Strategy’s Michael Saylor Shrugs Off Lawsuit, Signals Next Bitcoin Acquisition

Summary: Michael Saylor, co-founder and chairman of Strategy (formerly MicroStrategy), hinted at another potential Bitcoin purchase despite an ongoing shareholder lawsuit over prior financial disclosures. The company currently holds over 592,000 BTC, valued near $60 billion.

Background: Saylor Drops Bitcoin Hint Amid Legal Pressure

Michael Saylor ignited speculation of a fresh Bitcoin buy after posting a cryptic message on X (formerly Twitter) featuring a Bitcoin price chart and the phrase, “Nothing Stops This Orange.” While brief, such posts have previously preceded large BTC acquisitions by his firm, Strategy.

Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT

— Michael Saylor (@saylor) June 22, 2025

Strategy, the largest corporate holder of Bitcoin, has amassed more than 592,000 BTC. With Bitcoin trading around $101,000, the company’s holdings are valued at just under $60 billion. Saylor’s continued bullish stance comes despite fresh legal scrutiny from investors.

Lawsuit Targets Executives Over $5.9B Loss

Last week, a shareholder filed a derivative lawsuit in Virginia alleging Strategy executives misled investors. The suit names Michael Saylor, CEO Phong Le, CFO Andrew Kang, and four board members.

According to the complaint, these executives failed to adequately disclose the financial impact of a January accounting policy change. Implementing new Financial Accounting Standards Board (FASB) rules, Strategy recorded a $5.9 billion unrealized loss on its Bitcoin holdings during Q1 2025 — a blow that sent its stock tumbling nearly 10%.

Accounting Shift and Insider Sales Under Scrutiny

The updated accounting rule required companies to reflect crypto asset values at current market prices, instead of historical cost. While designed to increase transparency, the new standard exposed Strategy to severe volatility.

The lawsuit also spotlights nearly $32 million in stock sales made by top Strategy executives ahead of the financial disclosure. The plaintiff alleges these sales were made while shares were “artificially inflated” and before investors received full information on Bitcoin-related risks.

Market Impact and Price Recovery

Despite the legal woes, Strategy’s share price has rebounded strongly. After dropping below $237 in early April, the stock has surged nearly 28% year-to-date. This reflects continued investor confidence in the company’s Bitcoin-centric strategy and Saylor’s long-term vision.

Given Saylor’s pattern of signaling purchases through social media, market watchers are closely monitoring Strategy’s next move. If history repeats, the company could increase its Bitcoin exposure once again in the near future.

Featured image via Unsplash. Chart courtesy of TradingView.