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As Strategy (formerly MicroStrategy) faces a legal storm, its chairman Michael Saylor appears ready to strengthen the group’s position in the bitcoin market. A stance that raises questions after a record loss of $5.9 billion in the first quarter!
In brief
Strategy suffers a $5.9 billion loss and faces legal proceedings.
Despite the accusations, Michael Saylor continues to show a willingness to buy more bitcoin.
According to data, the company Strategy records a financial loss of $5.9 billion on its crypto portfolio in the first quarter of 2025. The MSTR stock price also fell by 9% (despite a 28% rebound since April).
For many crypto experts, this decline stems from an accounting change initiated in January related to a FASB rule. This rule indeed allows companies to reflect the market value of their crypto assets in their balance sheets.
That’s not all! Michael Saylor and other Strategy executives are also the subject of a legal complaint. An institutional investor, Abhey Parmar, accuses them of hiding the extent of risks linked to bitcoin volatility. He also points to $31.5 million in insider trading conducted while the shares were allegedly inflated.
According to Cointelegraph, a parallel lawsuit in the form of a class action was filed in May. It denounces the lack of transparency around the bitcoin investment strategy.
Despite controversies, Strategy confirms its pro-bitcoin strategy
In this heated context, Michael Saylor has not given up on his radical approach. On June 22, he posted on X a chart illustrating the group’s previous BTC purchases. All accompanied by a cryptic message: “Nothing stops this orange”!
This type of communication often precedes announcements of massive purchases. Currently, Strategy holds more than 592,000 BTC. This represents nearly $60 billion. Making it the largest bitcoin cash holder in the world among publicly traded companies.
Despite fraud suspicions, massive losses, and criticisms over still unclear crypto regulations, Saylor continues to show absolute confidence in the crypto market.
One thing is certain: Michael Saylor’s strategy raises as much admiration as controversy. A model that could inspire or discourage other players in the bitcoin market!
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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
