worldcoinindex.com
Between May 12 and May 18, 2025, Michael Saylor’s firm Strategy made another bold move in the crypto space, acquiring 7,390 Bitcoin in a deal valued at approximately $765 million. This latest purchase lifts Strategy’s total BTC holdings to an eye-popping 576,230 coins—now worth over $59 billion.
According to an SEC filing published Monday, Strategy financed the massive buy using proceeds from recent stock activities. The company raised capital through sales of roughly 1.7 million MSTR shares and over 621,000 STRK shares, as well as through a Series A perpetual convertible preferred stock issuance. Despite the significant sales, the firm still has authorization to issue $18.9 billion more in MSTR shares and around $20.7 billion in STRK shares.
With an ambitious target of holding $42 billion in Bitcoin by the close of 2027, Strategy appears committed to growing its digital asset portfolio regardless of market turbulence.
Now holding more than 2.7% of Bitcoin’s total circulating supply, Strategy leads the pack among corporate holders, ahead of competitors like MARA Holdings and the newly launched Twenty One, which has backing from Tether.
However, Strategy’s aggressive Bitcoin strategy is facing legal scrutiny. A class action lawsuit was filed on May 16, 2025, in the U.S. District Court for the Eastern District of Virginia. The complaint accuses Strategy and its executives of making misleading statements and failing to adequately disclose risks related to its Bitcoin-centric approach and the evolving crypto accounting standards.
While the company has vowed to contest the allegations, it acknowledged that the outcome of the litigation remains uncertain, as does the financial impact it might carry.