- The corporate’s complete Bitcoin holdings now stand at 576,230 BTC.
- Common value foundation up to date to $69,726 per Bitcoin.
- The lawsuit was filed by Pomerantz LLP in Virginia over alleged investor deception.
MicroStrategy, now rebranded as Technique, is as soon as once more making waves throughout monetary markets.
The corporate, identified for holding the biggest company stash of Bitcoin, is dealing with a category motion lawsuit alleging deceptive accounting practices.
Regardless of this, it has continued shopping for extra Bitcoin, bringing its complete to 576,230 BTC, price roughly $59 billion.
$764.9M BTC buy follows lawsuit submitting
On 19 Might 2025, Technique disclosed it had acquired an extra 7,390 BTC for $764.9 million.
The common value paid was $103,498 per coin.
The acquisition was financed through an at-the-market (ATM) fairness providing and the issuance of Sequence A STRK most popular inventory.
This brings its complete holdings to 576,230 BTC at a brand new common value of $69,726.
The announcement got here simply after the agency was hit with a lawsuit filed within the Jap District of Virginia.
The authorized motion, initiated by Pomerantz LLP, names each the corporate and prime executives, accusing them of failing to alert buyers in regards to the dangers posed by up to date Bitcoin accounting guidelines below ASU 2023-08.
The brand new customary requires companies to replicate the honest market worth of Bitcoin on their steadiness sheets.
In line with the lawsuit, Technique downplayed the affect this is able to have on its monetary statements, allegedly leading to a $5.91 billion fair-value loss that wasn’t adequately communicated to shareholders.
Use of non-GAAP metrics below scrutiny
The grievance additionally highlights Technique’s use of proprietary, non-GAAP metrics comparable to “BTC Yield” and “BTC $ Acquire”.
The plaintiffs argue these phrases weren’t customary monetary indicators and should have offered an inflated view of the corporate’s profitability.
This method appeared to unravel on 7 April, when the $5.9 billion impairment loss grew to become public.
MSTR shares fell 8.67 % that day. By 1 Might, earnings experiences confirmed the blow to the corporate’s books, and buyers responded negatively.
Whereas the agency’s defenders level to long-term Bitcoin appreciation and innovation in digital asset technique, the lawsuit raises questions on regulatory compliance and transparency.
Accounting specialists have famous that non-GAAP metrics have to be used rigorously, particularly once they contradict or obscure established accounting ideas.
No strategic shift regardless of authorized dangers
Regardless of the monetary hit and authorized threats, Technique has proven no signal of adjusting course.
Its Might submitting suggests the agency stays dedicated to accumulating extra Bitcoin, with its newest buy representing one of many largest single-month acquisitions this 12 months.
Michael Saylor, the corporate’s chairman, has persistently positioned Bitcoin as “digital gold” and a long-term asset class.
His earlier remark — “My system for fulfillment is rise early, work late, and purchase Bitcoin” — continues to outline the corporate’s public stance.
Nonetheless, the authorized case may reshape how different firms method digital asset reporting.