Strategy to be Sued for False Information on Bitcoin

A group of investors filed a lawsuit in a Virginia court against Strategy and its top management.

The plaintiffs purchased the company's securities over the course of a year. They claim that management misrepresented the returns on bitcoin investments without fully disclosing the risks involved. Prosecutor Anas Hamza said the plaintiffs are citing the U.S. Securities and Exchange Act of 1934, which regulates disclosure in the securities market and prohibits fraudulent or deceptive investing practices.

Strategy, in turn, said it would defend itself in court and prove the plaintiffs' allegations untenable. The company's representatives emphasized that their approach to information disclosure complies with regulatory requirements, and their actions are based on a long-term strategy for storing digital assets.

Earlier, we wrote that Strategy reported a new round of Bitcoin purchases from May 12 to May 18, 2025. During this period, the corporation purchased 7,390 BTC coins worth $764.9 million, which is an average purchase price of $103,498 per Bitcoin.