{"id":129999,"date":"2025-05-26T12:17:52","date_gmt":"2025-05-26T12:17:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129999"},"modified":"2025-05-26T12:17:52","modified_gmt":"2025-05-26T12:17:52","slug":"strategy-bags-4020-bitcoin-as-price-hits-record-above-110k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129999","title":{"rendered":"Strategy bags 4,020 Bitcoin as price hits record above $110K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsMichael Saylor\u2019s Strategy, one of the world\u2019s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the cryptocurrency briefly surged past $110,000 last week.<br \/>\nStrategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and May 23, the firm announced in the filing with the US Securities and Exchange Commission published on May 26.<br \/>\nThe newly announced purchases were made at an average price of $106,237 per BTC, with Bitcoin for the first time breaking past $110,000 on May 22.<br \/>\nThe acquisition marks the fourth Bitcoin purchase by Strategy in May, bringing Strategy\u2019s total BTC holdings to 580,250 BTC, acquired for approximately $40.61 billion at an average price of $69,979 per coin.<br \/>\nStrategy director sells 2,650 MSTR shares<br \/>\nStrategy\u2019s new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.<br \/>\nAccording to a Strategy report of the proposed sale of securities filed on May 22, Patten sold 2,650 MSTR shares in the period between May 16 and May 21, worth nearly $1.1 million.<br \/>\nSince April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million.<br \/>\nThe past three MSTR sales from Strategy\u2019s report of the proposed sale of securities. Source: SECAdditionally, Strategy\u2019s chief financial officer, Andrew Kang, sold 2,185 Class A shares on May 23, netting $719,447,\u00a0according\u00a0to an amended report filed on May 23.<br \/>\nMSTR slides 12% after class-action lawsuit<br \/>\nStrategy\u2019s new purchase reflects Saylor\u2019s philosophy of acquiring Bitcoin no matter how high the prices are, as he previously vowed to keep buying Bitcoin at the top forever in late 2024.<br \/>\nIn the meantime, Strategy\u2019s shares have been tumbling from their all-time highs recently, losing at least 12% in the past week, with prices falling from around $420 to $369, according to TradingView data.<br \/>\nRelated: Strategy will beat all public equities with Bitcoin, analyst says<br \/>\nStrategy (MSTR) five-day price chart. Source: TradingViewThe highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024.<br \/>\nThe recent drop in Strategy shares came after the company was hit with a class-action lawsuit alleging that the company had misrepresented Bitcoin investments. Filed on May 19, the suit seeks to recover losses of shareholders who were adversely affected by alleged securities fraud in April 2025.<br \/>\nMagazine: Arthur Hayes $1M Bitcoin tip, altcoins \u2018powerful rally\u2019 looms: Hodler\u2019s Digest, May 11 \u2013 17<a href=\"https:\/\/cointelegraph.com\/news\/strategy-bags-bitcoin-price-record-past-110?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsMichael Saylor\u2019s Strategy, one of the world\u2019s largest corporate Bitcoin investors, bagged a fresh stash of BTC as the cryptocurrency briefly surged past $110,000 last week. Strategy acquired&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129999"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129999"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129999\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129999"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}