🔥 Bitcoin Bags Up, Lawsuit Rolls In — What’s Strategy Planning?

Even with a fresh class action lawsuit over its crypto investing strategy, MicroStrategy has expanded its bitcoin holdings and generated nearly $765 million via share sales.

Between May 12 and May 18, 2025 MicroStrategy said it has raised $765.4 million in two at----market (ATM) share sales. The company's liquidity was considerably improved by selling 1.71 million MSTR shares and 621,555 STRK preference shares. Mostly, these money were used for buying additional bitcoin.

MicroStrategy bought 7,390 BTC for around $764.9 million during the same time at an average price of $103,498 per coin. Purchased at an average cost of $69,726, this takes its overall holdings to 576,230 BTC, therefore representing $40.18 billion in bitcoin assets.

Not every news, meantime, was favorable. MicroStrategy, its creator Michael Saylor, and executives Phong Le and Andrew Kang were the targets of a class action lawsuit filed on May 16 Particularly in view of volatility and possible losses linked with accounting revisions under new crypto asset rules (ASU 2023-08), the complaint argues the corporation deceived investors about the profitability and risk of its bitcoin-oriented strategy.

Notwithstanding legal issues, the firm maintains a dashboard at www.strategy.com to notify the public on its activities, including real-time details on its bitcoin transactions and stock movement.

#SaylorBTCPurchase #BTCBreaksATH110K #ETHMarketWatch #MarketRebound #TrumpTariffs $BTC $ETH $XRP