While the new Bitcoin recruitment signal comes from Saylor, Strategy is faced with a case of 5.9 billion dollars.

Michael Saylor, which has become the symbol name of the crypto markets, shared on Sunday on the X (Old Twitter) platform, accompanied by a graph that shows the past Bitcoin purchases of the company “Nothing Stops This Orange” (this can not stop anything). Saylor’s shares of this kind of sharing in the past have been a harbinger of BTC purchases made by Microstrategy (new name Strategy). Market observers interpret this sharing that the company will announce a new BTC investment in the coming days.

Strategy, headed by Saylor, is currently the largest Bitcoin reserve among the public companies. The company’s 592,100 BTC is worth approximately 59.7 billion dollars with current market prices. However, the company’s aggressive BTC strategy resulted in a significant financial problem in the first quarter of 2025.

⚖️ 5.9 billion dollars of damage and investor case

The company’s inclusion of Bitcoin assets to the balance sheet by complying with the new accounting rules that came into force by the Fascin (Financial Accounting Standards Board) in the balance sheet, led to a loss of $ 5.9 billion in the results of the 2025 Q1. This damage led to a decrease in the company’s share prices close to 9 %.

Following this development, investor Abhey Parmar filed a lawsuit against Saylor, CEO Phong Le, CFO Andrew Kang and four members of the Board of Directors at Virginia Federal Court. Parmar argues that the company executives violate their responsibilities towards investors and that they do not explain the impact of the accounting change in a timely and transparent way.

According to the text of the case, before the damage was announced, the company made a profit of approximately 31.5 million dollars by selling the company shares at “inflated prices”. This caused the case to cover the claims of shares sales not only with the transparency of the balance sheet, but also the insider trading.

🧾 A second collective case is on the road

After this incident, Anas Hamza, another investor in May, filed a second case against Strategy. This time the case was presented in the format of the Class-Actation. Hamza also claimed that the company did not fully inform investors and underestimated the risk of volatility in BTC prices.

🧩 Company’s reaction and market effect

The Strategy administration rejected the allegations and argued that all transactions were carried out in a legal and transparent manner. In a statement, “We will respond to these claims with determination. We continue our strategic approach.” said.

On the other hand, although Microstrategy shares have increased by 28 %since the beginning of the year, the damages and lawsuits announced have created a shadow on the reputation of the company. Saylor’s new BTC purchase signal is also considered as a refreshing message to the public in a sense.