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Reading: Strategy and its founder Saylor have been sued, what is the crime of the giant Bitcoin whale?
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > Strategy and its founder Saylor have been sued, what is the crime of the giant Bitcoin whale?
Bitcoin and BTC

Strategy and its founder Saylor have been sued, what is the crime of the giant Bitcoin whale?

vitalclick
Last updated: May 20, 2025 1:21 am
6 days ago
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Pomerantz LLP, an international law firm, announced that he filed a collective lawsuit against the US -based Strategy (formerly Microstrategy) and his founder Michael Saylor. Case, Bitcoin $102,915.01 The company, known for its asset management, was opened on behalf of anyone who acquired securities between 30 April 2024 and 4 April 2025. Allegedly, the company’s statements to the public “unrealistic and misleading statements” was made and important information was hidden from investors.

CASE on Bitcoin whaleStrategy and Bitcoin

CASE on Bitcoin whale

Pomerantz LLP’s statement, the reasons for the case were included in a detailed way. Allegedly, the company tried to show better than Bitcoin -oriented investment and asset management. In addition, the damages that may arise after Bitcoin’s price volatility and accounting standard change in the USA were incomplete.

“The complaint argues that the defendants make false and misleading statements about the functioning, operations and future of the company in the relevant period. In particular, the company’s investment strategy and the expected profitability of asset management exaggerated, and the great damages that may occur after Bitcoin’s volatility and the new accounting standard were underestimated.”

Within the scope of the case, there are allegations that all investors who receive Strategy shares under the date range have suffered financial damage. With this case, investors were requested to compensate for the damages of the investors.

At the beginning of 2025, Strategy, the US Securities and Stock Exchange Commission (SEC) in his application did not occur for $ 5.91 billion (social media lugatıyla) reported that the damage suffered damage. This damage, the company’s accounting methods after the change occurred. Compared to the previous accounting model, the new method caused the potential damages in crypto assets to be more visible in financial statements.

The company warned that after the SEC application, investors may not be able to pass again in the future. This statement led to question marks on the financial stability of the company.

“Strategy warned investors in the SEC file by stating that it is not guaranteed to achieve profitability in the coming periods.”

Strategy and Bitcoin

Strategy currently has 568,840 Bitcoins and the total market value of these assets is about $ 59.8 billion. On the day of the announcement of the lawsuit, it was announced that the company has realized a comprehensive Bitcoin recruitment. The company’s aggressive Bitcoin purchasing strategy and its financial results are closely examined by investors and market observers.

Plaintiffs pointed out that the high fluctuation in the price of Bitcoin was significantly reflected in the company’s financial financial and that investors were not informed about the risks of it. The allegations that the company has a lack of transparency in financial reporting are one of the focal points of the collective case. Although such collective cases are very famous in the USA, the consequences often do not make the plaintiffs laugh.

The collective case, which did not trigger a great negativity for Strategy, did not affect the price of BTC. Strategy, which does not have large payments until 2027, is also comfortable in financial. Moreover, the company aims to increase its total amount of assets in a few years.

Investors have to pay attention to the updated legal framework for accounting and public informing of digital assets while making strategic decisions. In case of sudden market fluctuations, companies sharing the developments in a timely and realistic manner is considered indispensable in terms of investor protection. Investors’ access to satisfactory information about potential risks is considered as a key for the development of sectoral trust.

Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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