Strategy faced a class action lawsuit, accused of making misleading statements regarding its Bitcoin strategy.

According to the Form 8-K filed by Strategy with the SEC, on May 16, the company and its CEO Michael Saylor, CFO Phong Le, and executive Andrew Kang were collectively sued in the United States District Court for the Eastern District of Virginia. The plaintiff Anas Hamza represents a class of investors from April 30, 2024, to April 4, 2025, accusing the company of violating relevant provisions of the Securities Exchange Act.
The plaintiff claims that the defendant made false or misleading statements regarding the company's Bitcoin investment strategy and financial performance expectations, failed to disclose relevant information and the volatility risks of Bitcoin, and did not disclose the potential scale of losses that may be recognized after adopting new accounting standards. The complaint seeks unspecified damages, among other things. The Strategy indicates that it will actively defend itself, but currently cannot predict the outcome or provide a loss estimate. $BTC
{future}(BTCUSDT)