A class action lawsuit has been filed against Strategy and its management, including Michael Saylor, on behalf of investors who bought shares from April 30, 2024 to April 4, 2025.
The essence of the claims:
- Inflated claims about the profitability of BTC investments
- No volatility risk warnings
- Violation of the U.S. Securities Act (1934)
Anas Hamza (plaintiffs' representative):
"Investors suffered losses due to misleading information"
The charges relate to:
- Michael Saylor (founder, ex-CEO)
- Andrew Kanga (Chief Financial Officer)
- Fonga Le (CEO)
Strategy said it would vigorously defend itself in court
Previously, Coinbase considered the idea of copying Strategy's strategy for investing in BTC, but abandoned it, citing internal risks.
