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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
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Breaking News: Expert Alleges Bitcoin Under Siege Again, ETFs And BlackRock Suspected
Bitcoin

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

Christian Encila
by Christian Encila
Last Updated: June 23, 2025 7:00 am
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

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.”

Related Reading: Trump Dynasty Quietly Reduces Clout In World Liberty Financial—Report

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.

Bitcoin is currently trading at $101,422. Chart: TradingView

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
Related Reading: South Korea’s Crypto Push: Bitcoin ETFs Headed For Approval In 2025

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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Christian Encila

Christian Encila

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

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