Strategy Inc., the company once known as MicroStrategy, is now at the center of at least five class‑action lawsuits. Investors claim the firm hid big risks tied to its Bitcoin holdings and painted a rosier picture than what was real.

The lawsuits hinge on about $6 billion in unrealized losses and cover an 11‑month stretch from April 2024 through April 2025.

Legal Moves And Allegations

According to filings, the complaints say executives made untrue and misleading statements about Bitcoin’s ups and downs and an accounting change that forces the company to mark its crypto to market.

One lead plaintiff, Abhey Parmar, insists that top officers breached their duties and oversold the company’s outlook. Based on reports, law firms are already bidding to lead these actions—the kind of scramble you see when big money is at stake.

Strategy is facing at least five class action lawsuits alleging securities fraud due to $6 billion in unrealized BTC losses. The lawsuits accuse the firm of misleading investors about Bitcoin risks and profitability. Legal experts say such competing filings are common as firms…

— Wu Blockchain (@WuBlockchain) June 27, 2025

Insider Trades Under Scrutiny

Investors point to trades by new CEO Phong Le and CFO Andrew Kang as proof of inside dealing. They sold about $32 million in stock just before the

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Author: Christian Encila