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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
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Post original content on Gate Square related to WXTM or its
The US law firm Pomerantz has initiated a class action lawsuit against MicroStrategy regarding the disclosure issues related to its Bitcoin reserves.
According to Gate News bot, as reported by Wu, the American securities litigation firm Pomerantz has initiated a class action lawsuit against MicroStrategy (Nasdaq: MSTR) and some of its executives. The lawsuit points out that MicroStrategy had insufficient information disclosure during the period from April 30, 2024, to April 4, 2025, specifically related to the risks associated with its "Bitcoin reserve" strategy.
The lawsuit documents indicate that the company underestimated the significant losses caused by the fluctuations in Bitcoin prices after adopting new accounting standards. Investors who purchased or held MSTR securities during the aforementioned period can apply to serve as lead plaintiffs by July 15, 2025. The case has now been filed in the U.S. District Court for the Eastern District of Virginia.