Strategy’s Michael Saylor Shrugs Off Lawsuit, Signals Next Bitcoin Acquisition
According to reports, MicroStrategy (rebranded to Strategy) CEO Michael Saylor dropped another hint that his company is ready to add more Bitcoin to its already massive stash. He shared a simple chart on X with the phrase “Nothing Stops This Orange.”
It wasn’t some marketing slogan. It was a signal. Strategy now holds over 592,000 BTC, valued at nearly $60 billion, with Bitcoin trading just under $101,000. Short tweets from Saylor have sparked fresh buying runs before. This time could be no different.
Michael Saylor Teases New Bitcoin Buy
Michael Saylor’s cryptic post is more than a rallying cry for crypto fans. It follows a string of similar hints that led Strategy to pick up large chunks of Bitcoin at key price dips.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
Based on history, traders and investors watch his every move. He’s built a reputation for turning a single line on social media into a multi-million-dollar acquisition. If past patterns hold, we could see the company locking in more BTC by mid-year.
Lawsuit Accuses Execs Of Misleading Investors
Last Friday, a shareholder filed a derivative suit in Virginia federal court. Abhey Parmar claims that Saylor, CEO Phong Le, CFO Andrew Kang and four board members failed in their duty.
According to the complaint, they “made materially false and misleading statements” about a January accounting change. The suit says the team downplayed the impact and risk of Bitcoin’s wild price swings before the Q1 report.
New Accounting Rule Triggers $6 Billion Loss
Strategy adopted a Financial Accounting Standards Board rule that kicked in a month earlier. The switch let companies value crypto holdings at estimated market prices. It backfired for Strategy in April.
The company recorded a $5.9 billion unrealized loss on Bitcoin, and its shares slid nearly 10% in the days after the results. Investors were caught off guard by how big the hit turned out to be.
Source: Google Finance
Insider Sales And Stock Recovery
The lawsuit also highlights nearly $32 million in stock sales by top execs before the loss became public. Parmar argues those sales came while the share price was “artificially inflated.”
Still, Strategy shares have clawed back most of their losses. They jumped from a low of just under $237 in early April to up to nearly 28% so far this year. That rebound shows many traders are still betting on Saylor’s long-term vision.
Featured image from Unsplash, chart from TradingView
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