Investment firm Strategy has made a significant move in the cryptocurrency market, acquiring 7,390 bitcoins worth over $764.9 million during a period from May 12th to 18th. The announcement triggered a price surge for Bitcoin, reflecting the positive response from institutional investors. This substantial acquisition is part of Strategy’s ongoing strategy of building its Bitcoin portfolio. 85% of this investment was funded through stock sales. 2.7% of bitcoin supply currently falls under Strategy’s control and could significantly impact market dynamics in the long term. This bold move comes amidst a class-action lawsuit filed against Strategy concerning its investments. The firm, led by co-founder Michael Saylor, is known for its significant shift towards crypto investment following his experience with MicroStrategy. 576,230 BTC, now under Strategy’s portfolio, makes up over $59 billion in value. This acquisition has further increased the price of Bitcoin to approximately $106,920. Saylor remains committed to Bitcoin despite ongoing legal challenges and market fluctuations. The firm’s bold move highlights their strategy of using stocks as funding for bitcoin acquisitions. However, this approach draws scrutiny from legal actions against them.