Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’

Quote from: JayJuanGee on May 20, 2025, 01:46:17 AM

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

Just finding out about this and the market took it like it was filed by trash (that's on a lighter note)
Checked online and realised it was filed by a shareholder of MSTR.
They sue Stock because they know they can't Sue Bitcoin.

The investor(s) should engage in DYOR.
Saylor came out that they were in an unrealised loss of $5.9 Billion at fair value in a time when market was bearish towards Bitcoin
And now according to arkham they are in more than $10B in unrealised gain.
Volatility is and has always been present, fortunately Bitcoin is biased towards moving to the positive.