Strategy Suggests More Bitcoin Purchases Ahead Amid Legal Case Settlement

Strategy, led by Michael Saylor, may increase its Bitcoin holdings after a shareholder lawsuit was withdrawn with prejudice. The company had disclosed another large BTC acquisition, adding over 3,000 BTC. Saylor hinted at more buys, citing "Bitcoin is still on sale." Strategy's total holdings now stand at 632,457 BTC, valued at $68 billion.

MicroStrategy Inc. (NASDAQ: MSTR), led by CEO Michael Saylor, may be poised to increase its Bitcoin holdings following the dismissal of a class-action lawsuit against the company. The lawsuit, filed in May 2025, alleged that MicroStrategy made misleading claims about its Bitcoin strategy and failed to adequately disclose risks associated with the adoption of new accounting standards.

On August 28, 2025, the plaintiffs voluntarily dismissed their claims with prejudice, preventing them from refiling the same suit. This decision ends months of litigation but does not resolve all investor concerns about the company's Bitcoin holdings and accounting practices [1][2].

In the wake of the lawsuit dismissal, MicroStrategy disclosed another large Bitcoin acquisition, adding over 3,000 BTC to its holdings. The company's total Bitcoin holdings now stand at 632,457 BTC, valued at approximately $68 billion [4]. Saylor hinted at more potential acquisitions, stating, "Bitcoin is still on sale," a familiar buying signal that has historically preceded official announcements of new acquisitions [4].

The dismissal of the lawsuit may remove a significant legal overhang for MicroStrategy, allowing the company to focus on its Bitcoin strategy. However, investors remain closely scrutinizing the company's accounting practices and disclosures, particularly in light of the new Financial Accounting Standards Board (FASB) accounting rules that require companies to record digital assets at fair value each quarter and recognize both gains and losses in earnings [1][2].

The new FASB rules have had a significant impact on MicroStrategy's reported results. In Q1 2025, the company reported a $4.22 billion net loss, driven by the fair-value recognition of its crypto holdings. This has raised questions about the company's disclosure practices and the volatility of its earnings [2].

Despite the challenges, MicroStrategy remains the largest corporate Bitcoin holder, with 632,457 BTC representing approximately 4.7% of the total Bitcoin supply. The company's strategy of using Bitcoin as a corporate treasury has inspired other firms to adopt similar models, collectively holding more than $108 billion worth of the cryptocurrency [3].

Investors should continue to closely monitor MicroStrategy's quarterly disclosures and management commentary to evaluate the company's accounting risk and the impact of its Bitcoin holdings on financial performance. The dismissal of the lawsuit does not end scrutiny over crypto accounting under FASB 2023-08, and other shareholder actions may still be possible [2].

References:
[1] https://finance.yahoo.com/news/massive-relief-microstrategy-troubling-lawsuit-230105213.html
[2] https://en.coinotag.com/strategy-lawsuit-dismissed-with-prejudice-bitcoin-accounting-scrutiny-could-continue/
[3] https://finance.yahoo.com/news/michael-saylors-bitcoin-bet-under-192045920.html
[4] https://coinmarketcap.com/academy/article/michael-saylor-signals-fresh-bitcoin-purchase-plans