🚨STRATEGY (FORMERLY MICROSTRATEGY) FACES CLASS #ACTION OVER BITCOIN STRATEGY
🔹Filed: May 16 in U.S. District #Court (Eastern District of Virginia)
🔹Defendants: Strategy, CEO Michael Saylor, CFO Phong Le, Exec Andrew Kang
Allegations:
🔹Misleading statements on Bitcoin strategy & profitability
🔹Failure to disclose BTC volatility & accounting-related risks
🔹Violations of the Securities Exchange Act
🔹Plaintiff: Anas Hamza, representing investors from Apr 30, 2024 – Apr 4, 2025
🔹Company response: Denies wrongdoing, will defend itself; outcome uncertain