On May 19, Strategy was faced with a collective claim. The leadership of the company is accused of “false or misleading statements” about the profitability of bitcoin strategy and the risks of the volatility of the asset.
Claims are affected by the chairman of the board of Michael Seilor, CEO Fontga Le and the financial director Andrew Kang. The plaintiffs refer to violations of the law on securities.
The prosecution representative Anas Hamza announced claims on behalf of a group of investors for the period from April 30, 2024 to April 4, 2025. Strategy emphasized that “they intend to decisively defend themselves.”
At the time of writing, Strategy owns 576 230 BTC, purchased for $ 40.2 billion (average price is $ 69,726). At the current cost of bitcoin of $ 102,615, an unrealized profit of the company exceeds $ 19.2 billion.
The founder of Defi Llama under the nickname 0xngmi criticized the lawsuit, noting that Strategy “openly positioned itself as a leverage instrument for Bitcoin.”
The Lawsuit Seems to Be People Complaining That Microstrateded How Much Money IF BTC Went Down BTC
But IF You’re Buying a Company that is Self-Labelled as “Liverage on Bitcoin”, What Do You Expect? IT’s Pretty Clear What Will Happen IF BTC Goes Down https://t.co/w0dis8zum9 pic.twitter.com/i6uw6zmcqj
– 0xngmi (@0xngmi) May 19, 2025
In his opinion, claims about the underestimation of risks are unfounded:
The day before filing a Strategy law, I bought 7390 BTC for $ 764.9 million. The average purchase price was $ 103,500 per coin.
NEVER SHORT A Man Whos Orange Ink by The Barrel. pic.twitter.com/4h2sebirat
– Michael Saylor (@saylor) May 18, 2025
Recall that for the first quarter of Strategy, $ 5.8 billion earned on Bitcoin. At the same time, the company’s loss exceeded $ 4 billion.
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Source: Cryptocurrency
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