Breaking: Strategy Acquires 7,390 Bitcoin For $764 Million, MSTR Stock Price Declines Pre-market

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.

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Strategy Purchases 7,390 Bitcoin For $764 Million

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 about a class action against the company and its executives The lawsuit alleges misleading statements regarding the Bitcoin Strategy. The Bitcoin price could also have contributed to this decline, with both assets sharing a strong positive correlation.

The MSTR stock is still up over 25% in the last month and boasts a YTD gain of just over 38%, making it one of the best-performing assets in 2025. The stock has even outperformed BTC, up around 8% this year.

Meanwhile, Metaplanet, along with MicroStrategy, continues to accumulate more BTC. CoinGape reported that the Japanese firm recently bought 1,004 Bitcoin and now holds 10,000 BT, which marks 78% of the company’s short-term goal.

CoinGape also reported that Basel Medical Group is looking to adopt a Bitcoin Treasury. The company announced that it has begun negotiations to acquire up to $1 billion worth of BTC for its treasury reserves.

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