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MSTR Stock Price Rallies Above $400 Amid 7,390 Bitcoin Purchase & Class Action Lawsuit
- Between May 12 and 18, 2025, Strategy purchased 7,390 Bitcoin, raising its total holdings to 576,230 BTC valued at over $59 billion.
- The company financed this purchase by selling roughly 1.7 million shares of MSTR and 621,555 shares of STRK, which brought in close to $765 million, as detailed in an SEC filing dated May 19.
- Strategy currently holds more than 2.7% of all Bitcoin in circulation and plans to increase its Bitcoin holdings to a valuation of $42 billion by 2027, irrespective of fluctuations in the market.
- On May 16, 2025, the company and its leadership were named in a class action complaint filed in federal court in Virginia, accusing them of making misleading statements and failing to reveal potential risks associated with their Bitcoin approach and recent accounting regulations.
- Strategy has committed to defending itself against the class action lawsuit but currently cannot determine the likely resolution or estimate any possible financial impact, underscoring continued legal uncertainty as it proceeds with its Bitcoin purchases.
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34 Articles
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