MicroStrategy Incorporated (NASDAQ: MSTR) has continued expanding its bitcoin holdings while raising capital through recent stock offerings. Between May 12 and May 18, 2025, the company sold approximately 1.71 million shares of its Class A common stock, generating net proceeds of $705.7 million and leaving nearly $19 billion worth of shares available for future sale. In addition, MicroStrategy sold over 621,000 shares of its 8.00% Series A perpetual preferred stock, bringing in $59.7 million and maintaining more than $20 billion of preferred shares available.
Using proceeds from these sales, MicroStrategy invested $764.9 million to purchase 7,390 bitcoins at an average price of about $103,498 each. This acquisition brings the company’s total bitcoin holdings to 576,230 coins, acquired at an average cost of $69,726 per bitcoin, with an aggregate purchase price exceeding $40 billion.
In a separate development, on May 16, 2025, MicroStrategy disclosed that it faces a class action lawsuit alleging that the company and certain executives made false or misleading statements about the profitability of its bitcoin investment strategy and failed to adequately disclose risks tied to bitcoin’s volatility. The lawsuit seeks unspecified damages, and MicroStrategy has pledged to vigorously defend against the allegations. The financial impact of the lawsuit remains uncertain.