Michael Silor’s strategy, formerly known as Microstrategy, bought another Bitcoin between May 12 and May 18, where BTC’s total bodies of the company reached 576,230. Despite this announcement, the MSTR share price decreased, as the company faces a collective suit on misleading data regarding its Bitcoin strategy.
Purchase of the strategy 7,390 Bitcoin for $ 764 million
in press releaseThe company announced that it had received 7,390 Bitcoin for $ 764.9 million at an average price of 103,498 dollars per BTC. The strategy, as soon as Microstrategy, has achieved BTC’s return by 16.3 % years to the date (YTD).
Meanwhile, the company now owns 576,230 BTC, which it received for $ 40.8 billion at an average price of $ 69.726 per BTC. Silor remains the largest bitcoin holder.
Amid this announcement, the MSTR share price decreased to more than 2 % in pre -market trading, and is currently trading about $ 390. This decline can be linked to reports related to a collective action against the company and its executives. The lawsuit claims misleading data regarding the Bitcoin strategy. Bitcoin price can also contribute to this decrease, as both assets share a strong positive correlation.
MSTR shares remain more than 25 % last month and features slightly over 38 %, making it one of the best assets in 2025. The share exceeded BTC, an increase of about 8 % this year.
Meanwhile, metaplanet, along with Microstrategy, continues to collect more BTC. Coingape reported that the Japanese company recently bought 1,004 Bitcoin and now owns 10,000 BT, which represents 78 % of the company’s short term.
Coingepe also mentioned that the Basel Medical Group is looking to adopt the Bitcoin wardrobe. The company announced that it has started negotiations to get up to $ 1 billion from BTC for its wardrobe.
Boluwatife Adeyemi
Boluwatife Adeyemi is a writer and editor of encryption news that covered topics that exceed many topics and ports. Boluwatife has a talent to simplify the most technical concepts and make it easy for the novice encoded. Away from writing, he is a fan of thirsty basketball, traveler and part -time.
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