INSUBCONTINENT EXCLUSIVE:
Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass
precursor to Strategy buying Bitcoin
The company has the largest Bitcoin holdings of all public companies at 592,100 BTC, worth around $59.7 billion, with Bitcoin trading just
multibillion-dollar Bitcoin loss in its first quarter results.The shareholder derivative complaint by Abhey Parmar, lodged in a Virginia
Standards Board rule that came into effect a month earlier, allowing the corporate holders of crypto to use the estimated market value of
their crypto in their balance sheets.The suit alleged the accounting change caused Strategy to record a $5.9 billion unrealized loss on its
the textShares in MicroStrategy Inc
(MSTR) are up nearly 28% this year, having clawed back from a low of just under $238 in early April
abusing their control, gross mismanagement and wasting corporate assets.Class action alleges Strategy misrepresented Bitcoin
investmentStrategy was also hit with a proposed class-action lawsuit in mid-May, similarly over adopting the FASB crypto accounting rule
