Strategy Acquires 4,020 Bitcoin at $106,237 Each Despite Share Price Drop

Strategy, a prominent corporate Bitcoin investor, recently acquired 4,020 Bitcoin (BTC) between May 19 and 23, at an average price of $106,237 per coin. This purchase was made as the price of Bitcoin briefly surged above $110,000 on May 22. The acquisition marks the fourth Bitcoin purchase by Strategy in May, bringing the company's total BTC holdings to 580,250 BTC, acquired for approximately $40.61 billion at an average price of $69,979 per coin.

The latest purchase by Strategy reflects the company's philosophy of acquiring Bitcoin regardless of its price, as Michael Saylor, the company's CEO, has previously vowed to keep buying Bitcoin at the top forever. This strategy aligns with Saylor's long-term vision of Bitcoin as a store of value and a hedge against inflation. The company's commitment to Bitcoin is evident in its continuous acquisitions, even as the price of Bitcoin fluctuates.

The acquisition of 4,020 Bitcoin by Strategy comes at a time when the company's shares have been tumbling from their all-time highs. 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. The suit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud in April 2025. The highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024. Despite the legal challenges and the drop in share prices, Strategy remains steadfast in its Bitcoin investment strategy.

Additionally, Strategy’s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten. According to a report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and 21, worth nearly $1.1 million. Since April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million. Furthermore, 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. These sales by key executives indicate a level of confidence in the company's financial health and its long-term investment strategy in Bitcoin.

The recent acquisition of Bitcoin by Strategy is a testament to the company's commitment to Bitcoin as a long-term investment. Despite the recent drop in the company's shares, Strategy continues to acquire Bitcoin, reflecting its belief in the cryptocurrency's potential as a store of value. The company's philosophy of acquiring Bitcoin regardless of its price is a bold move that sets it apart from other corporate investors. This strategy not only demonstrates Strategy's confidence in Bitcoin but also its resilience in the face of market volatility and legal challenges.