Michael Saylor Brushes Off Legal Woes – MicroStrategy Prepares Next Bitcoin Buying Spree
MicroStrategy's CEO remains unfazed by lawsuits as he doubles down on Bitcoin acquisitions. The corporate Bitcoin whale signals more appetite for crypto despite regulatory headwinds.
When the SEC comes knocking, most CEOs sweat. Michael Saylor buys the dip. MicroStrategy's latest filings suggest another 9-figure Bitcoin purchase is imminent – because nothing says 'contempt for legacy finance' like converting shareholder cash into digital gold while Wall Street lawyers foam at the mouth.
The move comes as no surprise to crypto veterans. Saylor's company now holds over 1% of all Bitcoin in circulation – a $7 billion bet that would make even Satoshi raise an eyebrow. Meanwhile, traditional investors still can't decide if it's genius or corporate malpractice. (Hint: It's both.)
Michael Saylor Teases New Bitcoin Buy
Michael Saylor’s cryptic post is more than a rallying cry for crypto fans. It follows a string of similar hints that led Strategy to pick up large chunks of Bitcoin at key price dips.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
Based on history, traders and investors watch his every move. He’s built a reputation for turning a single line on social media into a multi-million-dollar acquisition. If past patterns hold, we could see the company locking in more BTC by mid-year.
Lawsuit Accuses Execs Of Misleading Investors
Last Friday, a shareholder filed a derivative suit 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 materially false and misleading statements” about a January accounting change. The suit says the team downplayed the impact and risk of Bitcoin’s wild price swings before the Q1 report.
Strategy adopted a Financial Accounting Standards Board rule that kicked in a month earlier. The switch let companies value crypto holdings at estimated market prices. It backfired for Strategy in April.
The company recorded a $5.9 billion unrealized loss on Bitcoin, and its shares slid nearly 10% in the days after the results. Investors were caught off guard by how big the hit turned out to be.
The lawsuit also highlights nearly $32 million in stock sales by top execs before the loss became public. Parmar argues those sales came while the share price was “artificially inflated.”
Still, Strategy shares have clawed back most of their losses. They jumped from a low of just under $237 in early April to up to nearly 28% so far this year. That rebound shows many traders are still betting on Saylor’s long-term vision.
Featured image from Unsplash, chart from TradingView
