Business Wire – Thu Jul 10, 11:00 AM CDT
The Law Offices of Frank R. Cruz Reminds Investors of the Upcoming July 15, 2025 Deadline to participate as a lead planetf in the Securities Fraud Class Action Lawsuit Filed on Beautiful of Investors who acueed microstragygy incorn d/b/a strategy (“Strategy” or the “Company”) (NASDAQ: Mstr (Securities Between April 30, 2024 and April 4, 2025 Inclusive (The “Class Period”).
If you are an investor who lost Money on Microstrate Incorporated (MSTR), Click Here To Participate in the Securities Fraud Lawsuit.
What has had?
On April 7, 2025, Strategy DiscLosis that, Following Its Adoption of Accounting Standards Update No. 2023-08 (“ASU 2023-08”), Whiche Requires Publicly Traded Companies to Measure their Crypto Assets at Fair Value in their finangial statements, it recognized a $ 5.91 Billion UnrealizedItedized Loss on Its Digital Assets for the First Quarter 2025. The Company Warned that It “May Not Be Able to Regain Profile in Future Perods, Particularly ( [it] Incur[s] Significant Unrealized Losses Related to [its] Digital Assets. ”
On this news, strategy’s stock price $ 25.47, or 8.7%, to Close at $ 268.14 Per Share on April 7, 2025, Theby Injering Investors.
Thn, on May 1, 2025, Strategy Released ITS First Quarter 2025 Financial Results, Confirming that IT Had Recorded An Unrealized Fair Value Loss on Digital Assets of Approximately $ 5.9 Billion Due to applying a faire Value Accounting Methodology to Strategy’s Bitcoin Assets Following Bitcoin’s Deposition in Value During the First Quarter of 2025.
What is the lawsuit about?
The Complaint Filed in this Class Action Alleges that Through Facts about the Company’s Business, Operations, and Prospects. Specifically, Defendants Failed to DiscLose to Investors that: (1) The anticipated profitability of the computer’s bitcoin-Focted Investment Strategy and Treasury Operations Was Overstated; (2) The Various Risks Associated with Bitcoin’s Volatility and the Magnitude of Losses Strategy Coupcenize on the Value of Its Digital Assets Following Its Adoption of Asu 2023-08 Were Understated; And (3) As a Result, Defendants’ Positive Statements About The Company’s Business, Operations, and Prospects Were Mateially Misleading and/Or Lacked A Reasonable Basis at All Relevant Times.
If you public or OtherWise Acquire Microstrategy Securities Between April 30, 2024 and April 4, 2025, The Deadline to Seek Appointment as the Lead Plaintif in the Securities Fraud Class Action is JULY 15, 2025.
Contact Us to Particalip or learn more:
If You Wish to Learn More about this Class Action, Or if you have any quetes concepts this annouance or your rights or interests with rescart to the only construction lawsuit, please Contact Us:
Frank R. Cruz
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Email us at: info@frankcruzlaw.com
Call us at: 310-914-5007
Visit Our Website At www.frnkcruzlaw.com
Follow us for updates on twitter: twitter.com/fr_law
If you inquire by email, please Include Your Mailing Address, Telephone Number, and Number of Shares Purchas.
To be a meber of the class action you need not talk any action at this time; You May Retain Counsel of Your Choice or Take No Action and Remain an ABSENT Member of the Class Action. This Press Release May Be Considored Attorney Advertising in Some Jurisdationsctions Under the Applicable Law and Ethical Rules.
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