Michael Saylor’s company, now known as Strategy (formerly MicroStrategy), has made headlines once again with another large Bitcoin purchase.
Between May 12 and May 18, the firm bought 7,390 BTC for about $764.9 million, paying an average of $103,498 per coin, pushing Strategy’s total Bitcoin holdings to 576,230 BTC, bought at an average price of $69,726.
The company has now spent a total of $40.8 billion on Bitcoin, making it the largest corporate holder of the cryptocurrency.
Despite this big move, Strategy’s stock (MSTR) has taken a hit as shares dropped more than 1% in pre-market trading and are now sitting at $401.
This decline comes as the company faces a class action lawsuit, from the SEC, that claims that Strategy and its executives put forth false information regarding their Bitcoin strategy.
The recent dip in Bitcoin’s price may also be contributing to the fall in stock value, as the two assets tend to move in the same direction. With Bitcoin currently sitting at $103,743.02
Still, MSTR stock has been one of the top performers in 2025, being up 26% in the past month and has gained more than 38% since the start of the year, even outperforming Bitcoin
itself, which is up about 8% in the same period.
Meanwhile, Strategy isn’t the only one buying big on Bitcoin. Japanese firm Metaplanet recently added 1,004 BTC to its balance sheet and now holds 10,000 BTC in total while nearing its short-term goal. As Strategy continues to grow its Bitcoin stash, investors are watching closely to see how the lawsuit and market trends play out.
