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Breaking: Strategy Acquires 7,390 Bitcoin For $764 Million, MSTR Stock Price Declines Pre-market

CoinGape LogoCoinGape13h ago

Breaking: Strategy Acquires 7,390 Bitcoin For $764 Million, MSTR Stock Price Declines Pre-market - CoinGape

Quick Summary:

Despite this announcement, the MSTR stock price has declined, with the firm facing a class action suit over misleading statements regarding its Bitcoin Strategy.

Michael Saylor’s Strategy, previously known as MicroStrategy, made another Bitcoin purchase between May 12 and May 18, bringing the company’s total BTC holdings to 576,230.

Strategy, once MicroStrategy, has also achieved a BTC yield of 16,3% year-to-date (YTD).

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Breaking: Strategy Acquires 7,390 Bitcoin For $764 Million, MSTR Stock Price Declines Pre-market - CoinGape (Picture 1)

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-19 @ 12:28:45 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 186 words

Reading Time: 2 minutes read

Sentences: 34 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28818256

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 30 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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The story "Breaking: Strategy Acquires 7,390 Bitcoin For $764 Million, MSTR Stock Price Declines Pre-market" has 186 words across 34 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Breaking: Strategy Acquires 7,390 Bitcoin For $764 Million, MSTR Stock Price Declines Pre-market" was covered 13 hours ago by CoinGape, a news publisher based in India.

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CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 30 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://xinca.beamstart.com/news/breaking-strategy-acquires-7390-bitcoin-1747657797

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