TLDR
- Strategy acquired 7,390 Bitcoin for $764.9 million between May 12 and May 18.
- The company now holds a total of 576,230 BTC valued at $40.8 billion.
- Strategy paid an average price of $103,498 per Bitcoin in its latest purchase.
- The average cost across all holdings stands at $69,726 per Bitcoin.
- MSTR stock fell over 2 percent in pre-market trading despite the Bitcoin acquisition.
Strategy added 7,390 Bitcoin to its balance sheet between May 12 and May 18, increasing its holdings to 576,230 BTC. The company, formerly MicroStrategy, spent $764.9 million on this purchase, paying an average of $103,498 per Bitcoin. Despite this acquisition, Strategy’s (MSTR) stock declined over 2% in pre-market trading, now priced around $390.
The firm announced the acquisition in a press release, confirming its continued aggressive Bitcoin accumulation. Strategy paid a total of $40.8 billion for its entire Bitcoin reserve, averaging $69,726 per coin. Although the company achieved a 16.3% year-to-date yield on its Bitcoin holdings, the market responded negatively.
Strategy remains the largest public Bitcoin holder globally, with significant exposure to price fluctuations and regulatory pressures. However, the recent decline in MSTR stock price coincided with news of a class action lawsuit. The lawsuit alleges that Strategy and its executives issued misleading statements about their Bitcoin strategy.
MSTR Stock Faces Class Action and Price Reaction
The class action suit claims Strategy misrepresented its Bitcoin-related plans and performance to the public and shareholders. Legal documents suggest the company may have overstated the security and long-term benefits of its Bitcoin approach. This development has created uncertainty around the firm’s future compliance and public disclosures.
MSTR shares have fallen in pre-market hours despite posting a 25% gain over the past month. The stock’s performance still outpaces Bitcoin, which has gained approximately 8% in 2025. Strategy’s share price movement remains closely linked to Bitcoin’s price behavior and market perception.
Market participants noted that the class action might have impacted sentiment, contributing to the stock’s recent dip. As Bitcoin’s price dipped during the same period, Strategy’s heavy exposure likely amplified the decline. The strong correlation between MSTR and Bitcoin continues to influence trading reactions.
Other Firms Follow Strategy’s Bitcoin Accumulation Path
Japanese firm Metaplanet recently purchased 1,004 Bitcoin, bringing its total holdings to 10,000 BTC. This represents 78% of the company’s short-term Bitcoin target, showing similar commitment to Strategy’s model. Metaplanet’s purchase highlights growing corporate adoption of digital assets for treasury management.
Meanwhile, Basel Medical Group has started discussions to buy up to $1 billion worth of Bitcoin for its reserves. The firm is reportedly exploring Strategy’s framework as a model for managing digital treasury assets. The move indicates rising interest from non-tech sectors in Bitcoin exposure.
