MicroStrategy buys 7,390 BTC for $765M; class action suit filed over bitcoin strategy

Strategy Inc

Acquired 7,390 BTC for $764.9M at avg $103,498; total holdings now 576,230 BTC at avg $69,726.
ATM sales May 12-18: 1.71M MSTR shares for $705.7M net, 621.6K STRK shares for $59.7M net.
Class action filed May 16 in EDVA against MicroStrategy, Saylor, Le, Kang under SEC Rule 10b-5 and Section 20(a).
Suit alleges false/misleading statements about bitcoin strategy profitability and risk; no loss estimate provided.

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