According to ChainCatcher, Portnoy Law Firm announced a class action lawsuit against Strategy (NASDAQ: MSTR; STRK; STRF), representing investors who purchased the company’s securities between April 30, 2024 and April 4, 2025. The lawsuit accuses the company of exaggerating the expected profitability of its Bitcoin investment strategy and underestimating the associated risks.

Previously, US law firm Frank R. Cruz and Pomerantz also filed a class action lawsuit against Strategy, accusing it of issuing misleading statements to investors during the same period.