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.

Pi Network Price Forecast: PI eyes a rebound as broader market recovers

Pi Network hovers above $0.07500 on Wednesday, showing early signs of a rebound from a key support zone after over two weeks of steady decline. The broader market recovery linked to reduced US inflation and the likelihood of fewer rate hikes eases risk-off sentiment, which had been weighing down altcoins.

Top 3 Price Prediction: BTC, ETH and XRP show tentative recovery as key technical levels hold

Bitcoin, Ethereum and Ripple trade with a mild positive bias on Wednesday as sentiment improves across the cryptocurrency market. BTC is testing its 50-day Exponential Moving Average, ETH has broken above a key resistance level at $1,800, while XRP has found support around a key level.

Crypto Market Overview: Bitcoin regains strength – Zcash eyes record high, Pump.fun rebounds

The broader cryptocurrency market shows near-term recovery signals with a weaker-than-expected US Consumer Price Index report for June, easing inflation risks. Bitcoin price hovers above $64,000 on Wednesday, testing the breakout of its 50-day Exponential Moving Average at $65,146, which capped its previous day’s 4% rebound.

Hyperliquid representatives, Trade[XYZ] meet SEC Crypto Task Force to discuss digital asset regulation

The US Securities and Exchange Commission's Crypto Task Force met with representatives from the Hyperliquid Policy Center, XYZ Ltd., which operates Trade[XYZ] and Sullivan & Cromwell LLP to discuss regulatory approaches to digital assets, according to a memorandum released Tuesday.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.