Strategy (MicroStrategy) Hit with Class Action Lawsuit Over Its Bitcoin Plan
- Strategy faces class action over alleged bitcoin risk disclosure failures
- Lawsuit claims Strategy hid risks from volatile crypto and accounting changes
- Despite legal threats, Strategy adds 7,390 BTC, boosting holdings to 576,230
Strategy, the company well-known for its big Bitcoin bets and formerly called MicroStrategy, is now facing a new class action lawsuit.
A purported class action lawsuit, recently filed in the U.S. District Court for the Eastern District of Virginia, accuses Strategy of misleading investors about its aggressive bitcoin investment strategy.
The legal action targets several top executives, including Executive Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang. It claims that Strategy failed to provide full transparency on the risks and potential losses tied to its large-scale bitcoin holdings.
Lawsuit Accuses Strategy, Saylor of Misleading Investors on Bitcoin Risks
The plaintiff, Anas Hamza, alleges that Strategy provided false or misleading information about the profitability and risk of its bitcoin-centric treasury approach. Investors who bought shares between April 30, 2024, and April 4, 2025, may be covered under t…
The post Strategy (MicroStrategy) Hit with Class Action Lawsuit Over Its Bitcoin Plan appeared first on Coin Edition.
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Strategy (MicroStrategy) Hit with Class Action Lawsuit Over Its Bitcoin Plan
- Strategy faces class action over alleged bitcoin risk disclosure failures
- Lawsuit claims Strategy hid risks from volatile crypto and accounting changes
- Despite legal threats, Strategy adds 7,390 BTC, boosting holdings to 576,230
Strategy, the company well-known for its big Bitcoin bets and formerly called MicroStrategy, is now facing a new class action lawsuit.
A purported class action lawsuit, recently filed in the U.S. District Court for the Eastern District of Virginia, accuses Strategy of misleading investors about its aggressive bitcoin investment strategy.
The legal action targets several top executives, including Executive Chairman Michael Saylor, CEO Phong Le, and CFO Andrew Kang. It claims that Strategy failed to provide full transparency on the risks and potential losses tied to its large-scale bitcoin holdings.
Lawsuit Accuses Strategy, Saylor of Misleading Investors on Bitcoin Risks
The plaintiff, Anas Hamza, alleges that Strategy provided false or misleading information about the profitability and risk of its bitcoin-centric treasury approach. Investors who bought shares between April 30, 2024, and April 4, 2025, may be covered under t…
The post Strategy (MicroStrategy) Hit with Class Action Lawsuit Over Its Bitcoin Plan appeared first on Coin Edition.
Read More