Strategy Drops $765M on Bitcoin, But Guess What? They’re Being Sued!
So, here’s the lowdown: on May 19, Strategy announced that they’d acquired 7,390 BTC for a neat $764.9 million, averaging around $103,500 per coin. Talk about a risky move! The company’s Bitcoin stash has yielded a solid 16.3% gain this year. Pretty decent, right? But that’s not the punchline. As of May 18, Strategy holds a jaw-dropping 576,230 BTC, valued at around $40.18 billion, with an unrealized gain of $19.2 billion. Not bad for a digital gold rush! 💸