Tag: 765M

Strategy adds $765m in Bitcoin, holdings top 576,000 BTC amid treasury shift

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Strategy, formerly known as MicroStrategy, has acquired another 7,390 BTC.  The Bitcoin (BTC) was purchased with approximately $764.9 million between May 12 and May 18, pushing Strategy’s total holdings to 576,230 BTC, according to an SEC filing on Monday. The acquisition was funded through a combination of stock offerings, including the sale of 1.7 million shares of its Class A common stock for $705.7 million and 621,555 shares of its Series A perpetual preferred stock for $59.7 million.  Strategy now holds more than $18.9 billion in MSTR and $20.7 billion…

Strategy adds 7,390 BTC for $765M, gets hit with class-action lawsuit

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Strategy, formerly MicroStrategy, the top corporate Bitcoin holder, acquired nearly $765 million of Bitcoin last week. The purchase came as the company faced a class-action lawsuit. According to a May 19 announcement, Strategy acquired 7,390 BTC for about $764.9 million at an average price just under $103,500. Strategy reported a Bitcoin yield of 16.3% year-to-date. Strategy executive chairman Michael Saylor made his usual hint at the purchase in a May 18 X post. Source: Michael Saylor According to a May 19 filing with the US Securities and Exchange Commission (SEC), the…

Arkham Reveals Tesla’s $765M in Bitcoin Still Intact—Here’s What’s Happening

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According to Arkham Intelligence, the bitcoin transferred by Tesla last week was likely just relocated to newer wallets, but the company still holds control over the funds. Arkham revealed that the assets are now spread across seven separate wallets. Arkham Confirms Tesla’s Bitcoin Stash Remains Untouched—Spacex Holds $550M The crypto community buzzed last week when […] Original