Strategy Shrugs Off Lawsuit, Buys Another Half Billion in Bitcoin

Bitcoin The Treasury Strategy on Monday announced another crypto purchase, bringing the total share to over 580,250 BTC – $ 63.7 billion at today’s prices.

Strategy – Former Micro -zone-Aad bought a 4,020 BTC last week at an average price of $ 106,237 at a digital money. This is worth almost half a billion, because the price of bitcoin is now hovering about $ 110,000.

A software company based in Tysons, Virginia is the largest corporate CRIPTO currency carrier, and now focuses on buying property to his high and lowest-none-so that investors can get exposure to Bitcoin through their shares from Nasdaq.

Still, the latest shopping strategy was less than recent transactions: the company spent $ 764.9 million and $ 1.34 billion In other weekly purchases earlier this month.

The strategic section (Nasdaq: Mstr) is currently traded at $ 369.51 – already 8% lower than its price on Friday.

The company was last week hit With a lawsuit of an investor claiming that his executives made false and misleading statements about the profitability of his Masterplan in the purchase of BTC. The stock strategy was hit after the news of the lawsuit fell.

However, in the long run, Mrstr rocketed since he started buying a leading crypto currency in 2020: he traded for less than $ 15 pop, and then increased by more than 2,400%.

Other companies are now following their leadership – although smaller – shooting bitcoin as a way to get shareholders better for money. Health company Cosmos health (Nasdaq: cosm) and car company Working dispute (NASDAQ: WKSP) Last year announced plans to buy a cryptocurrency with spare cash and energy storage company Kulr Technology Group (Nasdaq: Kurl) BTC quickly obtained.

Bitcoin has recently traded For $ 109,826, more than 2% over a 24 -hour period, according to to Coingecko data.

It was in April, digital assets fell below $ 75,000 when President Trump has spoiled markets with his trade retoria, but since then he has recovered and touched new highlights.