Ranking
Categories
Historical Snapshots
Token unlocks
Yield
Real-World Assets
Trending
Upcoming
Recently Added
Gainers & Losers
Most Visited
Community Sentiment
Chain Ranking
Overall NFT Stats
Upcoming Sales
Market Overview
Spot Market
Derivatives Market
No. of Cryptocurrencies
Bitcoin Treasuries
BNB Treasuries
Fear and Greed Index
Altcoin Season Index
Market Cycle Indicators
Bitcoin Dominance
CoinMarketCap 20 Index
CoinMarketCap 100 Index
Crypto ETFs
Bitcoin ETFs
Ethereum ETFs
RSI
MACD
Signals
Trending
New
Gainers
Meme Explorer
Top Traders
Spot
Derivatives
Spot
Derivatives
Feeds
Topics
Lives
Articles
Converter
Newsletter
CMC Launch
CMC Labs
Telegram Bot
Advertise
Crypto API
Site Widgets
Airdrops
Diamond Rewards
Learn & Earn
ICO Calendar
Events Calendar
News
Academy
Research
Videos
Glossary
#Strategy Faces Class Action Lawsuit Over 
$BTC Investment Disclosures
#MichaelSaylor's Strategy (formerly MicroStrategy) has been hit with a federal securities lawsuit filed by plaintiff Anas Hamza on May 16.
The class action alleges the company misrepresented fundamental aspects of its $BTC investment strategy to shareholders.
Named defendants include CEO Michael Saylor, President Phong Le, and CFO Andrew Kang for alleged Securities Exchange Act violations.
The #lawsuit comes hours after Strategy announced acquiring 7,390 additional $BTC for $764.9 million at an average price of $103,498 per $BTC.
The company now holds 576,230 $BTC worth approximately $40.18 billion at current market prices.
Critics have questioned Strategy's aggressive #Bitcoin accumulation strategy, warning of excessive volatility exposure for shareholders.
The legal challenge seeks damages for investors allegedly misled by the company's disclosures regarding its #crypto holdings.
