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MicroStrategy Faces Third Class Action Lawsuit as Bitcoin Investment Strategy is Questioned
[Coin World][Portnoy Law Firm announces class action against MicroStrategy] Portnoy Law Firm has announced a class action against MicroStrategy (NASDAQ: MSTR; STRK; STRF) on behalf of investors who purchased the company's securities between April 30, 2024, and April 4, 2025. The lawsuit alleges that the company exaggerated the expected profitability of its Bitcoin investment strategy and underestimated the associated risks.
Previously, it was reported that the renowned law firms Frank R. Cruz and Pomerantz announced a class action lawsuit against MicroStrategy Incorporated (NASDAQ: MSTR), accusing the company of making misleading statements to investors between April 30, 2024, and April 4, 2025.