Strategy Company, formerly known as MicroStrategy, has completed the acquisition of 7390 bitcoins for a total of approximately $764.9 million, conducting the transaction between May 12 and May 18, 2025. The average cost of one bitcoin during this acquisition was $103,498. Reportedly, the funding for the purchase was obtained through the issuance of common shares of MSTR and perpetual preferred shares of STRK.
This is reported by Business • Media
Increase in the Company’s Cryptocurrency Reserves
As a result of this deal, Strategy’s total reserves have risen to 576,230 bitcoins. At the time of publication, the total value of this asset exceeds $59 billion, with the average purchase price of one bitcoin being $69,726. As noted by the company’s co-founder, Michael Saylor, Strategy has invested approximately $40.2 billion in bitcoin, allowing for an estimated unrealized profit of $18.8 billion.
Criticism and Class Action Lawsuit
As part of the latest financing, the company sold over 1.7 million shares of MSTR for $705.7 million and 621,000 shares of STRK for $59.7 million. The remaining unused shares are valued at over $39 billion. These actions are part of the company’s plan, known as “42/42,” aimed at raising $84 billion for further bitcoin purchases.
However, Michael Saylor’s actions have not gone unnoticed: former trader Josh Mandel criticized the entrepreneur, stating that the company’s shares have become akin to fiat currency, and questioned the transparency of its financial operations. On May 16, 2025, the company received a class action lawsuit from investors who claim that Strategy distorts the risks and profitability of its bitcoin strategy, failing to inform clients about losses related to new cryptocurrency accounting standards.
“It’s not about you” – Josh Mandel, commenting on the company’s actions.