanwhile, the MSTR stock price is in the red and has failed to rally despite the announcement of this most recent Bitcoin purchase.