Michael Saylor has suggested that his company, now called Strategy, may acquire more Bitcoin, despite facing a lawsuit from investors over a $5.9 billion loss in the first quarter related to its Bitcoin investments. On Sunday, Saylor shared a chart of past Bitcoin purchases on X, captioned, "Nothing Stops This Orange," which has often preceded previous acquisitions. Strategy holds the largest Bitcoin reserves among public companies, totaling 592,100 BTC valued at approximately $59.7 billion. The lawsuit, filed by investor Abhey Parmar, claims that Saylor and other executives misled investors regarding the impact of a new accounting rule that allowed the company to report Bitcoin at market value, leading to significant losses. The complaint alleges that executives failed to disclose the risks associated with Bitcoin's volatility and engaged in insider trading while the stock was inflated. Despite these challenges, shares of MicroStrategy Inc. have risen nearly 28% this year, recovering from a low in April. Read more AI-generated news on: https://app.chaingpt.org/news

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