Strategy, formerly Microstrategy, and the best business bitcoin holder, acquired nearly $ 765 million in Bitcoin last week. The purchase comes as the company faces a collective appeal.
According to an announcement of May 19, the strategy acquired 7,390 BTC for around $ 764.9 million at an average price of just under $ 103,500. The strategy has declared a bitcoin return of 16.3% since the start of the year.
According to a file submitted from May 19 to the American Securities and Exchange Commission (SEC) file, the company was also struck by a collective appeal. The prosecution accuses those responsible for the strategy of having failed to represent the nature of Bitcoin investments with precision.
Since May 18, the strategy has 576,230 BTC acquired for around 40.18 billion dollars at an average price of $ 69,726 per room. At current prices, the company’s total assets are valued at more than $ 59.2 billion, which represents an unable to gain $ 19.2 billion, or 47%.
According to CoinmarketCap data, Bitcoin exchanged $ 102,615 when writing the editorial’s time, up 20.3% in the last month.
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Strategy struck by a trial
In a recent, “an alleged collective appeal was filed with the American district court for the Virginia Oriental District against the company’s leaders, including executive president Michael Saylor, its president and chief executive and executive and financial director Andrew Kang.
The officials of the strategy are accused of “violations of article 10 (b) of the SECURITIES EXCHANGE ACT of 1934, as modified (the” law on exchange “), and rule 10b-5 under this, and article 20 (a) of the law on exchange.” The deposit indicates:
“THE [suit claims] That the appointed defendants made false and / or misleading statements concerning and / or did not disclose information with regard to the expected profitability of our investment strategy focused on bitcoin and cash operations, and the various risks associated with the volatility of Bitcoin. “”
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The treasure treasure of business bitcoin increases
The Strategy Bitcoin Treasury strategy has inspired several other companies to follow its traces. Last week, the actions of Luxury Watchmaker Top Win increased by more than 60% of negotiations prior to the note after the company declared that it would adopt a Bitcoin accumulation strategy and had changed its name in Asitrategy.
Asitrategy said that he joined forces with Sora Ventures to implement his plan, which had previously associated with Metaplanet in 2024 to create the first Bitcoin Treasury in Japan. Metaplanet now holds more bitcoin than El Salvador. Also last week, a listed catering company based in Bahrain with a market capitalization of 24.2 million dollars adopted a Bitcoin cash strategy in partnership with the investment company 10x capital.
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