Michael Saylor hints at more Bitcoin purchases despite $5.9 billion strategy losses

From Cointelegraph

June 23, 2025 12:16:00 am:

Michael Saylor hints at more Bitcoin purchases for Strategy despite a $5.9 billion first-quarter loss. Strategy holds the most BTC of any public company, with 592,100 BTC worth around $59.7 billion. Saylor’s cryptic posts often precede Strategy’s Bitcoin buys, with the price just under $101,000.

Strategy, Saylor, and top execs sued over alleged breach of fiduciary duties after reporting the Bitcoin loss. Shareholder derivative complaint claims false statements led to $5.9 billion loss due to accounting rule change. Stock price dropped nearly 9% after Q1 results were shared.

Strategy executives alleged to have made $31 million from “inflated” stock sales. Accusations of insider trading and abusing control, gross mismanagement, and wasting assets. Executives accused of failing to disclose full impact of accounting rule change and risks associated with Bitcoin volatility.

Class action lawsuit filed against Strategy over alleged misrepresentation of Bitcoin investment and Q1 losses. Company facing legal challenges over adoption of FASB crypto accounting rule. Strategy vows to vigorously defend against claims in response to proposed class action.

Read more at Cointelegraph: Saylor Hints Bitcoin Buy Amid Suit Over Strategy Losses