Michael Saylor’s Bitcoin Strategy Acquires $765 Million Worth of BTC Amidst Lawsuit

Michael Saylor-led firm, Strategy, acquired 7,390 bitcoins worth approximately $765 million in a move that has fueled the cryptocurrency market. This acquisition comes amidst a new class action lawsuit against Michael Saylor and his firm. Strategy’s focus on Bitcoin as a core asset is influencing market dynamics, attracting institutional investment, and driving increased demand for Bitcoin. The recent purchase by Strategy marks another significant step towards the company’s established strategy of integrating Bitcoin into its treasury reserve assets since 2020.