Strategy has completed the purchase of 4,980 Bitcoin, significantly increasing its assets. However, it faces legal claims.
Purchase of 4,980 BTC
The company Strategy acquired an additional 4,980 bitcoins at an average price of $106,801 per coin, totaling approximately $531.9 million. As a result, the total amount of the company’s assets reached 597,325 BTC, acquired for $42.40 billion, averaging $70,982 per Bitcoin.
Funding Bitcoin Accumulation
Strategy consistently utilizes funds raised through equity and preferred stock offerings to finance its Bitcoin investments. The latest purchase was financed through its STRK and STRF programs. This approach allows the company to accumulate Bitcoin during various market conditions.
Legal Issues Facing the Company
Despite its ongoing accumulation, Strategy is currently facing five lawsuits alleging securities fraud. The claims assert that the company and its executives did not disclose material risks associated with Bitcoin purchases. These legal challenges have arisen amid reports of $6 billion in unrealized losses this quarter.
Strategy continues to actively build its Bitcoin reserves, but legal difficulties may impact its future actions in the market.
