MicroStrategy Splashes US$427 Million on 4,020 Bitcoin as Shares Slump Amid Legal and Insider-Sale Pressures
Despite the buy, Strategy faces pressure from insider stock sales and legal challenges..
Other firms are following Strategy’s lead, including Metaplanet, Nakamoto, and Semler Scientific.
Strategy has added another 4,020 BTC to its already massive Bitcoin stash, spending US$427.1M (AU$658.9M) between May 19 and 23 at an average price of US$106,237 (AU$163,935) per coin.
This pushes its total holdings to 580,250 BTC (controlling over 3% of the Bitcoin supply), now worth over US$63B (AU$97B) and locking over US$22B (AU$33.9B) in paper profits, according to the announcement.
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Strategy Expanding Its BTC Stash
But while Strategy continues stacking BTC at pace, insider share sales and legal headwinds are casting shadows. For instance, the firm’s director Jarrod Patten dumped another 2,650 MSTR shares between May 16 and 21, pocketing nearly US$1.1M (AU$1.70M), according to a filing from the Securities and Exchange Commission (SEC).
Since late April, Patten has offloaded over US$6.7M (AU$9.3M) worth of stock, while the company’s CFO Andrew Kang joined in and sold 2,185 shares on May 23 for a reported US$719,447 (AU$1.1M).
Meanwhile, Strategy’s stock, MSTR, has dropped over 7% today, sliding from US$420 (AU$647) to US$369 (AU$568). That follows a class-action lawsuit filed on May 19, accusing the company of misleading shareholders over risks tied to its Bitcoin strategy.
MSTR Price. Source: Google Finance
Still, none of it seems to shake Saylor’s conviction.
Beyond Strategy, a wave of firms is mimicking the blueprint. Over 70 entities now report BTC on their balance sheets, from Metaplanet to Tether-backed Twenty One. New names like Nakamoto and KindlyMD have also signaled plans to adopt a Bitcoin treasury model.
One of the most recent firms to join the Bitcoin buying wagon is Semler Scientific, which raised more money to buy over 450 BTC. This is despite certain financial and legal challenges, which seems to be something that all of these companies have in common.
Related: Saylor’s New BTC Buying Strategy, Metaplanet Doubles and Happy Bitcoin Pizza Day
The post MicroStrategy Splashes US$427 Million on 4,020 Bitcoin as Shares Slump Amid Legal and Insider-Sale Pressures appeared first on Crypto News Australia.
Filed under: Bitcoin - @ May 27, 2025 3:14 am