Michael Saylor’s company made waves last week by purchasing 7,390 Bitcoin worth around $765 million. This bold move brings their total holdings to an eye-popping 576,230 BTC, valued at over $59 billion at today’s prices.
The purchases took place between May 12 and May 18, 2025, funded by selling millions of company shares and issuing preferred stock. Despite facing a new class action lawsuit, Strategy continues to bet big on Bitcoin’s future.
Massive Bitcoin Buybacks Funded by Stock Sales and New Shares
Between May 12 and 18, Strategy raised money primarily through stock sales. They sold roughly 1.7 million shares of their common stock and over 621,000 shares of their STRK class. To top it off, the company also issued Series A perpetual convertible preferred stock.
This financial juggling act is impressive, to say the least. Even after this massive buy, Strategy still has nearly $19 billion in authorized common shares and $20.7 billion in preferred shares they can issue. That’s a ton of firepower to keep scooping up Bitcoin.
Here’s a quick snapshot of how the company financed this latest purchase:
| Capital Raising Method | Shares or Stock Issued | Approximate Value |
|---|---|---|
| Common MSTR Shares Sold | ~1.7 million | Not publicly disclosed |
| STRK Shares Sold | 621,000+ | Not publicly disclosed |
| Series A Preferred Stock Issued | Amount not specified | Not publicly disclosed |
It’s clear Strategy isn’t shy about converting equity into digital gold. Some investors cheer this boldness, while others worry about relying too heavily on Bitcoin’s price swings.
Holding Over 2.7% of All Bitcoin: Corporate Dominance in Crypto
Strategy’s stash now represents more than 2.7% of all Bitcoin circulating worldwide. To put that into perspective, the total supply caps at about 21 million coins.
This huge holding dwarfs competitors like Marathon Digital Holdings (MARA) and new entrants like Twenty One, backed by Tether. Saylor’s company is basically the corporate Bitcoin behemoth.
What does this mean for the market? Well, corporate buying of this scale tends to boost confidence in Bitcoin’s legitimacy as an asset. It also affects supply, potentially nudging prices upward.
But it raises questions, too. How comfortable are regulators seeing a single company hoard so much of the digital currency? And what happens if the market turns south?
Legal Headwinds: Class Action Lawsuit Challenges Transparency
On May 16, 2025, Strategy and its top executives were hit with a class action lawsuit in the U.S. District Court for the Eastern District of Virginia. Plaintiffs claim the company didn’t fully disclose the risks tied to its Bitcoin-heavy strategy.
The suit argues investors were misled about the financial volatility and regulatory uncertainties related to holding such a massive amount of cryptocurrency. It also highlights evolving crypto accounting rules that may complicate financial reporting.
Strategy maintains it followed all disclosure laws and plans to fight the allegations. Still, lawsuits like this can cast a shadow, making investors nervous and potentially impacting stock prices.
What’s Next? Strategy’s Ambitious Bitcoin Goals Remain Unshaken
Despite legal challenges and market jitters, Strategy’s goal is crystal clear: hold $42 billion worth of Bitcoin by the end of 2027.
That’s an ambitious target. To reach it, they’ll likely keep selling shares and issuing stock to fund more Bitcoin purchases. This approach shows a firm belief that crypto will continue to rise in value.
But with growing regulatory scrutiny and market fluctuations, the path forward won’t be smooth. Investors will be watching closely to see if Strategy can keep balancing big crypto bets with shareholder interests.
For now, Michael Saylor’s company remains the headline name in corporate Bitcoin ownership. Whether this strategy pays off or stumbles, it’s shaping how companies think about cryptocurrencies in the years ahead.
