A number of investors in the United States have united to file a class action lawsuit against Michael Saylor and his company Strategy, accusing them of misleading regarding the performance and potential returns of cryptocurrency.

The plaintiffs in the class action claim that Strategy and Saylor himself exaggerated the returns of Bitcoin while downplaying the volatility of the cryptocurrency market. The legal documents specifically mention various public statements claiming that Bitcoin is an alternative to the US dollar and other traditional currencies.