Big legal trouble for Michael Saylor’s Bitcoin strategy ⚖️🚨
Pomerantz LLP has launched a class action lawsuit against Strategy, accusing the firm of misleading investors about the risks and profitability of its Bitcoin holdings. The suit claims that new accounting rules exposed $5.9 billion in unrealized losses — leading to an 8% stock price crash in Q1 2025 📉.
Renowned short-seller Jim Chanos chimed in, calling Strategy’s approach “financial gibberish,” while other market analysts warn this could be a major wake-up call for public companies aggressively stacking Bitcoin 📊.
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