CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BitcoinSistemi 2025-05-19 18:48:08

Big Bitcoin Bull Michael Saylor’s Company Hit with Lawsuit Shock: They Had Just Purchased BTC Today

Bitcoin-focused investment firm Strategy and its co-founder Michael Saylor are facing a class action lawsuit alleging they violated federal securities laws. Investors allege the company made “materially false and misleading statements” about its profitability. Plaintiff Anas Hamza and other investors filed the lawsuit Friday in the U.S. District Court for the Eastern District of Virginia through the law firm Pomerantz LLP. The lawsuit specifically covers the period from April 2024 to April 2025 and alleges that Strategy overstated the profitability of its “Bitcoin-focused investment strategy” and the risks associated with Bitcoin’s volatility. “As a result of the defendants’ unlawful acts and negligence and the sudden decrease in the market value of the company’s securities, the plaintiff and other community members have suffered significant damage,” the complaint stated. Related News: Is History Repeating Itself in Bitcoin? Analysis Company Predicts BTC's Movement in the Coming Days Based on Previous Data! Not only Saylor, but also the company's CEO Phong Le and CFO Andrew Kang are among the defendants in the lawsuit. The complaint also notes that Strategy adopted the Financial Accounting Standards Board’s (FASB) new regulation, ASU 2023-08, at the beginning of 2025. This regulation requires public companies to report cryptocurrencies at fair value in their financial statements and reflect these value changes in the income statement. Strategy previously used an accounting model that only recognized losses on decreases in value and did not consider increases in value unless sales occurred. Investors claim that the company has been presenting unrealistic and optimistic performance evaluations to the public even after switching to the new accounting standard. The company is alleged to have disregarded the huge losses that could have occurred after fair valuation while sharing positive figures such as “BTC Return,” “BTC Earnings,” and “BTC Dollar Earnings.” Strategy did not issue a press release on the matter, but did address the lawsuit in an SEC filing on Monday: “The complaint seeks unspecified damages, interest, attorneys' fees and other legal expenses on behalf of the community. We intend to vigorously defend against these claims. It is not possible for us to predict the outcome of this lawsuit or estimate potential damages at this time.” *This is not investment advice. Continue Reading: Big Bitcoin Bull Michael Saylor’s Company Hit with Lawsuit Shock: They Had Just Purchased BTC Today

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez