Strategy Acquires 4,020 Bitcoin as Price Briefly Surpasses $110K
Michael Saylor’s firm, Strategy, widely recognized as one of the most prominent corporate Bitcoin investors, has once again made headlines with a major acquisition. As Bitcoin momentarily crossed the $110,000 threshold last week, Strategy secured an additional 4,020 BTC—demonstrating its continued bullish stance on the flagship cryptocurrency.
According to an official announcement made on May 26, the company accumulated the new Bitcoin holdings between May 19 and May 23, at an average price of $106,237 per BTC. The total investment amounted to approximately $427.1 million. Notably, Bitcoin surged above $110,000 on May 22, marking a significant milestone during the acquisition period.
This purchase is the fourth instance of Bitcoin accumulation by Strategy in May alone. With this latest acquisition, the company’s total Bitcoin reserves have climbed to 580,250 BTC. The combined value of these holdings sits around $40.61 billion, with an average acquisition price of $69,979 per coin. These figures solidify Strategy’s position as a dominant institutional holder in the Bitcoin space.
Executive Stock Sales Follow Major BTC Buy
Amid the latest Bitcoin acquisition, Strategy director Jarrod Patten executed a series of Class A share sales. As detailed in a securities filing submitted on May 22, Patten sold 2,650 shares of MSTR between May 16 and 21, amounting to nearly $1.1 million in proceeds.
Since April 22, Patten has offloaded a cumulative total of 17,050 Class A shares, valued at approximately $6.7 million. These sales highlight a notable trend of insider activity coinciding with major company investments.
In a separate transaction, Strategy’s Chief Financial Officer, Andrew Kang, sold 2,185 Class A shares on May 23. The sale netted Kang around $719,447, as disclosed in an amended securities filing on the same day.
MSTR Stock Falls 12% Amid Legal Challenges
Despite the aggressive accumulation of Bitcoin, Strategy’s stock (MSTR) has experienced downward pressure. Over the past week, MSTR shares declined by roughly 12%, dropping from a high of about $420 to $369, according to data from TradingView.
This recent dip comes on the heels of a class-action lawsuit filed against the company on May 19. The lawsuit accuses Strategy of misrepresenting its Bitcoin investments and seeks to recover financial losses incurred by shareholders affected by the alleged securities fraud that surfaced in April 2025.
The historical peak closing price for MSTR stock was approximately $474, recorded on November 19, 2024. The recent pullback underscores investor unease amid both the company’s aggressive crypto strategy and its legal troubles.
Nonetheless, Strategy remains firmly committed to its Bitcoin-first approach. Michael Saylor, the company’s founder and Bitcoin advocate, reaffirmed his long-standing commitment in late 2024, stating he would “keep buying Bitcoin at the top forever”—a philosophy that continues to drive the firm’s investment strategy.
