Michael Saylor reignites attention on the future of Bitcoin purchases by Strategy, despite the recent legal controversies related to the first quarter losses. The company’s path, which holds the largest amount of Bitcoin among public companies, now intertwines with legal accusations and financial strategies that could influence the market.
The possible next purchase of Bitcoin according to Saylor
Michael Saylor recently published content suggesting an imminent further purchase of Bitcoin by Strategy. Despite the first quarter results showing a significant loss, Saylor shared a chart with the caption “Nothing Stops This Orange,” a phrase that has previously preceded similar moves by the company in the field of investments in Bitcoin.
Niente ferma questo Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) 22 giugno 2025
Currently, Strategy holds approximately 592,100 BTC, equivalent to a value of nearly 59.7 billion dollars, while the price of Bitcoin is positioned just below 101,000 dollars. These figures highlight the strong exposure and key role of the company in the landscape of digital financial assets.
Legal Accusations Against Michael Saylor and the Management of Strategy
Despite the interest in new purchases, Saylor and other executives of Strategy are involved in a legal case brought by an investor, Abhey Parmar. The complaint, filed in a federal court in Virginia, accuses the company leaders of providing false and misleading statements regarding the investment strategies and accounting practices adopted.
In particular, Parmar argues that Saylor, along with CEO Phong Le, CFO Andrew Kang, and other board members, concealed relevant information, deceiving investors and thus causing a multibillion-dollar loss related to the market value of Bitcoin.
Impact of the new accounting rule on the financial statement
The dispute revolves around a new rule adopted by Strategy in January, based on the directives of the Financial Accounting Standards Board, which came into effect in December of the previous year. This rule allows companies active in criptovalute to report the estimated market value of their digital holdings in their financial statements.
Consequently, the unrealized loss of 5.9 billion dollars in the first quarter was attributed precisely to this accounting change. This loss had a significant impact on the stock price, which decreased by almost 9% following the announcement.
The contested behaviors of the leaders of Strategy
According to the complaint, the executives of Strategy allegedly underestimated and failed to fully communicate the risks related to the volatility of Bitcoin, especially after the adoption of the new accounting rule. The company’s Bitcoin-driven strategy was therefore presented in an overly optimistic manner, downplaying the real difficulties and potential losses.
Further accusations concern some stock sales described as “lucrative” and “illegitimate” by the executives, for a total value of about 31.5 million dollars. These transactions are said to have occurred while the price was artificially high, that is, before the public became aware of the negative impact of the accounting change.
Collective causes and defense of Strategy
In mid-May, Strategy was also involved in a class action lawsuit, again related to accounting issues. The legal actors claim that the company concealed significant risks and the effects resulting from the adoption of the new regulations.
Strategy has expressed the intention to defend itself firmly and to vigorously contest the accusations, emphasizing its willingness to maintain transparency and correctness in its operations and in the management of the assets.
The impact on the sector and future prospects for Bitcoin
The legal disputes and changes in accounting practices of Strategy reflect a new phase of maturation for companies investing in Bitcoin and other cryptocurrencies. The balance between transparency, volatility risks, and potential return is increasingly delicate and scrutinized, both internally and by investors.
The dominant position of Strategy in the possession of Bitcoin and the moves suggested by Michael Saylor indicate that, despite the obstacles, the interest in the financial asset remains strong and could strengthen further in the near future.
Towards a new era of investment in Bitcoin
In conclusion, the story of Strategy and the legal controversies highlights the complexity of integrating Bitcoin into corporate balance sheets in a transparent and sustainable way. However, the commitment to defend itself and the ongoing purchasing strategies suggest that the company aims to consolidate its leadership in the bull sector.
For investors and enthusiasts, it is essential to closely follow these developments, as the decisions of Strategy could widely influence the market and set new operational standards in the world of digital financial assets.