Bitcoin (CRYPTO: BTC)-focused firm Strategy (NASDAQ:MSTR) is now facing at least five separate securities fraud lawsuits over its Bitcoin treasury disclosures, according to court filings.
The legal actions, filed over the past several weeks, accuse the company of misleading investors about the profitability and risks tied to its aggressive Bitcoin acquisition strategy, Decrypt reported.
The lawsuits cover the period between April 30, 2024, and April 4, 2025, when the company, previously known as MicroStrategy, allegedly made public statements that plaintiffs claim were “materially false and misleading.”
The initial lawsuit was filed on May 16 by Pomerantz LLP, followed by nearly identical complaints from other law firms including Gross Law Firm, Bronstein Gewirtz & Grossman, Kessler Topaz Meltzer & Check, and Levi & Korsinsky.
Legal experts say this …