<ul data-eligibleForWebStory="true"><li>Strategy Inc., formerly known as MicroStrategy, is facing at least five class-action lawsuits totaling around $6 billion in unrealized losses due to their Bitcoin holdings.</li><li>Investors claim that the company misled them about the risks associated with Bitcoin and the impact on profitability, leading to allegations of securities fraud.</li><li>Executives' trades prior to disclosing an accounting change have raised suspicion of insider dealing, potentially strengthening the lawsuits' claims.</li><li>Despite the legal challenges, Strategy's stock has risen by nearly 30% this year, as they hold a sizable amount of Bitcoin with significant unrealized gains.</li></ul>

Bitcoin Bet Turns Bitter: 5 Lawsuits Vs. Strategy For $6 Billion Losses

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