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Strategy paid $26 million for 245 Bitcoin in the past week, with an average price of $105,856 per Bitcoin. This acquisition is the company’s second-smallest Bitcoin purchase since November.

 

The company financed these purchases using the profits from the STRK and STRF ATMs. After this latest purchase, Strategy possessed 592,345 Bitcoin in total. The company’s total Bitcoin holdings were purchased for an average of $70,681.

Meanwhile, an investor filed a lawsuit against the top executives of a strategy and IT company on Thursday, claiming they violated their fiduciary duties before a multibillion-dollar Bitcoin loss in the company’s first-quarter results.

Abhey Parmar filed a shareholder derivative lawsuit in a federal court in Virginia, alleging that Saylor, Strategy CEO Phong Le, Andrew Kang, the financial chief, and four board members “made materially false and misleading statements” regarding a change in accounting practices.

The Financial Accounting Standards Board rule that Strategy adopted in January went into effect a month earlier, allowing corporate cryptocurrency holders to report the estimated market value of their cryptocurrency on their balance sheets, according to the complaint.

The complaint also states that Strategy’s executives “failed to accurately disclose the full extent” of the potential impact of the accounting change and “the risks associated with Bitcoin’s volatility” before the release of the results.