Strategy boosts Bitcoin holdings while facing investor lawsuit

Jacob Lazurek Coinpaprika

MicroStrategy has expanded its bitcoin portfolio and raised over $765 million through share sales, even as it faces a new class action lawsuit over its crypto investment strategy.

MicroStrategy announced it has raised $765.4 million through two at-the-market (ATM) share offerings between May 12 and May 18, 2025. The company sold 1.71 million MSTR shares and 621,555 STRK preferred shares, significantly boosting its liquidity. These funds were largely directed toward purchasing more bitcoin.

During the same period, MicroStrategy acquired 7,390 BTC for approximately $764.9 million, at an average price of $103,498 per coin. This brings its total holdings to 576,230 BTC, purchased at an average cost of $69,726, totaling $40.18 billion in bitcoin investments.

However, not all news was positive. On May 16, a class action lawsuit was filed against MicroStrategy, its founder Michael Saylor, and executives Phong Le and Andrew Kang. The lawsuit claims the company misled investors about the profitability and risk of its bitcoin-focused strategy, especially in light of volatility and potential losses associated with accounting changes under new crypto asset standards (ASU 2023-08).

Despite legal troubles, the company maintains a dashboard at www.strategy.com to keep the public informed on its operations, including real-time updates on its bitcoin transactions and stock activities.

Author

Jacob Lazurek

Coinpaprika

In the dynamic world of technology and cryptocurrencies, my career trajectory has been deeply rooted in continuous exploration and effective communication.

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