Strategy (formerly MicroStrategy) Buys 7,390 BTC for $765 Million Amid Lawsuit

On May 19, 2025, Strategy, formerly known as MicroStrategy, announced a new large purchase of Bitcoin – 7,390 BTC worth $764.9 million. The information was published in the company’s official statement. Strategy, Bitcoin’s largest corporate holder, made the deal amid a class-action lawsuit filed against it, adding to the intrigue of the news.

Deal details

According to a May 19 statement, Strategy purchased bitcoin at an average price of just under $103,500 per coin. Currently, the company has recorded a return on its Bitcoin portfolio of 16.3% since the beginning of the year. Strategy executive chairman Michael Saylor, as usual, hinted at the acquisition in his post on X on May 18, which has become a tradition for the company.

As of May 18, Strategy had 576,230 BTC in its portfolio, purchased for $40.2 billion at an average price of $69,726 per coin. With Bitcoin’s current market value of $102,615 (according to CoinMarketCap), the company’s total assets are worth more than $59.2 billion, generating unrealized gains of $19.2 billion, or 47%.

Lawsuit against Strategy

On the same day, May 19, it became known from documents filed with the US Securities and Exchange Commission (SEC) that a class action lawsuit had been filed against Strategy. The plaintiffs claim that the company’s management misled investors by not accurately representing the risks associated with investing in Bitcoin. Details of the charges have not yet been disclosed, but the lawsuit could affect the reputation of the company, which is actively promoting Bitcoin as a strategic asset.

Cryptocurrency market and context

At the time of writing, Bitcoin is trading at $102,615, up 20.3% over the past month, according to CoinMarketCap data. This growth reflects continued investor interest in cryptocurrency despite market volatility. Strategy, which began investing in Bitcoin in 2020, remains the leader among corporations in terms of BTC ownership, making it a key player in the crypto industry.

In my opinion, Strategy demonstrates confidence in the long-term potential of Bitcoin by continuing to grow its assets even amid legal challenges. However, a class action lawsuit could be a major challenge for the company, especially if the accusation turns out to be substantiated. Either way, Strategy’s actions continue to attract market attention, highlighting the growing role of cryptocurrencies in corporate investment strategies.

News highlights

• Strategy purchased 7,390 BTC for $764.9 million at an average price of $103,500 per coin.
• The company’s total portfolio reached 576,230 BTC worth $59.2 billion with unrealized gains of 47%.
• Strategy is facing a class action lawsuit for allegedly misrepresenting the risks of investing in Bitcoin.
• Bitcoin rose 20.3% over the month, trading at $102,615.

Disclaimer: The information in this article is for informational purposes only and does not constitute investment advice. CryptoInside is not responsible for any losses associated with the use of this information.