⚠️ Strategy and its #CEO , Michael Saylor, are now facing a class action lawsuit. The plaintiffs have made three major allegations against the company:
1. **Lack of Proper Disclosure Regarding Bitcoin Risks:** It is claimed that the company did not adequately inform investors about the extreme volatility and risks associated with Bitcoin.
2. **Exaggeration of Bitcoin Investment Profitability:** The lawsuit alleges that Strategy presented an overly optimistic view of the potential returns from its Bitcoin investment #strategy .
3. **Failure to Alert Investors About Possible Losses Due to New Accounting Standards:** According to the plaintiffs, the company did not warn shareholders about the potential financial impact resulting from recent changes in cryptocurrency accounting rules.