The strategy, previously Microstrategy, and the main head of Bitcoin Corporate, acquired almost $ 765 million Bitcoin last week. The purchase occurs when the company faces collective demand.
According to a May 19 advertisement, the strategy acquired 7,390 BTC for approximately $ 764.9 million at an average price of just under $ 103,500. The strategy reported a Bitcoin performance or 16.3% in the year in which it is cited.
According to a presentation of May 19 before the presentation of the United States Stock Exchange and Securities Commission (SEC), the company was also beaten with collective demand. The demand accuses strategy officials of not having represented the nature of Bitcoin’s investments precisely.
As of May 18, the strategy has 576,230 BTC acquired for around $ 40.18 billion at an average price or $ 69,726 per tape. At current prices, the company’s total holdings are valued at more than $ 59.2 billion, which represents an unrealized gain of $ 19.2 billion, or 47%.
According to Coinmarketcap data, Bitcoin was negotiated in around $ 102,615 at the time of writing, 20.3% more than the last month.
Related: Jim Chanos takes opposite bets in Bitcoin and strategy
Strategy hit with a demand
In a recent one, “an alleged collective claim was presented in the United States District Court for Eastern District of Virginia against” the company’s executives, including executive president Michael Saylor, president and head of offers and executive.
Strategy officials are accused of “Violations of Section 10 (B) of the Values Exchange Law of 1934, according to amended (the” exchange law “), and rule 10b-5 under it, and section 20 (a) of the exchange law”. The filling says:
“He [suit claims] That the appointed defendants made false and/or floues statements regarding respect to reveal information regarding the early profitability of our Bitcoin -centered investment strategy and treasure operations, and the various risks.
Related: The strategy will overcome all public actions with Bitcoin, says the analyst
Corporate Bitcoin Treasury trend grows
The Bitcoin Treasury strategy of the strategy has inspired other companies to follow its steps. Last week, the Top Win luxury clock actions increased more than 60% in trade prior to commercialization after the company said it would adopt a Bitcoin accumulation strategy and had changed its name to Asiastratey.
Asiastrategy said he meets Sora Ventures to implement his plan, which was previously associated with Metaplanet in 2024 to create the first Bitcoin corporate treasure in Japan. Metaplenet now has more bitcoin than El Salvador. Also last week, a Catering company listed in Bahrain headquarters with a market capitalization of $ 24.2 million adopted a Bitcoin treasury strategy in association with the investment firm 10x Capital.
Magazine: Rise of Microsstratyy Clones, Asia dominates the adoption of cryptography: Review of Asia Express 2024
