Oh, what a jolly good show! Michael Saylor’s Strategy, a giant among the Bitcoin munchkins, has just gobbled up a delightful stash of BTC as the cryptocurrency did a little jig past the magical $110,000 mark last week! 🎉
In a rather cheeky move, Strategy snatched up 4,020 Bitcoin (BTC) for a whopping $427.1 million between May 19 and May 23, as revealed in their rather formal letter to the US Securities and Exchange Commission, published on May 26. Fancy that!
These shiny new coins were acquired at an average price of
This latest acquisition marks the fourth Bitcoin shopping spree by Strategy in May, bringing their grand total to a staggering 580,250 BTC, all for the princely sum of approximately $40.61 billion at an average price of $69,979 per coin. Talk about a treasure trove! 🏴☠️
Strategy director sells 2,650 MSTR shares
But wait, there’s more! Strategy’s Bitcoin bonanza was closely followed by a flurry of Class A sales from the ever-so-busy Strategy director, Jarrod Patten. What a whirlwind! 💨
According to a rather official report filed on May 22, Patten sold 2,650 MSTR shares between May 16 and May 21, raking in nearly $1.1 million. Not too shabby, eh?
Since April 22, our dear Patten has sold a total of 17,050 Class A shares worth a jaw-dropping $6.7 million. He must be quite the busy bee! 🐝
Additionally, Strategy’s chief financial officer, Andrew Kang, decided to join the fun and sold 2,185 Class A shares on May 23, pocketing $719,447, according to an amended report filed on the same day. Quite the haul, wouldn’t you say?
MSTR slides 12% after class-action lawsuit
Now, let’s not forget the rollercoaster ride of Strategy’s shares! Saylor’s latest Bitcoin binge reflects his rather bold philosophy of buying Bitcoin no matter how high the prices soar. He’s vowed to keep buying Bitcoin at the top forever, or at least until late 2024. What a commitment! 🎢
Meanwhile, Strategy’s shares have been tumbling down the hill, losing at least 12% in the past week, with prices plummeting from around $420 to $369, according to the ever-reliable TradingView data. Oh dear! 😱
The highest historic closing price for MSTR stock was around $474, recorded on Nov. 19, 2024. Quite the peak, but alas, every mountain has its valleys!
And just when you thought it couldn’t get any wilder, the recent drop in Strategy shares came after the company was hit with a class-action lawsuit, alleging that they had misrepresented Bitcoin investments. Filed on May 19, the suit seeks to recover losses of shareholders who were rather unfortunate victims of alleged securities fraud in April 2025. What a tangled web we weave! 🕸️
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2025-05-26 15:21