Michael Saylor, the iconic bitcoin advocate, and his company Strategy are ramping up their accumulation. The latest milestone: 7,390 bitcoins purchased for 765 million dollars. The goal? To reach 600,000 BTC. However, this meteoric rise faces a shadow: a class action lawsuit against the company for lack of transparency. This tension between ambition and legal challenges reveals the paradoxes of today’s digital economy.
Michael Saylor keeps comparing bitcoin to a game of chess , where every strategic move counts. His vision is clear: massively accumulate to take advantage of long-term value. His latest acquisition, 7,390 bitcoins at approximately 103,498 dollars each, illustrates this determination. In a post on X, he states:
Never bet against a man who buys orange ink by the barrel.
This metaphor reflects his unshakable confidence in the queen of cryptos.
His company, formerly MicroStrategy, now holds 576,230 bitcoins, acquired at an average price of 69,726 dollars. This heavy strategy influences the perception of bitcoin in the global economy.
It reassures some investors, while others see an increased risk in such concentrated exposure.
The latest purchase of 7,390 bitcoins represents an investment of 765 million dollars. The total valuation of Strategy’s bitcoin treasury reaches 59 billion dollars. This position generates an unrealized gain of 19.2 billion, or 47%.
Yet, this strategy is not without consequences. A class action lawsuit accuses the company and its executives of understating the risks related to bitcoin price volatility in their financial communication. The lawyer behind the lawsuit cites failures in financial disclosure.
On X, the developer 0xngmi nuances this critique:
The lawsuit seems to come from people complaining that MicroStrategy underestimated how much money it could lose if bitcoin dropped.
He adds: “You buy a company that calls itself a ‘leveraged play on bitcoin,’ what do you expect to happen if bitcoin goes down?” This divergence reflects a deep debate in the bitcoin economy, between confidence in growth and caution towards volatility.
Despite the controversy, Strategy’s accumulation policy inspires several companies. AsiaStrategy, an Asian watchmaking company, saw its stock price rise by more than 60% after adopting a similar strategy. A listed company in Bahrain also ventured into a BTC treasury, in partnership with 10X Capital.
These figures demonstrate that BTC is establishing itself as a growing pillar in the digital economy. They also testify to the confidence of institutional players, ready to face the challenges and surf on volatility.
Strategy buys BTC regardless of its price. This consistency illustrates a will to move forward, regardless of difficulties. Through its transactions, the company asserts its place in the bitcoin economy and shows its long-term commitment . Facing criticism, it remains true to its vision, convinced that the future belongs to bitcoin.