The strategy’s Michael Saylor is moving up the lawsuit, signals Next Bitcoin acquisition


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According to reports, Micro Strategy (reclassified to strategy) CEO Michael Saylor lost another clue that his company is ready to add more bitcoin to his already massive stash. He shared a simple chart on X with the phrase “Nothing stops this orange.”

It was not a marketing sodium. It was a signal. Strategy now has over 592,000 BTC, valued at almost $ 60 billion, with Bitcoin Shop by just under $ 101,000. Short Saylor tweets have led to new buying runs before. This time cannot be different.

Michael Saylor is teasing new Bitcoin purchases

Michael Saylor’s Cryptic Post is more than a rally -call for crypto fans. It follows a string of similar tips that led Strategy To pick up large pieces of bitcoin at the key price.

Based on history, traders and investors see his every move. He has built a reputation for turning a single line on social media into an acquisition of several million dollars. If previous patterns hold, we could see the company lock in more BTC in the middle of the year.

Trial accuses Execs of misleading investors

Last Friday a shareholder left one apparel in Virginia Federal Court. Abhey Parmar claims that Saylor, CEO Phong Le, CFO Andrew Kang and four board members failed in their duty.

According to the complaint, they “made” significantly false and misleading statements “about an accounting change in January. The suit says that the team trivialized impact and the risk of Bitcoin’s Wild Price Swings before the Q1 report.

Bitcoin currently deals with $ 101 422. Diagrams: Tradingview

New accounting rule triggers $ 6 billion loss

Strategy adopted a board of financial accounting standards that were fired a month earlier. Switch allows companies to evaluate crypto holdings at estimated market prices. It backfired for strategy in April.

The company registered an unrealized loss of $ 5.9 billion on bitcoin, and its shares slipped almost 10% during the days after the results. Investors were captured by how big the hit turned out to be.

Source: Google Finance

Insider sales and recovery of stocks

The atmosphere also illustrates almost $ 32 million in stock sales of the best execs before the loss became public. PARMS claims that sales came while the share price was “artificial inflated.”

Still, Strategy shares have split back most of their losses. They jumped from one at just under $ 237 in early April to up to almost 28% so far this year. The rebound shows that many traders are still investing in Saysor’s long -term vision.

Image from Unsplash, charts from TradingView

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