Michael Saylor, executive chairman and co-founder of MicroStrategy, is creating a buzz in the crypto world. On a latest tweet on X (formerly Twitter), Saylor gave a hint that his organization might be adding more Bitcoin in the near future, keeping intact the policy of aggressive investment of the company. As MicroStrategy itself is a part of a case related to a significant loss of Bitcoin during Q1, the development created a furore regarding the course of the company’s finances.
Saylor’s Hint for Follow-up Bitcoin Acquisition
Michael Saylor’s Twitter and other social media posts have often preceded MicroStrategy’s significant Bitcoin purchases, and his latest post is no exception. On his Twitter profile, he made a compelling chart of his company’s historical Bitcoin purchases, coupled with a note saying, “Nothing Stops This Orange,” a reference to Bitcoin’s signature color.
Nothing Stops This Orange pic.twitter.com/NwtiXWl4MT
— Michael Saylor (@saylor) June 22, 2025
The cryptic note, coupled with the chart, has had the crypto community speculating whether Saylor is planning a large Bitcoin purchase. MicroStrategy already holds more than 590,000 BTC and has regularly topped up its Bitcoin holdings, and the note seems to suggest that Saylor’s vision for the company remains unchanged and Bitcoin-focused. Such communications previously have preceded large Bitcoin purchase announcements, and the timing is significant for investors and cryptocurrency enthusiasts.
Investor Class Action Over $5.9B Bitcoin Loss in Q1
However, its concerted Bitcoin strategy remains divisive. MicroStrategy was recently in a legal battle following a lawsuit by an investor against the company concerning its 2025 Q1 reported $5.9 billion Bitcoins unrealized loss. Saylor, CEO Phong Le, CFO Andrew Kang, and other board of directors were blamed for breaching their fiduciary duties not to managing the company’s cryptocurrency investment appropriately.
The legal grievance is based on the application of the new Financial Accounting Standards Board (FASB) crypto accounting standard, which forced MicroStrategy to report this loss in its Q1 filings. This was a change in the crypto accounting standard that forced companies to list the market value of their crypto assets on their balance sheets, which itself had the effect of sending MicroStrategy’s Bitcoin assets’ value down sharply, since the price of Bitcoin had dropped during the period. The case holds that the company had not sufficiently disclosed the inherent risks of its Bitcoin policy, which sent its stock price down by approximately 9%.
Insider Stock Sale Fees
One of the more egregious charges in the lawsuit is for insider trading. The plaintiff asserts that company leaders, including Saylor himself, sold company stock during the time the stock was pumped up artificially, only for the value of the stock to drop drastically after the extent of the loss of Bitcoins was publicly known. The lawsuit posits that leaders made gains off of “inflated stock prices,” with cumulative insider sales of approximately $31 million prior to the full extent of the loss of Bitcoins being publicly known. These allegations are causing concerns about whether or not the leadership of the company operated in the best interests of shareholders or was most interested in securing their own personal interests financially.
Individualized Approach and Company Response
Other than the shareholder case, MicroStrategy is also being pursued for a class action that was instituted in May 2025. This case also holds the company accountable for having misstated the risk of its Bitcoin policy of investment policy and for not disclosing sufficiently the way changes in the accounting standards would impact its performance. MicroStrategy revealed that it “will vigorously defend against these claims.” The company remains adamant that its Bitcoin policy is on course with its long-term vision and that it remains passionate about the future of the digital currency. Despite these legal hurdles, MicroStrategy’s leadership remains committed to its actions, asserting that the lawsuit is meritless and that the company’s passion for Bitcoin remains unwavering. All in all, while Saylor’s proposal of buying more Bitcoins could suggest a continued bullish attitude on the globe’s most popular cryptocurrency, the investor litigation looms large against MicroStrategy’s investment policy. Both investors and the company could be at a crossroads in the next several months because the legal battles continue to rage and because the market eagerly awaits signs of changes in its policy on Bitcoins.
