Wu Shuo learned that, according to the Form 8-K filed by Strategy (formerly MicroStrategy) with the U.S. SEC, Strategy and its CEO Michael Saylor, CFO Phong Le, and executive Andrew Kang faced a class-action lawsuit on May 16 in the U.S. District Court for the Eastern District of Virginia. The plaintiffs claim that during the period from April 2024 to April 2025, the company made misleading statements regarding its Bitcoin investment strategy and financial expectations, failing to adequately disclose potential risks related to Bitcoin volatility and new accounting standards. The lawsuit does not specify the amount of compensation sought. Strategy stated it will actively defend itself and currently cannot predict the lawsuit's outcome or potential losses.

Wu Shuo learned that according to the Form 8-K filed by Strategy (formerly MicroStrategy) with the U.S. SEC, Strategy and its CEO Michael Saylor, CFO Phong Le, and executive Andrew Kang were subject to a class-action lawsuit on May 16 in the U.S. District Court for the Eastern District of Virginia. The plaintiffs allege that between April 2024 and April 2025, the company made misleading statements regarding its Bitcoin investment strategy and financial expectations, failing to adequately disclose potential risks related to Bitcoin volatility and new accounting standards. The lawsuit did not specify the amount of damages sought. Strategy stated it will vigorously defend itself, and at present, the outcome of the lawsuit or potential losses cannot be predicted.

Strategy and its executives face a class-action lawsuit in a U.S. court