Bitcoin treasury company Strategy has expanded its STRC offering to $4.2 billion, a dividend-paying security with flexible repayment terms. The company initially launched STRC in July, seeking a $500 million capital raise. Strategy raised the scope to $2 billion two days later and purchased over 21,000 BTC with the funds.

Investor lawsuits against Strategy claim the company misrepresented Bitcoin’s volatility risks and projected profits. Attorneys are divided on the claims, stating they may take years to resolve. Lawsuits allege Strategy’s use of alternative financial metrics was deceptive, disguising financial losses that would be apparent with different accounting methods.

Strategy co-founder Michael Saylor defends the company’s business model, calling it misunderstood and undervalued. Saylor argues that Strategy is capitalized on innovative technology and assets. Despite criticisms, Saylor believes Strategy is potentially undervalued in the US and globally.

Read more at Cointelegraph: Strategy Expands STRC Offering Twice in One Week