menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

1d

read

0

img
dot

Image Credit: Bitcoinist

Class Action Lawsuit Filed Against Strategy Over Alleged Bitcoin Misleading

  • A class action lawsuit was filed against Michael Saylor's Strategy and its executives, alleging misleading information regarding the firm's Bitcoin investment strategy.
  • Plaintiff Anas Hamza sues Strategy over alleged misrepresentation of Bitcoin holdings and corporate strategy, seeking damages for these violations of the Securities Exchange Act.
  • Despite legal challenges, Michael Saylor disclosed further Bitcoin purchases, with the firm acquiring 7,390 Bitcoin for approximately $764.9 million, bringing the total holdings to 576,230 BTC valued at around $40.18 billion.
  • MSTR stock price has risen by 76%, trading at $410, reflecting Bitcoin's price recovery above $100,000, while BTC currently trades at $104,860 with a 57% increase year-to-date.

Read Full Article

like

Like

For uninterrupted reading, download the app