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@ tzongocu
2025-05-19 14:02:58
📰 News Alert...
🔖 Title: Strategy Acquires $765M in Bitcoin Amid Class-Action Lawsuit
🗓️ Published: 2025-05-19T15:00:00-04:00
📄 Summary: Strategy, previously known as MicroStrategy, has made headlines by acquiring an additional 7,390 BTC for approximately $765 million. This bold move comes as the company faces a class-action lawsuit alleging that its executives misrepresented the risks associated with Bitcoin investments. As of mid-May, their total Bitcoin holdings stand at over 576,230 BTC, valued at more than $59 billion, showcasing the risk and potential reward in their investment strategy. Notably, this development reflects a growing trend among corporations exploring Bitcoin as part of their financial strategies.
🔗 [Read more](https://cointelegraph.com/news/strategy-buys-7390-bitcoin-hit-with-lawsuit)
🗞️ Source: Cointelegraph by Adrian Zmudzinski
💓 #BitcoinInvestment #CorporateFinance #CryptoNews