Michael Saylor indicated that his company may consider buying additional Bitcoin despite current legal issues.
New Hints at Bitcoin Purchase
Michael Saylor shared a chart on X depicting Strategy's Bitcoin purchases, captioning it: ‘Nothing Stops This Orange.’
Lawsuits Against Executives
Saylor and other Strategy executives are facing a lawsuit from an investor claiming they breached their fiduciary duties by reporting a multibillion-dollar loss regarding Bitcoin investments. The investor filed the suit in a Virginia federal court, alleging that company leadership made false claims regarding accounting changes.
Allegations of Stock Manipulation
Additionally, the lawsuit alleges that Strategy executives profited nearly $31.5 million through stock sales while the prices were ‘artificially inflated.’ There is also a proposed class-action lawsuit regarding misrepresentation of Bitcoin investments.
Significant losses and legal challenges do not deter Michael Saylor from hinting at continued investment in Bitcoin, adding complexity to the situation surrounding Strategy.
