Buys

In brief

Software firm and Bitcoin treasury Strategy—formerly MicroStrategy—was hit with a lawsuit last week.
The company’s stock dropped.
But that didn’t stop it from buying more Bitcoin.

Bitcoin treasury company Strategy on Monday announced another crypto buy, bringing its total holdings to over 580,250 BTC—worth $63.7 billion at today’s prices.

Strategy—formerly MicroStrategy—said it bought 4,020 BTC last week for an average price of $106,237 per digital coin. That’s nearly another half billion worth, as the price of Bitcoin now hovers around $110,000.

The Tysons, Virginia-based software company is the largest corporate holder of the cryptocurrency, and now focuses on buying the asset—at its highs and lows—so that investors can get exposure to Bitcoin via its Nasdaq-listed shares.

Strategy has acquired 4,020 BTC for ~$427.1 million at ~$106,237 per bitcoin and has achieved BTC Yield of 16.8% YTD 2025. As of 5/25/2025, we hodl 580,250 $BTC acquired for ~$40.61 billion at ~$69,979 per bitcoin. $MSTR $STRK $STRF https://t.co/eAd03GIKam

— Michael Saylor (@saylor) May 26, 2025

Still, Strategy’s most recent buy was smaller than recent transactions: the company spent $764.9 million and $1.34 billion in other weekly purchases earlier this month.

Strategy stock (NASDAQ: MSTR) is right now trading at $369.51—nearly 8% lower than its Friday price.

The company was last week hit with a lawsuit from an investor who alleged its executives made false and misleading statements about the profitability of its BTC-buying masterplan. Strategy stock took a hit after news of the lawsuit dropped.

Over the long term, however, MSTR has rocketed since it started buying the leading cryptocurrency in 2020: It was trading for under $15 a pop back then and is up more than 2,400%.

Other companies are now following its lead—albeit smaller ones—by snapping up Bitcoin as a way to get shareholders better value for money. Healthcare company Cosmos Health (NASDAQ: COSM) and auto firm Worksport (NASDAQ: WKSP) last year both announced plans to buy crypto with spare cash, and energy storage company KULR Technology Group (NASDAQ: KURL) has been fast-acquiring BTC.

Bitcoin was recently trading for $109,826, up more than 2% over a 24-hour period, according to CoinGecko data.

Just in April, the digital asset dropped below $75,000 when President Trump rattled markets with his trade war rhetoric but has since recovered and touched new highs.

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In brief

A law firm has opened up an investigation into Semler Scientific’s compliance with securities laws and other business practices.
Bragar Eagel & Squire urged Semler’s shareholders who have “suffered losses” to contact its lawyers.
Semler disclosed another $50 million Bitcoin buy this week, bringing its BTC stash to $466 million worth.

A U.S. law firm is considering potential legal claims against Nasdaq-listed healthcare technology firm Semler Scientific, on behalf of the Bitcoin-holding company’s shareholders—though it hasn’t stopped Semler from buying up BTC.

Bragar Eagel & Squire, P.C. on Thursday said it is looking into whether Semler Scientific violated federal securities laws or engaged in other unlawful business practices. In a statement, the law firm urged Semler’s shareholders to contact its lawyers in relation to the investigation.

The medical device company revealed in February that the U.S. Department of Justice might file a legal complaint against its business.

$SMLR acquires 455 #Bitcoins for $50 million and has generated BTC Yield of 25.8% YTD. Now holding 4,264 $BTC. Flywheel in motion. 🚀

— Eric Semler (@SemlerEric) May 23, 2025

The DOJ opened an initial civil investigation into Semler’s reimbursement claims, or requests to be reimbursed for certain business expenses related to its QuantaFlo device, in 2017. The federal agency also sent several follow-up requests to Semler in 2019, 2021, 2022, and 2023. And, more recently, the two parties tried and failed to settle the matter.

It isn’t immediately clear whether the potential upcoming Justice Department legal complaint would go beyond the breadth of the agency’s initial inquiry into Semler Scientific’s business practices.

Neither Semler Scientific nor Bragar Eagel & Squire immediately replied to Decrypt’s request for comment.

Semler Scientific shares were trading at $44.20 on Friday, down 1.6% over the past 24 hours. Semler, which has pivoted its focus to become a Bitcoin treasury, has rallied following a rough patch for the company’s stock following the announcement of the DOJ investigation.

The company recently bought another $50 million worth of Bitcoin, as announced Friday, bringing its total holdings to 4,264 tokens, worth roughly $466 million based on current prices.

Bitcoin was recently trading at $108,915, down 2.5% over the past 24 hours but up 16% during the past month, according to CoinGecko data.

Edited by James Rubin

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Strategy Shrugs Off Lawsuit, Buys Another Half Billion in Bitcoin

In brief

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Publicly Traded Semler Scientific Buys More Bitcoin as Law Firm Targets Company

In brief

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