“On May 19, Strategy filed a collective lawsuit in which management is accused of spreading “false or deceptive statements” about the profitability of bitcoin strategy and the silence of the volatility of the asset. The case is included in the case Chairman of the Board of Directors Michael Salor, the General Director of the LE Foundation and the CFO Andrew Kang. The prosecution party refers to violations of securities legislation. According to the representative of the plaintiffs […]”, – WRITE: Businessua.com.ua
On May 19, Strategy has filed a collective lawsuit in which management is accused of spreading “false or deceptive statements” about the profitability of bitcoin strategy and the silence of the volatility of the asset.
The case is included in the case Chairman of the Board of Directors Michael Salor, the General Director of the LE Foundation and the CFO Andrew Kang. The prosecution party refers to violations of securities legislation.
According to the representative of the plaintiffs of Anas Hamza, the claim was filed in the interests of investors who owned Strategy shares from April 30, 2024 to April 4, 2025. The company has declared its intention to “actively defend their position”.
According to the data, Strategy owns 576 230 BTC purchased worth $ 40.2 billion at an average price of $ 69 726. At the current price of Bitcoin in $ 102 615 unfulfilled profit exceeds $ 19.2 billion.
Defi Llama co -founder under the pseudonym 0xngmi criticized the claim, emphasizing that the company has always publicly positioned itself as a “leverage tool for bitcoin”.
The Lawsuit Sems to be People Complaning that Microstrategy Undersstated How Much Money It Could Lose If Btc Went Down
but if you’re buying a company that is self-labelled as “Leverage on Bitcoin”, What do you expect? i Pretty Clear What Will Happen If Btc Goes Down https://t.co/w0dis8zum9 pic.twitter.com/i6uw6zmcqqj
– 0xngmi (@0xngmi) May 19, 2025
“What else to expect from the shares of a company that directly states its dependence on the BTC course?” He commented.
The day before the claim, Strategy purchased another 7390 BTC worth $ 764.9 million at an average price of $ 103,500.
Never Short A Man Who Buys Orange Ink by the Barrel. pic.twitter.com/4H2sebirat
– Michael Saylor (@saylor) May 18, 2025
Recall that for the first quarter of Strategy received $ 5.8 billion in profit from operations with bitcoin, but the total loss of the company exceeded $ 4 billion.
Buying Strategy almost no effect on the price of bitcoin – Vaneck
The gun
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