While Strategy (ex-Microstrategy) faces a legal storm, its president Michael Saylor seems ready to strengthen the group's position on the Bitcoin market. A posture that questions after a record loss of $ 5.9 billion in the first quarter!
In short
- Strategy undergoes a loss of $ 5.9 billion and faces legal proceedings.
- Despite the accusations, Michael Saylor continues to display a desire to buy more bitcoin.
Strategy under pressure after massive losses linked to 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 share price has also dropped by 9 % (despite a 28 % rebound since April).
For many Crypto experts, this decrease comes from an accounting change initiated in January linked to a FASB rule. The latter indeed authorizes companies to reflect the market value of their crypto-active in balance sheets.
That's not all! Michael Saylor and other Strategy leaders are also the subject of a court complaint. An institutional investor, Abhey Parmar, accuses them of having hidden the extent of the risks linked to Bitcoin volatility. It also points to $ 31.5 million in insider trading carried out while the actions were allegedly inflated.
According to Cointelegraph, parallel legal action in the form of a class action was deposited in May. It denounces the lack of transparency around the Bitcoin investment strategy.
Despite the controversies, Strategy confirms its pro-cockin strategy
In this hot context, Michael Saylor did not give up his radical approach. On June 22, he published on X a graph illustrating the group's previous BTC purchases. All accompanied by a cryptic message: “Nothing stops this orange”!
This type of communication often precedes Massive shopping ads. Currently, Strategy has more than 592,000 BTC. This represents nearly $ 60 billion. This makes it the biggest bitcoin cash holder in the world among listed companies.
Despite suspicion of fraud, massive losses and criticisms on a still vague crypto regulations, Saylor thus continues to display 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 from the Bitcoin market!
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