Strategy bags 4,020 Bitcoin as price briefly breaks $110K

Michael Saylors Strategy, one of the worlds largest corporate Bitcoin investors, bagged a fresh stash of BTC as the price briefly surged above $110,000 last week.Strategy acquired 4,020 Bitcoin (BTC) for $427.1 million between May 19 and 23, the company announced on May 26.The latest purchases were made at an average price of $106,237 per coin, with Bitcoin smashing past $110,000 on May 22.The acquisition marks the fourth Bitcoin purchase by Strategy in May, bringing Strategys total BTC holdings to 580,250 BTC, acquired for approximately $40.61 billion at an average price of $69,979 per coin.Strategy director sells 2,650 MSTR sharesStrategys new Bitcoin acquisition followed a series of Class A sales by Strategy director Jarrod Patten.According 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 21, worth nearly $1.1 million.Since April 22, Patten has sold a total of 17,050 Class A shares worth $6.7 million.The past three MSTR sales from Strategys report of the proposed sale of securities. Source: SECAdditionally, Strategys chief financial officer, Andrew Kang, sold 2,185 Class A shares on May 23, netting $719,447,accordingto an amended report filed on May 23.MSTR slides 12% after class-action lawsuitStrategys new purchase reflects Saylors 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.In the meantime, Strategys 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.Related: Strategy will beat all public equities with Bitcoin, analyst saysStrategy (MSTR) five-day price chart. Source: TradingViewThe highest historic closing price on record for MSTR stock was around $474, recorded on Nov. 19, 2024.The 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.Magazine: Arthur Hayes $1M Bitcoin tip, altcoins powerful rally looms: Hodlers Digest, May 11 17