Strategy stock rallies despite class action lawsuit
Strategy (NASDAQ: MSTR) stock climbed $4,78 (1,20%) from its latest closing price of $399.80 to its Monday price of $404,58 as the company revealed that a class-action lawsuit is targeting it. Strategy has acquired 7,390 BTC for ~$764.9 million at ~$103,498 per bitcoin and has achieved BTC Yield of 16.3% YTD 2025. As of 5/18/2025, we hodl 576,230 $BTC acquired for ~$40.18 billion at ~$69,726 per bitcoin. $MSTR $STRK $STRF https://t.co/QwYKgLkfPX — Michael Saylor (@saylor) May 19, 2025 Although most investors became aware of the legal action while reading the firm’s latest Bitcoin purchase disclosure, the company running the lawsuit, Pomerantz, disclosed and detailed it on Sunday, May 18. Some MSTR shareholders are displeased with the firm’s accounting practices and feel they have suffered losses as a result of improper risk statements: Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the anticipated prof...