MicroStrategy Faces Investor Lawsuit Over Alleged Bitcoin Accounting Shenanigans
Wall Street meets crypto chaos as shareholders take legal action against Michael Saylor’s software-turned-bitcoin-hoarder.
The suit claims ’materially misleading statements’ about the company’s bitcoin strategy—because nothing says ’transparent ledger’ like obfuscated financial disclosures.
Bonus jab: Another day, another corporation learning that ’number go up’ theology doesn’t fly with the SEC.