Strategy bags 4,020 Bitcoin as price hits record above $110K

Michael Saylor’s Strategy, one of the world’s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the cryptocurrency briefly surged past $110,000 last week.

Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and May 23, the firm announced in the filing with the US Securities and Exchange Commission published on May 26.

The newly announced purchases were made at an average price of $106,237 per BTC, with Bitcoin for the first time breaking past $110,000 on May 22.

The acquisition marks the fourth Bitcoin purchase by Strategy in May, bringing Strategy’s total BTC holdings to 580,250 BTC, acquired for approximately $40.61 billion at an average price of $69,979 per coin.

Strategy director sells 2,650 MSTR shares

Strategy’s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.

According to a Strategy report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and May 21, worth nearly $1.1 million.

Since April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million.

The past three MSTR sales from Strategy’s report of the proposed sale of securities. Source: SEC

Additionally, Strategy’s chief financial officer, Andrew Kang, sold 2,185 Class A shares on May 23, netting $719,447, according to an amended report filed on May 23.

MSTR slides 12% after class-action lawsuit

Strategy’s new purchase reflects Saylor’s philosophy of acquiring Bitcoin no matter how high the prices are, as he previously vowed to keep buying Bitcoin at the top forever in late 2024.

In the meantime, Strategy’s shares have been tumbling from their all-time highs recently, losing at least 12% in the past week, with prices falling from around $420 to $369, according to TradingView data.

Strategy (MSTR) five-day price chart. Source: TradingView

The highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024.

The recent drop in Strategy shares came after the company was hit with a class-action lawsuit alleging that the company had misrepresented Bitcoin investments. Filed on May 19, the suit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud in April 2025.

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