Michael Saylor’s Strategy, previously known as MicroStrategy, made another Bitcoin purchase between May 12 and May 18, bringing the company’s total BTC holdings to 576,230. Despite this announcement, the MSTR stock price has declined, with the firm facing a class action suit over misleading statements regarding its Bitcoin Strategy. MSTR Stock Price In The Red Amid Latest Bitcoin Purchase In a press release, the company announced that it has acquired 7,390 Bitcoin for $764.9 million at an average price of $103,498 per BTC. Strategy, once MicroStrategy, has also achieved a BTC yield of 16,3% year-to-date (YTD). Meanwhile, the company now holds 576,230 BTC, which it acquired for $40.8 billion at an average price of $69,726 per BTC. Saylor’s firm remains the largest corporate Bitcoin holder. Amid this announcement, the Strategy (MSTR) stock price has dropped over 2% in pre-market trading, currently trading at around $390. This decline could relate to reports… Read More at Coingape.com
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