Strategy faces multiple lawsuits over Bitcoin losses and misleading statements

Strategy, formerly MicroStrategy, is facing at least five class action lawsuits alleging securities fraud tied to its Bitcoin investment strategy, according to Decrypt. The suits claim the company misled investors about expected returns and risks between April 2024 and April 2025. Law firms are competing to lead the consolidated case ahead of a July 15 deadline, driven by the potential for high legal fees. The lawsuits follow Strategy’s disclosure of nearly $6 billion in unrealized Bitcoin losses and a warning it may not return to profitability.