#cryptolitigation

Strategy (formerly MicroStrategy) just can't stop buying Bitcoin – even as legal troubles brew. The company announced the acquisition of 7,390 BTC for a staggering $764.9 million on May 19, averaging just under $103,500 per coin.

💼 The Legal Drama Unfolds A class-action lawsuit has been filed against Strategy executives in the Eastern District of Virginia. The suit alleges that company officials, including executive chairman Michael Saylor, made misleading statements about "the anticipated profitability of our Bitcoin-focused investment strategy" and failed to disclose risks associated with Bitcoin's volatility.

📈 By The Numbers

Current holdings: 576,230 BTC

Total investment: $40.18 billion

Average purchase price: $69,726 per coin

Current value: $59.2+ billion

Unrealized gain: $19.2 billion (47%)

Bitcoin current price: $102,615 (up 20.3% over last month)

🔄 The Ripple Effect Strategy's Bitcoin treasury approach has created a trend:

AsiaStrategy (formerly Top Win): Shares surged 60%+ after announcing Bitcoin strategy

Metaplanet: Now holds more Bitcoin than El Salvador

A Bahrain-based catering company: Adopted similar strategy despite modest $24.2M market cap

For cryptocurrency enthusiasts and traders on platforms like Niufo, these institutional moves represent significant market signals worth monitoring. The growing corporate adoption continues despite legal challenges, suggesting institutional confidence in Bitcoin's long-term value proposition.