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.