Strategy, east microstrate, and top corporate bitcoin holder, acquired around $ 765 million bitcoin last week. The company faces a square-action case as a purchase.
According to May 19 AnnouncementThe strategy acquired 7,390 BTC for approximately $ 764.9 million at an average price under $ 103,500. The strategy reported the yield of bitcoin of 16.3% year-by-year.
According On May 19, the Firm was also hit with a class action lawsuit, filing with the US Securities and Exchange Commission (SEC) filing. The suit accused the strategy officials of failing to correctly represent the nature of bitcoin investment.
As of May 18, the strategy has acquired 576,230 BTC, which is acquired by about $ 40.18 billion at an average price of $ 69,726 per coin. At current prices, the company’s total holding costs more than $ 59.2 billion, which represents untrue benefits of $ 19.2 billion or 47%.
According to coinmarketcap dataCompared to the previous month, Bitcoin traded at around $ 102,615 at the time of writing, which was 20.3% in the previous month.
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Kitched a strategy with a suit
Recently, “an alleged class action case, which was filed in the US District Court for the eastern district of Virginia,” Michael Sure, its chairman and CEO Fong Le and Executive Vice President and Chief Financial Officer Andrew Kong against the company officials.
Strategy officials have been accused of violation of Section 10 (B) of “1934’s Securities Exchange Act, as amended (” Exchange Act “), and Rule 10 B -5, and Section 20 (A) of the Exchange Act.” Filting States:
“(Claim of suit) that the nominee defendants made the wrong and/or misleading statements in relation to our bitcoin-centered investment strategy and various risks related to the anticipated profitability of treasury operations and various risks related to the instability of bitcoin.”
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Corporate bitcoin treasury trend increases
The bitcoin treasury strategy of strategy has inspired many other companies to follow their footsteps. Last week, luxury watchmaker top win shares Premarkat increased by more than 60% After trading, the company said it would adopt a bitcoin accumulation strategy and changed its name to Asiastrategy.
Asiastrategy stated that he is partnered with Sora Ventures to implement his plan, first partnered with Metaplanet in 2024 to make Japan’s first corporate bitcoin treasury. Metaplanet Now Al Salvador holds more bitcoinsLast week too, a Bahrain-based listed catering company with $ 24.2 million market cap A bitcoin treasury strategy adopted Investment firm in partnership with 10X capital.
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