MicroStrategy and Michael Saylor Face Five Class Action Lawsuits

In early 2025, MicroStrategy invested approximately 7.7 billion in $BTC at an average price of around $95,000. Following a decline to $82,000, the company recorded an unrealized loss of nearly $6 billion.

Currently, five law firms have filed class action lawsuits against MicroStrategy and its Executive Chairman, Michael Saylor. The suits allege securities fraud, including accusations of misrepresenting financial statements, overstating growth projections, and minimizing associated risks in order to attract additional capital.

The first lawsuit was filed on May 16, and the number has since grown to five. Legal firms are now competing for lead counsel status — a role that would grant control over the case and access to significant contingency fees.

MicroStrategy has acknowledged the existence of these legal claims in its recent SEC filings and has stated that it intends to defend itself. The ultimate legal and financial implications remain uncertain. #MicroStrategy