Strategy continues its BTC purchasing strategy by adding more coins amidst market volatility.
Latest Strategy Purchases
Strategy (MSTR) announced the acquisition of 7,390 BTC for approximately $764.9 million at an average price of $103,498. This acquisition took place during a bullish market when BTC peaked at $106,000. MSTR now holds 576,230 BTC acquired for $40.18 billion.
Lawsuit Against Strategy
The company also disclosed an ongoing class-action lawsuit in the U.S. District Court for the Eastern District of Virginia against Michael Saylor and associates, alleging misleading statements regarding BTC investment profitability. The suit covers the period from April 30, 2024, to April 4, 2025.
Market Impact on Other Companies
Strategy's latest acquisition aligns with Metaplanet's announcement of adding 1,004 BTC at an average price of $103,873. Metaplanet stocks are also rising, following Strategy's model. The overall interest in corporate BTC purchases is increasing, with public companies holding a total of 3.33 million BTC.
Despite legal challenges, the strategic BTC purchases by companies like Strategy and Metaplanet highlight a growing interest in bitcoins among corporate investors.
