Post
Topic
Board Economics
Merits 1 from 1 user
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
kanftka
on 20/05/2025, 02:05:13 UTC
⭐ Merited by JayJuanGee (1)
Even though I believe that the Class Action lawsuit filed against Strategy last week is a big nothing burger, I am a little surprised no one  has mentioned it.

Quote
According to the complaint, during the class period, defendants failed to disclose that: (i) the anticipated profitability of the Company's bitcoin-focused investment strategy and treasury operations was overstated; (ii) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

https://www.prnewswire.com/news-releases/mstr-shareholder-alert-robbins-llp-informs-investors-of-the-microstrategy-incorporated-dba-strategy-class-action-lawsuit-302459505.html

You’re absolutely right. It’s kind of surprising how quiet everyone has been about it. But honestly, I think most people are just too distracted by his aggressive BTC accumulation to care. MSTR been buying Bitcoin like it’s going out of style and that alone says a lot more than any headline could.

In my opinion, the lawsuit itself feels more like background noise at this point. If he genuinely thought there was real risk or fallout coming, I doubt he would be doubling down like this. His actions scream confidence, and that’s hard to ignore.
Honestly, it is almost bullish in a strange way. The market’s sleeping on it because everyone is watching the price action and his wallet activity instead of the news cycle.