集體訴訟針對邁克爾·塞勒（Michael Saylor）的策略（以前的MicroStrategy）及其最高高管提起訴訟

原告Anas Hamza聲稱，比特幣（BTC）代理公司虛假陳述其比特幣投資戰略的關鍵方面，可能違反了聯邦證券法。

A class action lawsuit was filed against Michael Saylor's Strategy (previously MicroStrategy) and its top executives, including President and CEO Phong Le and Chief Financial Officer Andrew Kang, on May 16.

5月16日，針對邁克爾·塞勒（Michael Saylor）的戰略（以前是MicroStrategy）及其最高高管提起訴訟，包括總裁兼首席執行官安德魯·康（Andrew Kang）。

The plaintiff, Anas Hamza, is accusing the Bitcoin (BTC) proxy firm of misrepresenting crucial aspects of its Bitcoin investment strategy, potentially leading to violations of federal securities laws.

原告Anas Hamza指責比特幣（BTC）代理公司歪曲了其比特幣投資策略的關鍵方面，可能導致違反聯邦證券法的行為。

Plaintiff Anas Hamza Sues Strategy

原告Anas Hamza起訴策略

According to the lawsuit, Strategy's disclosures to investors may have failed to disclose material facts about its Bitcoin holdings and corporate strategy, potentially engaging in deceptive practices. Hamza is presenting this lawsuit on behalf of other shareholders who might have suffered financial losses due to the company's alleged misleading communications.

根據訴訟，戰略對投資者的披露可能未能披露有關其比特幣持有和公司戰略的重大事實，可能會從事欺騙性實踐。 Hamza代表其他股東提出了這項訴訟，這些股東因公司所謂的誤導性通信而可能遭受經濟損失。

The case specifically cites violations of the Securities Exchange Act, which governs the accurate disclosure of information to investors, seeking damages for these alleged violations.

該案特別引用了對《證券交易法》的違規行為，該法規定了向投資者準確披露信息，並為這些涉嫌違法行為尋求損害賠償。

Some of the firm's skeptics, like Bank of America analyst Craig Coben, are worried that the firm's aggressive approach to Bitcoin accumulation could expose stockholders to a lot of volatility in the market.

該公司的一些懷疑論者，例如美國銀行分析師克雷格·科本（Craig Coben），擔心該公司對比特幣積累的積極方法可能會使股東在市場上的波動性大量波動。

The expert has earlier stated that this continued accumulation could turn into a "vicious cycle" if the Bitcoin price collapses. However, Coben highlighted that as long as Strategy can fetch a premium to its net asset value, shareholders will benefit.

專家早些時候表示，如果比特幣價格崩潰，這種持續積累可能會變成“惡性循環”。但是，科本強調說，只要戰略可以溢價其淨資產價值，股東就會受益。

Saylor has also previously promised the firm's investors that the company would be fine even if the cryptocurrency's value dropped 90% and stayed that low for another four or five years.

塞勒（Saylor）此前還向公司的投資者保證，即使加密貨幣的價值下降了90％，並且在另外四到五年的時間內保持低谷，該公司也可以。

Saylor Reveals New Bitcoin Purchases

Saylor透露了新的比特幣購買

Despite the legal challenges, Michael Saylor has not publicly commented on the lawsuit. But he did disclose on Monday further Bitcoin purchases on social media platform X (formerly Twitter), indicating that the company remains committed to its aggressive acquisition strategy.

儘管面臨法律挑戰，但邁克爾·塞勒（Michael Saylor）尚未公開對訴訟發表評論。但是他確實在周一在社交媒體平台X（以前為Twitter）上進行了更多比特幣購買，表明該公司仍致力於其積極的收購策略。

Through a US Securities and Exchange Commission (SEC) filing, the Bitcoin proxy firm disclosed its acquisition of an additional 7,390 Bitcoin for approximately $764.9 million, purchasing these coins at an average price of $103,498 each.

通過美國證券交易委員會（SEC）申請，這家比特幣代理公司以約7.649億美元的價格披露了其額外的7,390比特幣的收購，每人平均購買這些硬幣。

This brings the company's total Bitcoin holdings to 576,230 BTC, valued at around $40.18 billion. Saylor further noted that the firm achieved a Bitcoin yield of 16.3% year-to-date (YTD) for 2025.

這使該公司的比特幣持有量達到576,230 BTC，價值約401.8億美元。 Saylor進一步指出，該公司的比特幣產量為2025年的16.3％（YTD）。

Since reaching a yearly low of $232 in April, the firm's stock, MSTR, has also achieved notable gains. It now trades at $410, reflecting a 76% increase that mirrors Bitcoin's price recovery above the pivotal $100,000 threshold, indicating a resurgence of capital in the market following a challenging end to the first quarter of the year.

自四月的年度低至232美元以來，該公司的股票MSTR也取得了顯著的收益。現在，它的交易價格為410美元，反映了76％的增長，這反映了比特幣的價格回收率高於關鍵$ 100,000的門檻，這表明在第一季度的挑戰性結束後，市場上的資本重新出現。

As of writing, BTC trades at $104,860, recording a 23% surge on the monthly time frame, only 3.6% below its all-time high of $109,000 reached last January. Year-to-date, the market's leading cryptocurrency is up 57%, per CoinGecko data.

截至撰寫本文時，BTC的交易價格為104,860美元，每月的時間範圍漲幅23％，僅比去年1月達到109,000美元的歷史高點僅3.6％。畢業生，根據Coingecko數據，市場領先的加密貨幣增長了57％。