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Michael Saylor’s Strategy Sued Over False Bitcoin Investment Claims

  • Strategy, led by Michael Saylor, is facing a lawsuit for allegedly hiding Bitcoin risks and misleading investors.
  • The lawsuit claims Strategy focused on gains and ignored significant Bitcoin-related risks such as price volatility and accounting rule changes.
  • Strategy, holding over 597,000 Bitcoins, is the largest corporate Bitcoin holder globally.
  • The lawsuit, filed by Pomerantz LLP, alleges that Strategy omitted crucial details needed for investors to understand the risks, with a focus on unrealized losses under new accounting rules.

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