Bitcoin Bonanza: Strategy Bags $765M in BTC, Now Owns 2.7% of All Bitcoin!

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Well, folks, here we are again. Strategy, which used to go by the less exciting name of MicroStrategy, has done it once more. They’ve picked up another 7,390 Bitcoin—because why not, right? The company spent a cool $764.9 million between May 12 and May 18, making sure their crypto stash now totals a mind-boggling 576,230 BTC. It’s all there in black and white, straight from the SEC filing.

But how did they afford all that shiny Bitcoin? Simple. They sold off some stock, of course. The company unloaded 1.7 million shares of its Class A common stock for $705.7 million and threw in 621,555 shares of Series A perpetual preferred stock for a modest $59.7 million. Because what’s the point of a treasury without a little creative financing, eh?

And let’s not forget, Strategy’s sitting on a pile of stocks worth more than $18.9 billion in MSTR and $20.7 billion in STRK, just waiting to be unleashed. With those numbers, they’re practically swimming in crypto and stock wealth. 📈

Strategy Holds 2.7% of BTC’s Supply… Yep, That’s Not a Typo

Strategy now controls more than 2.7% of all Bitcoin in existence. That’s no small feat when you’re talking about the limited 21 million BTC supply. This little crypto escapade of theirs, with a total spend of $40.2 billion, is now worth over $59 billion. Who says you can’t profit off of crypto in the long run? 💸

And guess what? They’ve got bigger plans. Strategy’s looking to spend another $42 billion on Bitcoin by 2027. It’s all part of their “42/42” capital strategy. How charmingly cryptic, don’t you think? 🧐

As for Bitcoin itself? It’s hovering around $103,000 right now. Meanwhile, MSTR shares took a slight tumble, falling 2.3% in pre-market trading on Monday. Because why not throw in a little volatility for good measure? 🤷‍♂️

But Wait—There’s a Lawsuit!

What’s this? A lawsuit? You betcha. On May 16, Strategy found itself tangled in a new class action suit. The claim? They allegedly misled investors and didn’t properly disclose the risks involved with their Bitcoin strategy. How could they?! But don’t worry, Strategy says they’re fighting back, even though the whole thing is a bit uncertain. Legal drama, anyone? 🎬

Meanwhile, more and more companies are hopping on the Bitcoin bandwagon. Over 70 traditional firms now report some form of BTC exposure. Companies like Metaplanet, Semler Scientific, and even Tether-backed Twenty One are jumping into the crypto game, with one firm recently announcing a jaw-dropping $3.6 billion Bitcoin initiative. The crypto craze just won’t quit! 📊

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2025-05-19 16:44