Michael Saylor’s company, Strategy, formerly MicroStrategy, faces securities fraud lawsuits that could extend for years, according to legal experts. Since 2020, the firm has been actively purchasing Bitcoin, holding over 601,550 BTC, raising concerns among investors about its crypto strategy. By mid-July, at least seven law firms had filed complaints, alleging that Strategy misrepresented the profitability and risks associated with its Bitcoin investments. The company reported a staggering $5.9 billion unrealized loss on digital assets for the first quarter of 2025. Crypto lawyer Tyler Yagman noted that such class actions often fizzle out. One lawsuit references a significant drop in Strategy’s share price following the disclosure of its losses. Despite the legal challenges, Strategy continues to acquire Bitcoin, recently purchasing $472 million worth. The firm’s market capitalization reached an all-time high, as reported by Saylor. With the rise of Bitcoin ETFs, there is increasing demand for transparency in corporate crypto holdings, emphasizing the need for clear communication from management. Read more AI-generated news on: https://app.chaingpt.org/news

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