Michael Saylor, who serves as the executive chairman of Strategy, has hinted at possible Bitcoin purchases despite facing several lawsuits against the company.
Potential Bitcoin Purchase
Recently, Saylor posted a chart showcasing his firm's historic Bitcoin purchases, accompanied by a cryptic comment: "Nothing Stops This Orange." This post has become a precursor to past Bitcoin purchases.
Lawsuits Against Strategy
Just days before the post, investor Abhey Parmar filed a derivative lawsuit against Strategy and its leadership. The suit claims executives breached their fiduciary duties by failing to disclose the impact of a new accounting rule, which led to a staggering $5.9 billion paper loss. Additionally, it also mentions potential stock manipulation.
Company's Response to Allegations
Facing additional legal challenges, Strategy stated that it intends to "vigorously defend against these claims." They also emphasize their strong positions regarding potential Bitcoin purchases despite troubling financial reports.
Thus, despite significant legal troubles, Michael Saylor shows confidence in Bitcoin's future and the possibility of expanding their holdings in this cryptocurrency.
