#Strategy Faces $5.9 Billion Lawsuit as #Saylor Hints at Another $BTC Purchase


Michael Saylor has posted cryptic signals suggesting Strategy's next $BTC acquisition while facing shareholder litigation.


Strategy executives sued over alleged breach of fiduciary duties regarding the $5.9 billion $BTC loss in Q1 results.


Investor Abhey Parmar claims management made "materially false statements" about the impacts of a new Financial Accounting Standards Board accounting rule.


The lawsuit alleges executives sold $31.5 million in Strategy stock while it was "artificially inflated" before losses were disclosed.


Saylor's weekend post, showing the portfolio tracker with a "Nothing Stops This Orange" caption, typically precedes Monday $BTC purchases.


Strategy maintains 592,100 $BTC worth approximately $59.7 billion, making it the largest corporate Bitcoin treasury globally.


The company said it will "vigorously defend" against the class-action claims regarding its #treasury strategy.

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June 23, 2025 at 1:47 PM
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