MicroStrategy Deepens Bitcoin Bet With $764.9M Acquisition Amid Market Surge

In a bold reaffirmation of its commitment to cryptocurrency, business intelligence firm MicroStrategy has acquired an additional 7,390 Bitcoin for approximately $764.9 million. The purchase, made between May 12 and May 18 at an average price of $103,498 per BTC, brings the company’s total holdings to a staggering 576,230 Bitcoin—valued at around $59 billion.

MicroStrategy funded this acquisition through a mix of equity financing: a $705.7 million at-the-market (ATM) offering of Class A common stock and the issuance of 621,555 shares of Series A STRK preferred stock, worth approximately $59.7 million.

The firm, led by Executive Chairman Michael Saylor, continues to solidify its status as a vanguard of institutional Bitcoin adoption. With an average purchase price of $69,726 per coin across its entire Bitcoin reserve, MicroStrategy’s total investment now exceeds $40.18 billion.

This aggressive accumulation strategy coincides with broader signals of rising institutional interest. Japanese tech firm Metaplanet also expanded its Bitcoin treasury by 1,004 BTC at roughly $105,000 per coin. Over the past seven weeks, Metaplanet has increased its holdings by 3,754 BTC, reaching a total of 7,800 BTC valued at approximately $732 million.

Analysts suggest that as more corporations and financial entities allocate capital to Bitcoin, its scarcity and institutional credibility will push demand and potentially drive prices higher. MicroStrategy and Metaplanet exemplify this trend, signaling growing confidence in Bitcoin’s long-term value proposition.

However, MicroStrategy’s aggressive crypto strategy is not without controversy. On May 16, a class action lawsuit was filed in the U.S. District Court for the Eastern District of Virginia, alleging that MicroStrategy and top executives—Michael Saylor, Phong Le, and Andrew Kang—misled investors about the risks of its Bitcoin-centric strategy. Filed by plaintiff Anas Hamza, the lawsuit claims that key risk disclosures were omitted or downplayed.

The case adds a layer of legal uncertainty that could affect investor sentiment, even as the company doubles down on its Bitcoin ambitions.

these developments highlight the increasingly complex intersection of digital assets, institutional finance, and regulatory oversight. As Bitcoin reclaims the $100K mark, MicroStrategy’s latest move underscores a high-stakes bet on the future of decentralized finance.