Class action lawsuit filed lawsuit against alleged Bitcoin misleading strategy
May 16, Class Action Litigation was filed against Michael Saylor’s strategy (formerly MicroStrategy) and its senior executives, including President and CEO Phong Le and Chief Financial Officer Andrew Kang.
this plaintiffAnas Hamza claims that Bitcoin (BTC) agency falsely states key aspects of its Bitcoin investment strategy that may violate federal securities laws.
Plaintiff Anas Hamza Prosecution Strategy
The lawsuit claims that the disclosure of the strategy is misleading investors about its substantive facts Bitcoin Holding and company strategy. Hamza filed the lawsuit on behalf of other shareholders who could suffer losses from the company’s alleged misleading communications.
Specifically, the case cites violations of the Securities Exchange Act, which provides for the accurate disclosure of information to investors and search for damages for these so-called violations.
Some of the company’s skeptics, such as Bank of America analyst Craig Coben Worry The company’s positive approach to Bitcoin accumulation may cause shareholders to volatility in the market.
Experts earlier said that if Bitcoin prices collapse, this continued accumulation could turn into a “vicious cycle.” However, Keben stressed that as long as the strategy can be a premium Net asset valueshareholders will benefit.
Michael Saylor previously assured the company’s investors that the company could do even if the value of cryptocurrencies fell by 90% and remained lows for another four to five years.
Saylor reveals new Bitcoin purchase
Despite legal challenges, Michael Saylor has not yet publicly commented on the lawsuit. But, he public More Bitcoin purchases were made on social media platform X (formerly Twitter) on Monday, indicating that the company remains committed to its aggressive acquisition strategy.
By the Securities and Exchange Commission (SEC) Registerthe Bitcoin agency disclosed its additional 7,390 Bitcoin acquisition for approximately $764 million, with an average price of $103,498.
This brings the company’s Bitcoin holdings to 576,230 BTC, worth approximately $40.18 billion. Saylor further noted that the company’s Bitcoin production is 16.3% (YTD) in 2025.
The company’s stock MSTR has also made significant gains since its annual low of $232 in April. Now, it trades at $410, reflecting a 76% increase, which reflects Bitcoin’s Price recovery Beyond the critical $100,000 threshold, it suggests that the market’s capital recovery follows a tough finale in the first quarter of the year.
BTC’s writing traded at $104,860, up 23% over the monthly timeframe, just 3.6% from reaching an all-time high of $109,000 in January last year. Graduates, market-leading cryptocurrencies grew 57% data.
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