MicroStrategy's (now Strategy) stock price continues to climb, unaffected by a lawsuit filed by a New York law firm. The class action highlights the scrutiny faced by public companies with crypto-heavy treasury models. On Thursday, MSTR shares traded at $407, following a 7.76% increase to $402.28 the previous day. The lawsuit, filed by Pomerantz LLP, accuses the company of misleading investors regarding the risks of its Bitcoin strategy, claiming violations of federal securities laws. The complaint covers investors who bought MSTR shares between April 30, 2024, and April 4, 2025, with a deadline of July 15 to join. The legal issue revolves around Strategy's adoption of ASU 2023-08, which mandates fair value accounting for crypto assets. Despite the lawsuit, investor confidence remains strong, as evidenced by the stock's performance. Strategy holds 597,325 BTC, making it the largest corporate Bitcoin holder. The outcome of this case could influence future corporate crypto reporting practices. Read more AI-generated news on: https://app.chaingpt.org/news

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