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Strategy chair Michael Saylor cryptically hinted at another Bitcoin buy as the company faces a lawsuit over its $5.9 billion loss on Bitcoin in Q1.
Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass were hit with an investor lawsuit over its $5.9 billion first-quarter loss on its Bitcoin holdings.

Saylor posted a chart showing Strategy’s past Bitcoin
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purchases to X on Sunday with the caption: “Nothing Stops This Orange.”

His past similar cryptic X posts have been the precursor to Strategy buying Bitcoin. The company has the largest Bitcoin holdings of all public companies at 592,100 BTC, worth around $59.7 billion, with Bitcoin trading just under $101,000.

Strategy’s top execs sued over $5.9 billion Bitcoin loss
Saylor’s post came after he, Strategy, and the company’s top executives were sued by an investor on Thursday who claimed they breached their fiduciary duties before reporting a multibillion-dollar Bitcoin loss in its first quarter results.

The shareholder derivative complaint by Abhey Parmar, lodged in a Virginia federal court, alleged Saylor, Strategy CEO Phong Le, financial chief Andrew Kang and four board directors “made materially false and misleading statements” about an accounting practice change.

The complaint said that in January, Strategy enacted a Financial Accounting Standards Board rule that came into effect a month earlier, allowing the corporate holders of crypto to use the estimated market value of their crypto in their balance sheets.

The suit alleged the accounting change caused Strategy to record a $5.9 billion unrealized loss on its Bitcoin for its Q1 results shared in early April, which caused the company’s stock price to drop nearly 9%.

Shares in MicroStrategy Inc. (MSTR) are up nearly 28% this year, having clawed back from a low of just under $238 in early April. Source: Google Finance

In the lead up to the results, the complaint claimed Strategy’s executives “failed to accurately disclose the full extent” of the possible impact of the accounting change and that they didn’t disclose that “the risks associated with Bitcoin’s volatility were greater than represented.”

“The Company’s profitability when applying its bitcoin-driven investment strategy and treasury options were substantially less profitable than represented,” the suit claimed.
Strategy execs allegedly make $31 million with “inflated” stock sales
The complaint also accused Strategy’s executives of “engaging in lucrative insider sales” of the company’s stock while it was “artificially inflated” before the impact of the accounting changes was made public.
The trades, Parmar claimed, saw the executives make off with nearly $31.5 million.
Related: Michael Saylor’s Strategy premium is not ‘unreasonable’: Adam Back 
The complaint also accused the executives of abusing their control, gross mismanagement and wasting corporate assets.
Class action alleges Strategy misrepresented Bitcoin investment
Strategy was also hit with a proposed class-action lawsuit in mid-May, similarly over adopting the FASB crypto accounting rule that allegedly contributed to its Q1 losses.
That suit, filed by Anas Hamza, similarly alleged the company had “failed to disclose the particular nature or scope of the expected impact while downplaying the attendant risks” when it adopted the new way of accounting.
Strategy said in a regulatory filing in response to the proposed class action that it would “vigorously defend against these claims."
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$ETH
#MarketPullback #IsraelIranConflict #SaylorBTCPurchase

Technical patterns point to a potential 25% rebound in Ether’s price, with whales scooping $263.5 million worth of ETH during the price dip
Key takeaways:

An Ethereum whale accumulated $39 million in ETH during a sharp market sell-off triggered by US airstrikes on Iran.

Ethereum mega-whales added over 116,000 ETH on June 21, signaling strong buy-the-dip sentiment.

Technical patterns suggest ETH could rebound 25% toward $2,735 in the short term.
A high net worth Ethereum trader has accumulated tens of millions of dollars worth of Ether
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$2,182
, defying a broader market downturn triggered by escalating Middle East tensions and fresh signs of risk aversion.

Ether’s sharp drop fails to terrify whales
The wallet address 0x7355...213 purchased roughly 9,400 ETH (~$39 million) across two major tranches on June 22, boosting its total Ether holdings to $330 million.
Its buying occurred even as Ether emerged as one of the worst-performing top cryptocurrencies over the past 24 hours.
ETH’s price fell by approximately 12.80% in the past 24 hours to reach as low as $2,155. It underperformed the top-ranking crypto, Bitcoin
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, which lost around 4.70% in the same period.

The downside move came as markets digested reports of a direct US military strike on Iran, marking a major escalation in the ongoing Israel–Iran conflict, which began with Israel’s “Operation Rising Lion” on June 13.
The whale actively accumulated ETH and deployed it through Lido’s liquid staking protocol despite the bearish backdrop.
Related: Staked Ether hits record high driven by corporate crypto treasury adoption: Finance Redefined
The timing and scale of the purchases suggest that the whale views the sell-off as a long-term “buy the dip” opportunity rather than a cause for panic.
Glassnode’s data tracking the broader whale holding patterns suggests a similar upside sentiment.
Ethereum wallets holding 10,000 ETH or more increased their net positions both on the day the US launched airstrikes on Iran and in the days leading up to it.
On June 21, these mega-whales scooped up over 116,893 ETH worth $265.30 million, suggesting they viewed the decline as a buying opportunity, not a trigger to exit.
Ethereum is eyeing a 25% bounce
Ether is holding above a key ascending trendline that may lead to a strong bounce in the coming days, according to market analyst Sensei.
A bounce from the same support level led to a 55% rally in April-May 2025. If the pattern plays out, ETH could rebound toward the $2,735 resistance level in the short term, up about 25% from the current price levels.$BTC $ETH #MarketPullback #SwingTradingStrategy #CryptoStocks #GENIUSActPass #IsraelIranConflict