Strategy Shrugs Off Lawsuit, Buys Another Half Billion in Bitcoin

Bitcoin Treasury Company Strategy announced a crypto -buy on Monday, which brought the total interest to more than 580,250 BTC – WORTH $ 63.7 billion at today’s prices.

Strategy – Formerly Micro strategy“Said it bought 4,020 BTC last week for an average price of $ 106,237 per digital currency. That is almost still worth half a billion, because the price of Bitcoin is now floating around $ 110,000.

The software company based in Tysons, the Virginia-based software company is the largest company holder of the cryptocurrency and is now focusing on buying the active in its peak and lows-in-it-all investors can be given exposure to Bitcoin via his Nasdaq-stock market-generated shares.

Yet the most recent purchase of the strategy was smaller than recent transactions: the company spent $ 764.9 million And $ 1.34 billion In other weekly purchases earlier this month.

Strategy shares (Nasdaq: MSTR) now act at $ 369.51 – almost 8% lower than Friday’s price.

The company was last week hit With a lawsuit of an investor who claimed that his managers have made false and misleading statements about the profitability of his BTC-Purchasing Master Plan. Strategy shares became a hit after the news about the lawsuit had fallen.

In the long term, however, MSTREN has been shocked since it started buying the leading cryptocurrency in 2020: it then acted for less than $ 15 per doll and more than 2,400%increased.

Other companies now follow the management – albeit smaller – by breaking Bitcoin as a way to get shareholders a better price -quality ratio. Care company Cosmos Health (Nasdaq: Cosm) and Auto firm Work sport (Nasdaq: WKSP) Last year both plans announced to buy crypto with reserve cash and energy storage company KULR Technology Group (Nasdaq: Kurl) is quickly acquired BTC.

Bitcoin was recently traded for $ 109,826, an increase of more than 2% for a period of 24 hours, according to to Coingecko data.

In April the digital active fell below $ 75,000 when President Trump markets rattled with his rhetoric of trade war, but has recovered since then and touched new highlights.